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Many investment platforms — including Charles Schwab, SoFi and Fidelity — allow you to start investing with as little as $1, making it easy to join the market with a small amount.
Instead, he recommended treating your HSA like a retirement account by investing your funds in a low-cost, broad-market index fund long term. “This is how some people are able to have hundreds ...
Online U.S. stock and ETF trades are commission-free, but there may be underlying fees for certain investments. Fidelity also has fund options that are just for Fidelity HSA customers.
Fidelity Investments, formerly known as Fidelity Management & Research (FMR), is an American multinational financial services corporation based in Boston, Massachusetts.. Established in 1946, the company is one of the largest asset managers in the world, with $5.8 trillion in assets under management, and $15.0 trillion in assets under administration, as of September 2024
If you’re using HSA money for other expenses, you’ll be taxed at your ordinary income tax rate. Essentially, this will mean the account works like a 401(k).
When you take money from an HSA to pay qualified healthcare expenses–including medical, dental, hearing, and vision care costs–your contributions and account earnings are entirely tax-free.
Here’s an overview of how health savings accounts work and how you can open one.
Remember that this money is first intended to help with the costs you’ll pay because of your high-deductible health plan, so taking on too much risk with your investments could mean that the ...