As we all know HSA's aren't tax advantaged in CA the same way they are elsewhere. I know about the strategy that Californians have with regards to bonds and HSA's. I want to invest into something that will grow more than that. I'm thinking of just putting it into QQQM or BRK-B. Maybe both, although that might be more annoying with tracking.
My question is this: what should I expect in terms of having to track my HSA manually? With dividend reinvestment turned off (for QQQM since BRK-B doesn't give them), how much of a pain in the ass are we talking about here?
I'm willing to do it, but I want to hear from Californians who aren't doing the bond method. I want to know what it's like and if you have any advice.
I'm using Fidelity HSA. I've heard that turbo tax has a feature specifically for Californians and HSA's that does help a bit. I called Fidelity and was told they do give us some document to help with tracking that.
My question is this: what should I expect in terms of having to track my HSA manually? With dividend reinvestment turned off (for QQQM since BRK-B doesn't give them), how much of a pain in the ass are we talking about here?
I'm willing to do it, but I want to hear from Californians who aren't doing the bond method. I want to know what it's like and if you have any advice.
I'm using Fidelity HSA. I've heard that turbo tax has a feature specifically for Californians and HSA's that does help a bit. I called Fidelity and was told they do give us some document to help with tracking that.
Statistics: Posted by Tav88 — Sat Jan 27, 2024 8:24 pm — Replies 0 — Views 24