Hoping for some advice here. My employer offers a health plan with an HSA, with the caveat that the bank managing the employee contributions keeps the money in a savings account that only returns about 0.5% per year.
For context, I currently contribute the maximum allowed $18,000 per year to my 403(b) and $5,500 to my Roth IRA. So, my two options are:
-reduce my tax burden by $3,400 for the year
-purchase roughly an additional $2,500 of VTSAX
If the HSA custodian would allow me to choose Vanguard Index funds for my contribution, as recommended in an article by the Mad Fientist, this would be a no brainer.
However, as the money is essentially just sitting there, is reducing my tax burden worth missing out on the return I'd potentially receive from buying more VTSAX?
Thanks for the help!