My HSA Has Poor Investment Options! (What Should I Do?) Take Your Finances to the Next Level ➡️ Subscribe now: …
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My HSA Has Poor Investment Options! (What Should I Do?) Take Your Finances to the Next Level ➡️ Subscribe now: …
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24 comments
My employer HSA isn’t terrible (I can invest all but $1k in any MF or ETF), but I’d rather have it at Fidelity with the rest of my accounts.
I asked HR, and it turns out I didn’t notice they had an option to deposit my HSA deduction (and match) directly into my Fidelity HSA instead!
Even if you don’t have that option (it’s quite rare), you can still do an HSA rollover once per year and then invest your funds.
I think investors should always put their cash to work, especially In 2025, we'll start to see more market diversification. I'm hoping to invest about $350k of my savings in stocks against next year. Hope to make millions in 2025
I have Blue Cross Blue Shield HSA and looking to allocate my money in investments portfolio but don’t what are the best portfolios to add funds to. Any ideas? Thank you!
Roll your balance over to Fidelity HSA once a year then invest it.
Transferring my HSA to Fidelity for this very reason.
Does anyone know the HSA rules? I currently have HSA Bank through my employer. Not happy with it, so I opened a Fidelity HSA. I was hoping to make payroll deductions directly to Fidelity.
You only can put so much in an hsa a year. Get the money in each year until you have the opportunity to invest. When i got a chunk of money into my hsa, i did a partial rollover to fielity so i could invest. My contributions through my employer kept going to the original account.
My employer doesn't have an HSA. And if the caps for being able to claim deductions are like the caps for claiming IRA contributions, then I'd have no benefit for contributing to one. I already contribute 29k to Roth every year (401k plus backdoor). I don't really want more accounts locking my money up for specific things. I'd prefer to have an income steam and some diversity. I'm also the type to avoid doctors. Like if I need stitches, it's getting cleaned out with alcohol and taped together with duct tape. On top of that, my insurance is solid. My max out of pocket isn't very much. Why have thousands tied up in case I might need to fork over 1.5k for medical? I'd rather have that money working to pay my regular bills. I just don't see the reason to have an HSA in my situation.
That's smart. Health Equity takes 3bps a month for an index fund
I transferred my employer hsa to fidelity, best decision ever.
If your employer has a crappy HSA, you should still make payroll contributions to save on FICA then once a year you can do a 60-day rollover to something like a Fidelity HSA where you can invest the money. HSA accounts are owned by the individual. Your employer cannot stop you from rolling over funds to another HSA after they have been deposited – just don't let your employer's HSA provider close your account just because you did a rollover.
Fortunate to have FXAIX in my HSA. 100% of contributions go straight to that fund.
My company sponsored HSA has high fees. So I max the HSA yearly and do partial transfers to my own personal Fidelity HSA to invest. Never a full transfer, account needs to stay open to get employee and employer contributions.
I have a 4% mortgage. We will be selling our home in about 7 years to buy a new one. We have a nice emergency fund. We have an extra $400 a month to either put toward the mortgage or save/invest for a future down payment. Suggestions?
My work required HSA (Health Equity) has an in service partial rollover option.
Mine is 100% in VIGAX. $2.50/mo fee
Investing outside of your employer's HSA foregoes the FICA tax deduction. Better to roll it over from the employer plan to another provider.
just maxed my hsa today 🙂
I max my Heathequity HSA through payroll, and do a partial cash HSA transfer to my Fidelity HSA every 2 months. Fidelity HSA has no cash minimum before investing, and is wide open to investment options.
My company has a similar thing with our HSA, but I don't think they'll be keen to switch since I work for a bank and the HSA is with them.
I have mine with Fidelity and it’s in SCHD 100%
If you are eligible for an HSA you do not have to use your employee sponsored HSA. I use Lively which allows me to use a self-directed brokerage as they partner through Schwab. Sounds like that's the advice here after watching the video
My HSA is Rocky Mountain Reserve and the fees are EXPENSIVE, I’ve got my investments in Vanguard total stock market index and Vanguard developed market index.
Mines in Lively. Started with self-directed investment with TD Ameritrade. Soooooo many options, and soooo overwhelmed lol. Switched to an option they have where THEY manage the investment. Much easier.