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Re:US Workers Are Highly Taxed If You Count Premiums by petronio on Tuesday April 09, 2019 @12:36AM (#19611832)
I left the US recently with a few thousand in an HSA (a pre-tax account designated for healthcare expenses). I have no idea how I'm going to get that out of there now.
Re:US Workers Are Highly Taxed If You Count Premiums by zrail on Tuesday April 09, 2019 @09:16AM (#19614227)
You can keep it there and withdraw it after 65 penalty free (have to pay taxes like a traditional IRA) or you can pull it out now and pay taxes plus a 10% penalty.
Re:US Workers Are Highly Taxed If You Count Premiums by petronio on Tuesday April 09, 2019 @01:38PM (#19617124)
Probably better to withdraw and eat the penalty then, inflation will make it worth peanuts by the time I'm 65.
Re:US Workers Are Highly Taxed If You Count Premiums by ctchocula on Sunday April 14, 2019 @03:43PM (#19661263)
You can invest it in US or international mutual funds that historically have beaten inflation by 7%.
Re:US Workers Are Highly Taxed If You Count Premiums by pnutjam on Tuesday April 09, 2019 @03:14PM (#19618027)
If it's over a certain amount you can treat it like an IRA, otherwise you should get regular savings account interest, yeah.. I'm laughing too.
Re:US Workers Are Highly Taxed If You Count Premiums by zrail on Wednesday April 10, 2019 @04:19AM (#19622790)
Fidelity has an HSA with zero fees that lets you invest just like an IRA. I don’t know if you can open one without being a US resident, however.
Re:US Workers Are Highly Taxed If You Count Premiums by b_t_s on Tuesday April 09, 2019 @04:57PM (#19618857)
you can just withdraw it. Their website should have a way to do a bank transfer or write you a check. You will owe taxes, but if you're never coming back to the US, then whatever. If you're coming back, then you can generally invest your HSA in a mutual fund(most have some limited investment options accessible via their website) and then your HSA basically turns into an IRA retirement fund at age 65.