How to invest HSA at Bofa
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How to invest HSA at Bofa
Hello,
I have an HSA account at Merrill about $18000
I would like to invest within Merrill, what are some options
available to invest within Merrill. Appreciate your inputs
Thanks
I have an HSA account at Merrill about $18000
I would like to invest within Merrill, what are some options
available to invest within Merrill. Appreciate your inputs
Thanks
Last edited by pmorgan2020 on Fri Jun 23, 2023 6:48 pm, edited 1 time in total.
Re: How to invest HSA at Merrill
My HSA is at Fidelity, where I can invest in basically whatever is available through a brokerage account. Is that how an HSA works at Merrill?
Also, is your HSA will Merrill Edge or the full service Merrill Lynch brokerage?
Also, is your HSA will Merrill Edge or the full service Merrill Lynch brokerage?
Re: How to invest HSA at Merrill
Merrill is your HSA provider? Are you sure its not Bank of America?
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Re: How to invest HSA at Merrill
Sorry for the late reply. You are right its Bofa, can I still invest?
Re: How to invest HSA at Merrill
It appears you can. Here are some web pages for BoA HSA:pmorgan2020 wrote: ↑Fri Jun 09, 2023 6:52 pm Sorry for the late reply. You are right its Bofa, can I still invest?
- FAQ: https://healthaccounts.bankofamerica.co ... -faq.shtml
- https://healthaccounts.bankofamerica.co ... ents.shtml
- some investment options: https://healthaccounts.bankofamerica.co ... nsumer.pdf (note if your HSA at BoA is under your employers plan, the options may be different from that list)
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Re: How to invest HSA at Merrill
Thank You!
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Re: How to invest HSA at Bofa
I am little confused which one to pick from the available list below to invest within my HSA. I would like to just set it and
forget it.Appreciate inputs
https://healthaccounts.bankofamerica.co ... nsumer.pdf
forget it.Appreciate inputs
https://healthaccounts.bankofamerica.co ... nsumer.pdf
Re: How to invest HSA at Bofa
The S&P500 fund or VTWAX look like good options to me if you want 100% stocks.
Otherwise Vanguard Life strategy (fixed stock/bond ratio) or Vanguard target date (stock/bond glide path) are good too if you want some bonds in an all-in-one type fund.
Otherwise Vanguard Life strategy (fixed stock/bond ratio) or Vanguard target date (stock/bond glide path) are good too if you want some bonds in an all-in-one type fund.
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Re: How to invest HSA at Bofa
First, sort the choices by expense ratio. Remove all of the funds with expense ratios >0.2% from consideration.
Otherwise do this... (or put all in a total bond market fund)
+1, if it's used as a long-term account (e.g. part of your retirement portfolio)The S&P500 fund or VTWAX look like good options to me if you want 100% stocks.
Otherwise do this... (or put all in a total bond market fund)
Otherwise Vanguard Life strategy (fixed stock/bond ratio) or Vanguard target date (stock/bond glide path) are good too if you want some bonds in an all-in-one type fund.
Make sure you check out my list of certifications. The list is short, and there aren't any. - Eric 0. from SMA
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Re: How to invest HSA at Bofa
Thanks a lot for your inputs, I am planning this for long term retirement only, I will go with the VTWAX