I had a very similar path and choices to retirement. Regarding the HSA, be sure to get into the details on this great program. Just watch out for this: From Google AI: If you apply for Medicare Part A or Part B after age 65, you are automatically given six months of retroactive health coverage. This means you can't contribute to your HSA for any of those months. You should also stop contributing six months before you file for Medicare to avoid potential tax issues. If you are retiring at age 65.5 or older, you should stop contributing to your HSA so you have six months of no contributions before filing for Medicare.
Comments
I had a very similar path and choices to retirement. Regarding the HSA, be sure to get into the details on this great program. Just watch out for this: From Google AI: If you apply for Medicare Part A or Part B after age 65, you are automatically given six months of retroactive health coverage. This means you can't contribute to your HSA for any of those months. You should also stop contributing six months before you file for Medicare to avoid potential tax issues. If you are retiring at age 65.5 or older, you should stop contributing to your HSA so you have six months of no contributions before filing for Medicare.
Post: Retirement Ready
Link to comment from January 10, 2024