Before you leave your job, there are important things to consider to ensure that you maintain proper insurance coverage, have sufficient cash on hand, minimize any forfeitures, and avoid unnecessary tax consequences.
HSA’s provide unparalleled tax benefits to those who are eligible to contribute to them. They can also be a useful investment vehicle for covering the costs of health care now and in retirement.
Some retirement plans offer the option to take a loan against the account, which can be more advantageous than taking a withdrawal. However, there are some pitfalls to this strategy if you are not careful.