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HSA investment, TD Ameritrade

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  • Hank Hank 
    Moderator
    Status: Attorney
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    Joined: 03/27/2017
    Splash Refinancing Bonus

    Yes, it’s best to lump some at the start of the year and pay only one transaction fee.

    On the other hand, Fidelity now has an HSA that lets you invest everything with no minimum amount tied up in cash.

    #174944 Reply
    Tom Kazansky Tom Kazansky 
    Participant
    Status: Dentist
    Posts: 33
    Joined: 12/02/2017

    Catching up with this thread:

    We’re in process of transferring from HealthEquity to HSA Bank due to employer change.

    It looks like Devenir offers Vanguard funds.

    Is this a new development?  Is TD Ameritrade still the better option?

    #244270 Reply
    Tom Kazansky Tom Kazansky 
    Participant
    Status: Dentist
    Posts: 33
    Joined: 12/02/2017

    Looks like Devenir has 0.30 annual fee.

    Leaning toward using TD Ameritrade and investing in SPTM as advised earlier in thread.

    #244275 Reply
    Lordosis Lordosis 
    Participant
    Status: Physician
    Posts: 1862
    Joined: 02/11/2019

    I have HSA bank and was appalled by the options at Devenir.  I use TDA and buy SPTM.  However I learned that I can front load this account so I might do that next year and just buy VTI for a 1 time fee.

    “Never let your sense of morals prevent you from doing what is right.”

    #244308 Reply
    Tom Kazansky Tom Kazansky 
    Participant
    Status: Dentist
    Posts: 33
    Joined: 12/02/2017

    Thanks, Lordosis.

    Out of curiosity – what did you not like about the Devenir funds?

    They had Vanguard Target Date funds when I looked recently, as well as Vanguard REIT, SP 500, Intl etc.

    Just wondering if Devenir updated funds recently? And if they did, would that change anyone’s decision?

    However, 0.30 annual fee, plus ER (0.15 for target date fund) at Devenir sounds expensive compared to TD Ameritrade SPTM (0.03?)

     

    #244465 Reply

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