- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
HSA question
Posted on 8/16/15 at 12:09 pm
Posted on 8/16/15 at 12:09 pm
We have a high ded individual family insurance policy with BCBS purchased through Farm Bureau. When we finally opened a HSA, we just did it through FB. I don't think that we knew we had other options.
What type of "return" should we be getting? Or does anyone have any suggestions of better places that we could have this HSA?
I'd tell you the current interest rate but I'm super embarrassed. We just put money in and don't really touch it except for braces or MAJOR medical stuff. Son will very likely be needing surgery soon so I was just checking the balance and it led to the questions above.
Thanks for any suggestions.
What type of "return" should we be getting? Or does anyone have any suggestions of better places that we could have this HSA?
I'd tell you the current interest rate but I'm super embarrassed. We just put money in and don't really touch it except for braces or MAJOR medical stuff. Son will very likely be needing surgery soon so I was just checking the balance and it led to the questions above.
Thanks for any suggestions.
3
Posted on 8/16/15 at 12:25 pm to tiger91
Very minimal, unless you have a custodial brokerage account that you manage.
Posted on 8/16/15 at 1:15 pm to tiger91
The tax deduction is sufficient return for me.
Posted on 8/16/15 at 1:24 pm to tiger91
quote:
What type of "return" should we be getting?
A better question would be to ask what fund(s) to invest in. Just like most investment accounts your HSA will have a number of funds you can choose from that can range from ultra-conservative money market funds to riskier equity funds.
The usual advice (especially when you're just starting it) is to stay very conservative. You can gradually become less so as the account value builds.
Posted on 8/16/15 at 1:44 pm to foshizzle
Ours isn't in mutual funds or anything. Just making nominal interest. BUT I was pleasantly surprised to see the balance. I will have NO worries thankfully for paying the remaining portion of our ded should surgery be required and the therapy after. YEAH for good planning on our part.
Posted on 8/16/15 at 4:30 pm to tiger91
HSABank will allow you to open a TDAmeritrade account and link it to your HSA. I' ve had mine with them for like 15 years. HSABank.com.
Posted on 8/16/15 at 4:38 pm to bovine1
I need to put more into mine... I only do about $500 annually right now and my employer puts $400.
Graduate school means I need to save cash but $3350 that is tax deductible is pretty strong.
Graduate school means I need to save cash but $3350 that is tax deductible is pretty strong.
Posted on 8/16/15 at 5:10 pm to bovine1
quote:
HSABank will allow you to open a TDAmeritrade account and link it to your HSA. I' ve had mine with them for like 15 years. HSABank.com.
This is what I was referring to.
Otherwise you're just getting minimal interest.
Posted on 8/17/15 at 5:39 pm to bovine1
My company is with Optum Bank. The investment choices are rather poor, IMO. With that link to TD Ameritrade, HSA Bank seems to have a pretty sweet setup.
Page 1 of 1
Popular
Back to top
Follow TigerDroppings for LSU Football News