HSA and stocks? Need wrinkles - eviltoast

I hope someone who is smarter then me will be able to chime in. Can an HSA account be used to purchase stock to DRS? I see conflicting information about it online and am at work so really can’t delve deeper rn.

  • bibic_jr@lemmy.whynotdrs.orgM
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    1 year ago

    When I have spoken to apes with HSAs before I remember the solution being a rollover into a SDIRA to then move into DRS.

    The other option would be to take the tax hit. You can either take an early distribution (sell) or an in kind transfer (move the stocks to a cash account). Not sure if HSAs can do an in kind distribution, it may be you have to move them to an IRA first.