Hi all
I am an HSA evangelist. Despite being unqualified for Life or LTC or hybrid, I have been saving in an HSA since 2007 (with generous employer contributions) and luckily have been able to invest it without spending any (take that, underwriters!). Despite layoffs, unemployment and a major illness, it grows and grows.
I just got a new job with a law firm that considers me to have access to MNPI. Therefore, their HSA and 401K are limited to MFs or a 24-hour approval to trade individual stock securities by their ticker. They contribute $750/annum to the HSA - prorated to 3 mos in 2024.
My Ameriprise advisor does wonders with my former 401ks and Roths, but they do not have any kind of HSA, nor access to manage one through partner agreements (management is what I need to avoid the pre-approval process).
I intend to maxx my 401k at limit + catchup, and the HSA at limit, but the MFs are not great choices. I plan to be at this job for... 10+ years so having the 401k in only the approved MFs (not necessarily efficient Index funds) gives me pause.
I would greatly prefer a managed stock portfolio for the HSA ( only way to get around pesky pre-approvals and admin time I do not have to spend, plus diversify vs the 10 MFs everyone has through their employer) but Fidelity's is the only managed HSA I have found.
Questions:
1. Is .35% worth management vs. icky MF choices?
2. Does the bogle brain trust know of any other good HSA managed options?
THANK YOU SO MUCH FOR YOUR THOUGHTS I cannot get life or LTC. So, HSA/401K/Roth/IRA are my options. Let's not get to annuities. I am not there yet and this employer doesn't offer annuity Blackrock in the 401k plan, even if that would be good. My former bank employer did offer this, but I am suspicious...
I am an HSA evangelist. Despite being unqualified for Life or LTC or hybrid, I have been saving in an HSA since 2007 (with generous employer contributions) and luckily have been able to invest it without spending any (take that, underwriters!). Despite layoffs, unemployment and a major illness, it grows and grows.
I just got a new job with a law firm that considers me to have access to MNPI. Therefore, their HSA and 401K are limited to MFs or a 24-hour approval to trade individual stock securities by their ticker. They contribute $750/annum to the HSA - prorated to 3 mos in 2024.
My Ameriprise advisor does wonders with my former 401ks and Roths, but they do not have any kind of HSA, nor access to manage one through partner agreements (management is what I need to avoid the pre-approval process).
I intend to maxx my 401k at limit + catchup, and the HSA at limit, but the MFs are not great choices. I plan to be at this job for... 10+ years so having the 401k in only the approved MFs (not necessarily efficient Index funds) gives me pause.
I would greatly prefer a managed stock portfolio for the HSA ( only way to get around pesky pre-approvals and admin time I do not have to spend, plus diversify vs the 10 MFs everyone has through their employer) but Fidelity's is the only managed HSA I have found.
Questions:
1. Is .35% worth management vs. icky MF choices?
2. Does the bogle brain trust know of any other good HSA managed options?
THANK YOU SO MUCH FOR YOUR THOUGHTS I cannot get life or LTC. So, HSA/401K/Roth/IRA are my options. Let's not get to annuities. I am not there yet and this employer doesn't offer annuity Blackrock in the 401k plan, even if that would be good. My former bank employer did offer this, but I am suspicious...
Statistics: Posted by CityKir — Thu Oct 03, 2024 7:36 pm — Replies 1 — Views 86