Well, you simply can't do that! You can't take money out of your IRA without paying taxes. You can't contribute to an HSA unless you have a "sponsored product" that includes underlying high deductible health insurance -- and if you're retired you are likely on Medicare and don't need that insurance. You've just got a lot confused. If your problem is that you're "only" earning 1% on your IRA, you can move that -- do a direct rollover from your current custodian to a new custodian like Fidelity or Vanguard. Of course, you would only do that if you want to invest more aggressively, which you could do in a stock market fund. And then you could get a much higher return -- OR you could LOSE a significant portion of your IRA! The 1 percent you are earning now is about the maximum you can get without taking more risk -- no matter what any salesman promises. Think about that before you make a move! If you can't afford to lose ANY money stick with that conservative investment hou already have.