HSA - Mutual Funds Investing

Investing
#1

Hi Jeremy,

I just opened an investment account inside my HSA with Mybenefitwallet and found out after that they charge a flat fee of $2.90/month for the account (regardless of the number of transactions or positions I hold). There are no transaction costs or load feels when I buy mutual funds.

Do you think that the fees are a little too high? Should I close the account or stick with it? Then move everything over to my Roth IRA when I leave the company?

Attached is a screenshot of the mutual funds I that I selected. The options were limited, but I stick with Vanguard as you normally recommend. What do you think of my selection?

Screen Shot 2020-07-16 at 9.16.35 PM

Thanks,
Greg

#2

Hey Greg!

If that’s the vendor that’s working with your employer, I probably wouldn’t bother. Hitting you for 3 bucks a month is a little annoying, but for the amount of time and hassle it would require to fight to use a vendor not set up already for you, it’s not an efficient use of your time.

Those look like great investment options! I would stick with them, and worry about transfering things when you leave that company! :slight_smile:

Jeremy

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#3

Hey Jeremy!

Thanks! I appreciate the feedback. This site truly rocks!

Greg

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