u/answersareoutthere

Wife has an HSA through Health Equity.

Curios if anyone has transferred their HSA to Fidelity? What was your experience? We have a brokerage, IRA and 2 Roth IRAs with Fidelity.

Can the Fidelity HSA store receipts for reimbursement in the future? I’m thinking of using the HSA as a retirement strategy. No reason to explain the rabbit hole of the HSA retirement strategy. If Fidelity would be able to store my receipts for years and then reimburse me years from now would be my biggest reason for transferring the HSA. Wife’s employer has moved the HSA to another provider one time before. Lost all the saved receipts in that system.

I do have a system set up for all my saved receipts but I like the idea of receipts stored with the HSA provider for simple reimbursement in the future. Trying to implement a system that will be easy for me, my wife or child to get reimbursed in the future when the time comes.

We have a portion invested in our HSA with an S$P 500 fund currently. It sounds like would have to sell those before transfer.

We would have to keep the Health Equity because that is where employer deposits contributions. Anyone deal with the annoyance of having 2 HSAs? Do you think it is worth having 2 HSAs?

After writing this I am leaning towards leaving the HSA as is. But if anyone has any thoughts I would like to hear it.

My wife and I (46 years old)switched to self directed retirement planning for all our accounts this year. I am trying gain understanding for planning in the future. I have come across one information nugget I have never heard or been told before: ERISA protects your 401k from just about any lawsuit/judgement that you may face.

I understand there are very few minor exceptions but not worried about those. Currently live in MI, not sure if we will retire here or move.

We have an IRA, 2 Roth IRA, brokerage account and my wife has a 401K and 401 Roth. We will have over $1.5MM in these accounts at retirement (60-65) and that appears to be over MI limit that the state will protect. If we can keep the employer sponsored 401k at retirement we will have a lot of the money protected from lawsuits depending on where we retire.

Has anyone kept your employer sponsored 401K in retirement to protect that money from lawsuits?

How much of a hassle has it been to keep that account open?

What are your transactions like to actually pull money out, rebalance 401K or other things that are easy to do while working at the company?

Can you talk to HR with any concerns about 401k? Are you left on your own?

Did you decide to rollover your 401k to an IRA at retirement to make things easier for you?

Other thoughts or concerns?

Looking for some real world experience people have had with this. We have years till retirement and want to learn more things since our former FA never really taught us as much as I am learning by myself.

Thanks for any insight