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- Aug 24, 2007
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I have approximately 20,000 sitting in an HSA that I did not use for medical expenses already incurred.
Paid out of pocket at that time (gotta get them SWA points ).
The financial report I get from my work, something I didn't really pay attention to initially, seems to indicate that the HSA $ is NOT being invested in a Vanguard Target date fund (as the 403b & 457 are), and it's return was listed at something < 1%.
My understanding is that the date of the medical expense is not limited so I should be able to now take the money out.
With that in mind, it seems to make sense to withdraw the $ & open 2 IRAs (@ $ 5500 each, one for wife) & invest rest in child's 529.
Thoughts?
Thanks.
Paid out of pocket at that time (gotta get them SWA points ).
The financial report I get from my work, something I didn't really pay attention to initially, seems to indicate that the HSA $ is NOT being invested in a Vanguard Target date fund (as the 403b & 457 are), and it's return was listed at something < 1%.
My understanding is that the date of the medical expense is not limited so I should be able to now take the money out.
With that in mind, it seems to make sense to withdraw the $ & open 2 IRAs (@ $ 5500 each, one for wife) & invest rest in child's 529.
Thoughts?
Thanks.