tag:blogger.com,1999:blog-8529580665294663953.post2123331452056988048..comments2023-10-27T04:26:57.609-07:00Comments on InvestorCentric: Investment And Health Savings Accounts (HSAs)NuWire Investorhttp://www.blogger.com/profile/02512928198926080436noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-8529580665294663953.post-60705353719224446672008-04-19T10:30:00.000-07:002008-04-19T10:30:00.000-07:00This is why I currently have my HSA funds in an hi...This is why I currently have my HSA funds in an high-interest, no-fee checking account with a credit union. With Alliant Credit Union, I earn 5.10% APY and my money is FDIC-insured. You'd be a complete fool to put your HSA money in the stock market right now, especially given the recent volatility and talk of a possible upcoming deep recession. But, being able to put one's funds in the stock market is not a "drawback". Hardly so! It can be a wise choice for someone who clearly knows what they're doing. Like any investment account, you must diversify and manage risk. So, the problem is not with HSAs or investment accounts. The problem is with people who make bad decisions. If anything, HSAs are the best way to go because they put you in the driver's seat. You keep YOUR money and you don't let the government give it up to bureaucracy and insurance fraudsters billing for $100 toilet paper and $5,000 hospital beds.Anonymousnoreply@blogger.com