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 withdrawals properly, click below to download “Planning for HSA withdrawals in 5 Easy Steps.”
At RFG Wealth Advisory, you can:
Do you have questions? Contact RFG Wealth Advisory at 940-464-4104 or click here to set up a 15-minute phone consultation.
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