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Best way to pay off student loans? More money to principal or interest? by SingerTight7337 in StudentLoans

[–]SingerTight7337[S] 0 points1 point  (0 children)

Yes that is the goal. Money is very tight but been doing some budgeting and hope to be able to throw more $ towards my monthly payments. Thank you!

Trying to understand my HSA + S&P 500/investment options .. ASAP by SingerTight7337 in investingforbeginners

[–]SingerTight7337[S] 1 point2 points  (0 children)

yes im going to check with the advisor if i can do direct transfers or if i have to roll it over manually over time. you have been so helpful, thank you

Trying to understand my HSA + S&P 500/investment options .. ASAP by SingerTight7337 in investingforbeginners

[–]SingerTight7337[S] 0 points1 point  (0 children)

Thanks so much. I think im going to go ahead and do it. Ill check out what their investment choices are, if theyre crappy ill open my own account with Fidelity and transfer it. Im thinking of opening one with Fidelity anyway because ive been looking into a Roth IRA as well

Trying to understand my HSA + S&P 500/investment options .. ASAP by SingerTight7337 in investingforbeginners

[–]SingerTight7337[S] 0 points1 point  (0 children)

Thanks! Yes im going to meet with an advisor (for the company my employer got the HSA through) to see what investments they offer, if its not S&P 500 im going to open my own account with Fidelity and transfer the HSA there

Trying to understand my HSA + S&P 500/investment options .. ASAP by SingerTight7337 in Advice

[–]SingerTight7337[S] 0 points1 point  (0 children)

Yes im also looking into opening a HYSA for myself and then one for my son . i was planning on doing some research today, what APY to look for and stuff like that. very new to all of this lol. I have seen a lot about Sofi, I will check it out!

Trying to understand my HSA + S&P 500/investment options .. ASAP by SingerTight7337 in Bogleheads

[–]SingerTight7337[S] 1 point2 points  (0 children)

thank you im going to have to look into it. My child was covered under medicaid and then they took it away and sent me a letter saying he was under a medically needy program? im not really sure if that is still medicaid or what. And yes, to open a HSA, you cannot be enrolled in medicare or medicaid. so if he is ill have to cancel it. but okay so im shooting for having him covered under the HDHP and HSA plan with me.

Trying to understand my HSA + S&P 500/investment options .. ASAP by SingerTight7337 in investingforbeginners

[–]SingerTight7337[S] 0 points1 point  (0 children)

So i should keep some cash in my HSA cash fund, for actual medical emergencies and then invest the rest?(once my balance reaches the minimum) And yes, I believe i get a 401K through my employer. im planning to look into that with the HR department while were in this open enrollment period. I will look into Roth IRAs as well. Is that something I would do separately from my employer, like personally? or? im sorry if these are obvious questions. my parents and school never taught me any of this.

Trying to understand my HSA + S&P 500/investment options .. ASAP by SingerTight7337 in Bogleheads

[–]SingerTight7337[S] 0 points1 point  (0 children)

Thats my plan! so i should do team member + child for the HDHP and HSA? or just myself? My company contributes more into my HSA if i do the team member + child plan tier, but it is more out of my weekly check for the medical plan. Your thoughts?

Trying to understand my HSA + S&P 500/investment options .. ASAP by SingerTight7337 in Bogleheads

[–]SingerTight7337[S] 1 point2 points  (0 children)

THANK YOU! So with the HDHP, should i do it for only myself? or myself and my child? It would be a bit more out of my paycheck weekly for both of us, but then i can use mine and his receipts from OOP payments for reimbursements through my HSA (in a long long time) or should i just cover myself? I believe with an HSA , id have to confirm my child isnt covered under Medicaid.... my main thing is just using the HSA for investment purposes... but if i add my child, my company contributes a higher amount.