Funding a Health Savings Account, or HSA, is a great way to save and pay for qualified out-of-pocket medical expenses. But are you familiar with the withdrawal rules that come with these accounts? The penalty for failing to follow HSA distribution rules can result in you not only having to pay income tax on the entire distribution, but also a 20% penalty on top of that.
To ensure you take your withdrawals properly, click here to download
“Planning for HSA Distributions in 5 Easy Steps.”
Questions? Contact our office at (877) 714-2362 to schedule a time for a visit.
Walter F. Pardo CWS®, PPC™
An Ed Slott Master Elite IRA Advisor
22 Church Street | P.O. Box 60 | Liberty Corner, NJ | 07938
Phone (877) 714-2362 | Fax 1 + (908) 325.0008