Elizabeth Ayoola

To help us answer this listener's money question, we have Kate Ashford, NerdWallet's Medicare and Health Insurance Authority. Welcome to Smart Money, Kate. Always happy to be here, Elizabeth. First of all, can you explain what a health savings account is for listeners who don't know much about it? I will say that I love HSAs for their triple tax benefit.

To help us answer this listener's money question, we have Kate Ashford, NerdWallet's Medicare and Health Insurance Authority. Welcome to Smart Money, Kate. Always happy to be here, Elizabeth. First of all, can you explain what a health savings account is for listeners who don't know much about it? I will say that I love HSAs for their triple tax benefit.

Vicki mentioned selling stock before doing the rollover. Now, Kate, why might they have to do that?

Vicki mentioned selling stock before doing the rollover. Now, Kate, why might they have to do that?

Vicki mentioned selling stock before doing the rollover. Now, Kate, why might they have to do that?

What are the tax implications of doing this? I know depending on where they live, they might owe state taxes on capital gains.

What are the tax implications of doing this? I know depending on where they live, they might owe state taxes on capital gains.

What are the tax implications of doing this? I know depending on where they live, they might owe state taxes on capital gains.

What are some potholes that people can avoid when doing an HSA rollover? What are some ways to minimize the potential of penalties?

What are some potholes that people can avoid when doing an HSA rollover? What are some ways to minimize the potential of penalties?

What are some potholes that people can avoid when doing an HSA rollover? What are some ways to minimize the potential of penalties?

Well, Kate, is there anything else people need to know or the listeners should know that we haven't already covered?

Well, Kate, is there anything else people need to know or the listeners should know that we haven't already covered?

Well, Kate, is there anything else people need to know or the listeners should know that we haven't already covered?

And if you're looking for more nerdy information about investing in an HSA, we'll link an article in the episode description that walks you through why and how you should invest in one of those accounts.

And if you're looking for more nerdy information about investing in an HSA, we'll link an article in the episode description that walks you through why and how you should invest in one of those accounts.

And if you're looking for more nerdy information about investing in an HSA, we'll link an article in the episode description that walks you through why and how you should invest in one of those accounts.

And here's our brief disclaimer. We are not your financial or investment advisors. This nerdy information is provided for general educational and entertainment purposes, and it may not apply to your specific circumstances.

And here's our brief disclaimer. We are not your financial or investment advisors. This nerdy information is provided for general educational and entertainment purposes, and it may not apply to your specific circumstances.

And here's our brief disclaimer. We are not your financial or investment advisors. This nerdy information is provided for general educational and entertainment purposes, and it may not apply to your specific circumstances.