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HSA was moved and now all in cash- what would you with it?
Posted on 2/6/24 at 9:56 am
Posted on 2/6/24 at 9:56 am
Wife left her employer and we moved HSA to a place where we could do more than mutual funds from the employer held place. In the transfer, it sold our positions in the mutual funds, which I don't actually hate since the market is so high.
Have about 55k in it. Just not sure where to allocate it all or even if I should just park it in the cash for now and wait for a day of bad news then go all in.
Have about 55k in it. Just not sure where to allocate it all or even if I should just park it in the cash for now and wait for a day of bad news then go all in.
6
Posted on 2/6/24 at 9:59 am to Billy Blanks
Time horizon is 25- 30 years.
Posted on 2/6/24 at 10:20 am to Billy Blanks
Does she still have a high deductible health policy which allows her to continue contributing to this (or another) HSA?
The only reason I ask that is because she may want to keep at least enough in cash to cover the annual deductible. That’s the situation I’m in, and what I’m doing.
My time horizon isn’t as long as hers, but I do treat my HSA much like I do my Roth account: I’ve invested in equities and ETFs that provide the greatest amount of beta, but are not overly speculative. And I also sell cash covered puts (on stocks that I’m willing to hold longer term), covered calls and spreads to generate additional returns.
The only reason I ask that is because she may want to keep at least enough in cash to cover the annual deductible. That’s the situation I’m in, and what I’m doing.
My time horizon isn’t as long as hers, but I do treat my HSA much like I do my Roth account: I’ve invested in equities and ETFs that provide the greatest amount of beta, but are not overly speculative. And I also sell cash covered puts (on stocks that I’m willing to hold longer term), covered calls and spreads to generate additional returns.
Posted on 2/6/24 at 11:03 am to Billy Blanks
quote:
Have about 55k in it. Just not sure where to allocate it all or even if I should just park it in the cash for now and wait for a day of bad news then go all in.
quote:
Time horizon is 25- 30 years.
Just buy something like IWY or QQQM and check back in 30 years.
Timing is useless, especially over that time frame.
ETA- long term growth is the ideal solution for HSA funds assuming you’re paying healthcare expenses out of pocket
This post was edited on 2/6/24 at 11:52 am
Posted on 2/6/24 at 1:29 pm to Jag_Warrior
quote:
Does she still have a high deductible health policy which allows her to continue contributing to this (or another) HSA?
The only reason I ask that is because she may want to keep at least enough in cash to cover the annual deductible. That’s the situation I’m in, and what I’m doing.
My time horizon isn’t as long as hers, but I do treat my HSA much like I do my Roth account: I’ve invested in equities and ETFs that provide the greatest amount of beta, but are not overly speculative. And I also sell cash covered puts (on stocks that I’m willing to hold longer term), covered calls and spreads to generate additional returns.
We're doing cobra and able to self fund for one year.
Then who knows. Depends on the plan options.
Posted on 2/6/24 at 3:47 pm to Billy Blanks
Sit tight for now...after the election..6 month CD
Posted on 2/6/24 at 3:59 pm to Billy Blanks
NVDA !
Posted on 2/6/24 at 4:06 pm to slackster
quote:
QQQM and check back in 30 years.
4 years ago QQQM did not even exist, I wonder if it will make it 30 years.
Posted on 2/6/24 at 4:11 pm to DarthRebel
quote:
4 years ago QQQM did not even exist, I wonder if it will make it 30 years.
FSKAX
Posted on 2/6/24 at 5:17 pm to DarthRebel
quote:
4 years ago QQQM did not even exist, I wonder if it will make it 30 years.
why wouldn’t it? It’s just a cheaper version of the Nasdaq 100 ETF QQQ. 
Posted on 2/6/24 at 5:36 pm to Billy Blanks
quote:
she may want to keep at least enough in cash to cover the annual deductible. That’s the situation I’m in, and what I’m doing.
Better to pay out of pocket if you can afford to and stay fully invested as long as possible. Keep receipts and take qualified withdrawal at any point later.
OP, I wouldnt sit on sidelines waiting for a dip. The market goes up over time and has more up days than down. The longer you sit more likely you buy in higher.
Posted on 2/6/24 at 7:22 pm to Billy Blanks
PUT IN CELSIUS! 10% PROMISED RETURN!
ZERO RISK!
DO IT NOW!
HURRY!
ZERO RISK!
DO IT NOW!
HURRY!
Posted on 2/7/24 at 9:28 am to Billy Blanks
quote:
Wife left her employer and we moved HSA to a place where we could do more than mutual funds from the employer held place.
Is the HSA now with a company like Lively, or some other company that gives you direct access to brokerage services? If that’s the case, like I said, you’ll have the same investment and trading options (no pun intended
) as with any other tax advantaged account. As someone above said, yes, definitely keep medical related receipts (whether you pay out of pocket or use the HSA to pay). I prefer to pay expenses out of pocket and don’t use the HSA funds. But on new accounts, Lively now requires you to maintain a certain cash balance in order to avoid fees.
Posted on 2/7/24 at 9:31 am to Jag_Warrior
quote:
Is the HSA now with a company like Lively, or some other company that gives you direct access to brokerage services? If that’s the case, like I said, you’ll have the same investment and trading options (no pun intended ) as with any other tax advantaged account.
As someone above said, yes, definitely keep medical related receipts (whether you pay out of pocket or use the HSA to pay). I prefer to pay expenses out of pocket and don’t use the HSA funds. But on new accounts, Lively now requires you to maintain a certain cash balance in order to avoid fees.
No, I moved it out and into Fidelity.
Posted on 2/7/24 at 10:23 am to Billy Blanks
OK, although I’m not as familiar with Fidelity, I'm assuming that you should have the same investment and trading options as a company like Lively has with its TDA/Schwab arrangement. Do you know if Fidelity requires you to keep a certain $ amount in cash?
Posted on 2/7/24 at 6:29 pm to Jag_Warrior
I have a probably dumb question. My current employer has our HSA set-up with a local bank that does not allow for investments. Is there any reason I couldn’t open up an HSA through Lively instead and just give the account info to HR to make monthly pre-tax contributions?
Posted on 2/7/24 at 8:24 pm to Riverside
The only hang up would be if your employer matches or contributes to your HSA, as my previous employer did. To get around that, I left the account open that the employer established (just to get their contribution), and I’d transfer funds out of the account once or twice a year into the Lively account that I’d established. Once I left that employer, I transferred the entire balance into my Lively account.
Posted on 2/7/24 at 9:02 pm to Billy Blanks
quote:FBTC
Time horizon is 25- 30 years.
Posted on 2/20/24 at 8:52 pm to Jag_Warrior
I moved my HSA to Fidelity last year. I also moved my 401k plan into a rollover IRA at Fidelity in 2019. Fidelity is the best investment company . I have self- invested with Schwab , TD, Merrill Lynch and Vanguard for 30 years. No minimum amount of cash is required. If you have a 30 year horizon, you need to be in 100% stocks. Good luck
Posted on 2/22/24 at 4:48 pm to Jag_Warrior
quote:
I prefer to pay expenses out of pocket and don’t use the HSA funds.
Someone please educate me on the benefit of this approach.
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