Can I use an HSA as a retirement account?
Yes — HSAs are arguably the best retirement vehicle. After 65, you can withdraw for any purpose (taxed as ordinary income, like a Traditional IRA). For medical expenses, withdrawals are tax-free at any age. Many people max HSA, invest the funds, and pay medical bills out of pocket to grow the account.
More context
Yes — HSAs are arguably the best retirement vehicle. After 65, you can withdraw for any purpose (taxed as ordinary income, like a Traditional IRA). For medical expenses, withdrawals are tax-free at any age. Many people max HSA, invest the funds, and pay medical bills out of pocket to grow the account. The exact answer depends on your specific situation — the numbers above are a strong starting point, but the right next step is to plug in your actual figures.
For a deeper analysis, use one of the related tools below — they take your specific income, debt, location, and goals as inputs and produce a tailored answer.