Chartered Retirement Planning Counselor (CRPC) Practice Exam 2025 – Comprehensive All-in-One Guide for Exam Success!

The characteristic that is not a feature of Health Savings Accounts (HSAs) pertains to the taxation of contributions remaining after retirement. In fact, contributions that remain in an HSA after retirement are not subject to additional taxation as long as they are used for qualified medical expenses. Furthermore, once an individual reaches the age of 65, they can withdraw funds from their HSA for non-medical expenses without facing a penalty, although those withdrawals will be subject to income tax if not used for qualified medical purposes.

On the other hand, the other options accurately represent features of HSAs. HSAs are indeed portable assets, meaning individuals can roll over their accounts into other HSAs if they change providers or jobs. Contributions made to HSAs are typically tax-deductible, allowing individuals to lower their taxable income. Additionally, withdrawals made for qualified medical expenses are always tax-free, offering a significant tax advantage for those who use their HSA funds appropriately for healthcare costs.