Hi,
I'm retired, 59 years old. I don't have an HSA, but I'm wondering if there are any advantages to opening one at this point. Since I have no earned income, I presume that this means that I can't get a pre-tax tax exemption for money that's placed into an HSA at this point. To fund the HSA, I'd have to move money from an existing account, but makes no sense to me since there is no tax savings if I do this. Am I missing something?
Are there any reasons for me to open an HSA at this point?
thanks
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I'm retired, 59 years old. I don't have an HSA, but I'm wondering if there are any advantages to opening one at this point. Since I have no earned income, I presume that this means that I can't get a pre-tax tax exemption for money that's placed into an HSA at this point. To fund the HSA, I'd have to move money from an existing account, but makes no sense to me since there is no tax savings if I do this. Am I missing something?
Are there any reasons for me to open an HSA at this point?
thanks
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