patrick.net

I would expect IRMMA to affect everyone here.

What is in my variable annuity are called "sub accounts" which are identical to mutual funds; one of mine is managed by Primecap, which also is managing a fund at Vanguard called Primecap. Neither mutual funds, nor sub accounts can go "bankrupt."

What's bankrupt is the US government, not insurance companies; insurance companies own a lot of the USA debt which is used to pay people who buy an immediate fixed annuity.

HSA accounts cannot be spent tax free on anything and everything; but you can spend them eventually either way.

There is no RMD for a variable annuity, nor Roth, nor an HSA. There is also no RMD for a mutual fund in a regular account.

zzyzzx says

I would expect IRMMA to affect everyone here.

Yep, eventually, and likely some Roth max income limitations as well.

clambo says

HSA accounts cannot be spent tax free on anything and everything; but you can spend them eventually either way.

yeah, you're right. At 65 the penalty for non-medical expenses goes away but if you do that you're on the hook for income taxes

Ceffer says

Apparently this AI is unaware of the backdoor and mega backdoor options