Health Savings Account (HSA): How Do I Invest It?
The Health Savings Account (HSA) is an amazing tool that a lot of people have been talking about. It is meant to help you save money on insurance and make your life simpler, maybe even help you be healthier. A Health Savings Account is an investment. You may not have thought of it that way, but it is. When you open your HSA, your insurance agent or financial advisor will ask you "How do you want to invest this?" Your answer to that question might mean the difference between having money for that emergency operation or not having it. There isn't room here for a big explanation of investing principles, but I can tell you that there are volatile investments and stable investments. A volatile investment would be putting money into a fast-moving stock on the stock market. One day it's up, the next day it takes a dive. The most stable investment is a bank account. You get paid a certain interest rate and that's that. No volatility. And not much benefit either, because the interest rate will be quite small. My recommendation to you is to invest your HSA money into a bond mutual fund. Bonds are a special type of investment that are less risky than stocks, but more beneficial than a bank account. By investing in a bond mutual fund, you'll have a steady rate of growth with no big up's or down's. Some months your investment might go down a little, but it won't be dramatic. And, over time, you'll beat that bank account interest by several percentage point. Bond mutual funds are your best option for HSA investment. Ask your HSA custodian if they offer this type of investment for their HSA. If they don't, shop around until you find one who does. If you cannot find someone offering a bond mutual fund, then stick with a money market account. That is your second-best choice. You want something very stable, because you never know when you'll have to tap into that money. Healthcare emergencies don't give us advance notice, do they? Health Savings Accounts will change how we think of healthcare. They are the key to fixing the current healthcare crisis in America, and they will help your small business, self-employment or individual healthcare situation. Daryl Kulak is the author of the book "Health Insurance Off the Grid - A Wonderful Way to Use Alternative Medicine and Save Money on Insurance Using the New Health Savings Account (HSA)." The book is available for sale as an e-Book or paperback at the Website http://www.healthoffthegrid.com
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Something in the way he livedNewsday, NY - 3 hours agoBY ROBERT KAHN | robert.kahn@newsday.com A Hofstra University professor who studied yoga with George Harrison leads a tribute concert to the late Beatles ... |
Teacher uses yoga to inspire studentsSun-Sentinel.com, FL - 3 hours ago"Yoga is a powerful tool to help students and teachers relieve stress and gain inner strength and concentration," she said. "The sessions are brief, ... |
Yoga in a chairLouisville Courier-Journal, KY - 2 hours agoBy Darla Carter • dcarter@courier-journal.com • November 20, 2008 If the idea of getting down on the floor to strike a yoga pose makes you say, "Ouch! ... |
Ventura Harbor Village hosts outdoor yogaVentura County Reporter, CA - 5 hours agoBy Alex Wilson 11/20/2008 Yoga enthusiasts mix their routines with sunshine, ocean air and views of sailboats gliding by during a series of “Gentle Outdoor ... |
Yoga Could be DangerousKUTV, UT - 13 hours agoAt first glance, yoga may look hard, even painful. And if you are not careful, you could really hurt yourself. Studies show that yoga can help you gain ... |
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