Taking Mr. Money Mustache's wise advice, I've recently starting maxing out my HSA contributions through my employer sponsored HSA BenefitWallet. My plan is to contribute the maximum $3,350 each year, and use the savings as a tax free investment account to use when I eventually retire and will likely have more medical expenses than I do now (I'm 32 years old, btw).
While I must maintain a $1,000 balance in the base account, I'm able to roll over any additional money into the investment side. I've maxed out my contribution of $3,350 for this year, so I have $2,350 to invest. The trouble is, I'm not exactly sure how to allocate my money amongst all of the mutual funds that are offered.
I see they have 2 Vanguard funds available, [VTSMX] VANGUARD TOTAL STOCKMARKET INVESTOR and [NAESX] VANGUARD SMALL CAP STOCK IND TRUST INV, which I was initially drawn towards due to their low management fees. However, I'm not sure if one is better than the other, or if I should split a certain percentage of my money between both. Or perhaps, there are others on this list I should consider? Any advice would be much appreciated!
Here is a complete list of all of the mutual fund options for reference:
https://mybenefitwallet.com/CMS/docs/default/Investment_Link.pdfThanks!!!
