Where to park short term hsa funds?

I also have mine in a Schwab HSA brokerage account and invested in Schwab SPAXX.

Are you anticipating needing the balance to pay for the birth? If so may as well leave it in the HSA in one of the investment options they have there.

In that case I probably would. But at only 5 months out until you need it, not sure if SPAXX is the right thing to do in the very short term. I’d probably put it in something less risky, but that’s just me. Then at that point I’d start to question if it’s even worth moving it around, vs just leaving it there until you need to pay the bill.

Someone else in here can probably offer sound advice.

ETA: btw congratulations on the addition!

This may be stupid question but trying to understand for my own good. Is the $8500 not currently invested within your HSA? If not, why the push to do it now when you will need funds in 5 months?

Again, really want to understand for my own good to ensure I’m thinking about my invested funds in my HSA correctly.

My HSA is with Lively. I keep 300ish dollars at Lively and the rest I sweep to Schwab. I keep my Schwab money that I want liquid in USFR and GSST. I just sell how much of them I need and switch it back to Lively as needed.

Just don’t touch it if you plan to use it in 5 months. Should have already had it invested.