Here is the shorter version of my HSA questions:
1) Besides available funds choices are there differences between using Health Equity or the brokerage window they offer with Schwab? Just curious about pros/cons.
2) Assuming both satisfy our allocation desires is it better to use a TIPS fund or a CA Muni fund inside our HSA given that we are CA residents?
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My wife and I have a new HSA administrator, Health Equity. We have the option of using their pre-selected funds, or it appears we can pop open a brokerage window with Schwab.
If we use the funds within Health Equity, I am leaning towards VIPIX or VTAPX since they are both inflation-protected bond funds. Either could help satisfy the desired allocation in our portfolio and presumably allow us to avoid CA state taxes on the growth.
If we pop open the Schwab window, then I suppose we might gravitate to a CA muni bond fund for the purpose of helping to satisfy our desired bond allocation and also tax-free growth.
1) Does anyone have any insight into whether we should stick to the options within Health Equity or should we give stronger consideration to using the Schwab option? We haven't been faced with this kind of choice within an HSA account before and weren't sure if there might be any interesting considerations to take into account.
2) Does it make any more or less sense to choose a TIPS fund or a CA muni bond fund in our situation?
In case it matters, we are using the HSA for long-term investing purposes. I'd not anticipate a need to use the funds for a decade. I realize plans can sometimes change though.
Thanks in advance for any insight or advice.
1) Besides available funds choices are there differences between using Health Equity or the brokerage window they offer with Schwab? Just curious about pros/cons.
2) Assuming both satisfy our allocation desires is it better to use a TIPS fund or a CA Muni fund inside our HSA given that we are CA residents?
——————
My wife and I have a new HSA administrator, Health Equity. We have the option of using their pre-selected funds, or it appears we can pop open a brokerage window with Schwab.
If we use the funds within Health Equity, I am leaning towards VIPIX or VTAPX since they are both inflation-protected bond funds. Either could help satisfy the desired allocation in our portfolio and presumably allow us to avoid CA state taxes on the growth.
If we pop open the Schwab window, then I suppose we might gravitate to a CA muni bond fund for the purpose of helping to satisfy our desired bond allocation and also tax-free growth.
1) Does anyone have any insight into whether we should stick to the options within Health Equity or should we give stronger consideration to using the Schwab option? We haven't been faced with this kind of choice within an HSA account before and weren't sure if there might be any interesting considerations to take into account.
2) Does it make any more or less sense to choose a TIPS fund or a CA muni bond fund in our situation?
In case it matters, we are using the HSA for long-term investing purposes. I'd not anticipate a need to use the funds for a decade. I realize plans can sometimes change though.
Thanks in advance for any insight or advice.
Statistics: Posted by OnlineAdventurer — Tue Jan 14, 2025 2:05 pm — Replies 2 — Views 102