How to make the most of your HSA after 50
If your budget allows, aim to contribute the full amount — including that $1,000 catch-up. Many people pay current medical bills out of pocket and let the HSA grow as a long-term, tax-free health fund. And here’s a bonus for the years ahead: once you turn 65, you can withdraw HSA money for any purpose without penalty (you’ll just owe ordinary income tax on non-medical withdrawals, much like a traditional IRA).
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