I have met the cash threshold amount to start investing my HSA. I have Optum Bank and have seen posts about not liking Optum Bank.
Optum Investment options:
- Mutual Funds from a specific fund list (see screen shot below) Not a lot of good options, I guess the only one I’d do is the 2060 TDIF.
- Betterment- Robo advisor with fees. I do not want to use this option because of the fees.
- Potentially something called “Schwab self-directed brokerage account” although I’m not sure what this, I don’t see on Optum a way for me to access this. I will have to call and ask what this is. <<< If this is available, maybe this is what I should pick to get better flexibility instead of opening Fidelity?
Question: is there a need for me to open a different HSA? I’ve seen people use Fidelity instead, but I’m not sure in my scenario I need to do that.
I have no monthly maintenance fee, I guess my employer pays it?
$20.00 per Outbound Transfer or Rollover to another HSA Custodian. Meaning every Fidelity transfer would cost $20
$1.50 Print charge for paper statements. I do not pay this since mine are electronic
And any fees paid on the Mutual Fund, which the ones I looked at below are in between .030-.080%
Is there something I’m missing or should be on the look out for?? Sounds pretty straight forward, unless there is a reason to once a year send money to Fidelity to invest in Fidelity funds??