Retiring With a Huge HSA Balance? Here's an Important Rule to Know.
You may have more flexibility with that money than you'd think.
Overview
If you're nearing retirement with a huge balance in your health savings account (HSA), it should give you peace of mind. Healthcare can be a huge expense for seniors. And some of your costs may be unpredictable. The more money you have in your HSA, the easier it should be to cover those expenses.
But having a very large HSA could lead to a situation where your balances exceeds your anticipated medical costs. And in that case, you may not be thrilled to have an overage on your hands.
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Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.