Author Topic: HSA options  (Read 1222 times)

hope2retire

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HSA options
« on: December 01, 2019, 11:30:47 AM »
Hi All,
I recently got access to HSA account and I have put 100% in sp500 in ishares WFSPX. I also have old account where i had put in vtsax. Comparatively, this is not great as vtsax is $70-$80 per share, but this one is $375. Also wanted to diversify in others. Can you help me on this. right now i am not dependent on this money but would like to know which one of the below has more value per dollar. Please help me set this up diversify. If i have to blindly diversify i take all the options and split is equally, but not sure that is good.


FUND NAME   TICKER   BALANCE   CURRENT %   NEW %
AMERICAN CAP WRLD GR & INC F2   WGIFX   $0.00    0%   %
AMERICAN INTL GRW AND INCM R6   RIGGX   $0.00    0%   %
BLACKROCK EQUITY DIVIDEND CL K   MKDVX   $0.00    0%   %
BLACKROCK HIGH YIELD BOND   BRHYX   $0.00    0%   %
CARILLON SCOUT MID CAP FUND R6   CSMUX   $0.00    0%   %
CLEARBRIDGE SMALL CAP GROW IS   LMOIX   $0.00    0%   %
CLEARBRIDGE APPRECIATION IS   LMESX   $0.00    0%   %
COHEN STEERS GLOBAL REALTY Z   CSFZX   $0.00    0%   %
COLUMBIA MID CAP INDEX INST   NMPAX   $0.00    0%   %
COLUMBIA SMALL CAP INDEX INST   NMSCX   $0.00    0%   %
HARTFORD SCHRODERS EMG MKTS EQ   SEMTX   $0.00    0%   %
ISHARES MSCI TOTAL INTL IDX K   BDOKX   $0.00    0%   %
ISHARES S&P 500 INDEX CL K   WFSPX   $1000    100%   %
ISHARES US AGG BOND INDEX CL K   WFBIX   $0.00    0%   %
MAINSTAY LARGE CAP GROWTH CL I   MLAIX   $0.00    0%   %
NORTHERN GLBL SUSTAIN IDX   NSRIX   $0.00    0%   %
NUVEEN SMALL CAP VALUE FUND R6   FSCWX   $0.00    0%   %
PIMCO COMMODITY REAL RET STR I   PCRIX   $0.00    0%   %
PIMCO LOW DURATION FUND CL I   PTLDX   $0.00    0%   %
PIMCO TOTAL RETURN FUND CL I   PTTRX   $0.00    0%   %
VANGUARD FTSE SOCIAL INDEX ADM   VFTAX   $0.00    0%   %
VANGUARD INFLTN-PROTD SECS ADM   VAIPX   $0.00    0%   %
VANGUARD LIFESTRATEGY GROW INV   VASGX   $0.00    0%   %
VANGUARD LIFESTRT CNSRV GR INV   VSCGX   $0.00    0%   %
VANGUARD LIFESTRTGY MOD GR INV   VSMGX   $0.00    0%   %
VANGUARD TARGET RET 2015 INV   VTXVX   $0.00    0%   %
VANGUARD TARGET RET 2020 INV   VTWNX   $0.00    0%   %
VANGUARD TARGET RET 2025 INV   VTTVX   $0.00    0%   %
VANGUARD TARGET RET 2030 INV   VTHRX   $0.00    0%   %
VANGUARD TARGET RET 2035 INV   VTTHX   $0.00    0%   %
VANGUARD TARGET RET 2040 INV   VFORX   $0.00    0%   %
VANGUARD TARGET RET 2045 INV   VTIVX   $0.00    0%   %
VANGUARD TARGET RET 2050 INV   VFIFX   $0.00    0%   %
VANGUARD TARGET RET 2055 INV   VFFVX   $0.00    0%   %
VANGUARD TARGET RET 2060 INV   VTTSX   $0.00    0%   %
VANGUARD TGT RETIREMNT INC INV   VTINX   $0.00    0%   %
VAN TOTAL WORLD STOCK IDX ADM   VTWAX   $0.00    0%   %
VOYA SMALL COMPANY R6   VYSEX   $0.00    0%   %

Thanks
H2R

seattlecyclone

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Re: HSA options
« Reply #1 on: December 01, 2019, 11:43:33 AM »
The per share price of an index fund is completely irrelevant in any account that lets you buy fractional shares. You seem to have a number of nice low-cost index options. Which one to pick will depend on your preferred asset allocation, but that S&P 500 fund looks like a reasonable option if you want to invest in US stocks.

MDM

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Re: HSA options
« Reply #2 on: December 01, 2019, 03:42:09 PM »
Please help me set this up....
The post is missing one of the most important columns: the annual fee for each fund.  This should be on the order of 0.1% but can vary widely.  You have some of the "usual suspects" for good choices but it depends on what, if any, charges the HSA administrator is adding.

hope2retire

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Re: HSA options
« Reply #3 on: December 28, 2019, 08:54:07 PM »
Thanks Seattlecyclone and MDM. Sorry for the really really late reply. Running into lots of problems with this account, as I just found out the over contribution based on the non-covered months with HDHP. So i had to do a excess removal form. Anyway, hope to reply with more information in the coming weeks.

Sorry for the late response

thanks
H2R



seattlecyclone

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Re: HSA options
« Reply #4 on: December 29, 2019, 10:18:09 AM »
Thanks Seattlecyclone and MDM. Sorry for the really really late reply. Running into lots of problems with this account, as I just found out the over contribution based on the non-covered months with HDHP. So i had to do a excess removal form. Anyway, hope to reply with more information in the coming weeks.

Sorry for the late response

thanks
H2R




Are you aware of the "last month rule" for HSAs? It says that if you're covered by a qualifying health plan for December you can make a full-sized contribution for that year as long as you maintain qualifying coverage through the end of the next year. Your distribution of excess contributions may not have been necessary after all.

hope2retire

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Re: HSA options
« Reply #5 on: December 29, 2019, 08:18:37 PM »
Holy Crap. I did not know it. Too late, i already withdrew the excess. Facepunch. i should have asked here first. One of my colleagues told me of non-covered months should not contribute to HSA. Oh well, learnt about this new rule now. Thanks seattlecyclone. Learning something new everyday.

MDM

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Re: HSA options
« Reply #6 on: December 29, 2019, 08:27:24 PM »
Holy Crap. I did not know it. Too late, i already withdrew the excess.
You can make contributions to your HSA for [a given tax year] until April 15, [of the next year].

If you do want to use the last month rule, be reasonably sure that you will remain eligible for the entire next year.  If you don't remain eligible, you'll owe an extra 10% in addition to the tax on the then non-deductible amount.