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Subject:  Re: IRA vs. HSA? Date:  12/7/2004  7:20 PM
Author:  jesserivera67 Number:  43447 of 88758

Hey Rick,

See the previous post...I'm thinking of the same deal.

Basically along the same lines. How long do you have until you hit 65? Also, forget about funding an FSA then. The plan I have (and most others I believe) require you to use the funds from your HSA prior to touching the FSA which means you have to fund everything from your pocket and not get any tax benefits from it.

If you have the money to spend out of your own pocket then great. After 65 it basically works just like an 401k/IRA as Ken points out and you will get taxed at your income rate so no freebies there unless they are for medical expenses but by that time you will have Medicare so I'm not clear as to how that will work.

There won't be any funds to choose from in our HSA until later next year so I'll hold out until then and stick with the IRA for now. I want to take a look at what kind of fees there are and then make a move. It is an interesting option though if you can afford it.

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