The last time I had a Wells Fargo acct I had no choice bc my employer contracted with them to provide my HSA https://twitter.com/hhavrilesky/status/806638599949012992 …
-
This Tweet is unavailable.
-
Replying to @arthur_affect
When ppl ask "How do big banks compete against local credit unions despite being often more expensive and worse" it's shit like that
1 reply 2 retweets 5 likes -
Replying to @arthur_affect
Oh and after I left my job I was able to move the money out of the WF HSA but it was a very confusing and annoying process
3 replies 2 retweets 0 likes -
Replying to @arthur_affect
And involved a fair bit of research to find an HSA admin I liked better, not common knowledge
1 reply 2 retweets 0 likes -
Replying to @arthur_affect
And WF did turn up the heat trying to sell me on how much easier it would be to have my primary bank acct and my HSA in the same place
2 replies 1 retweet 1 like -
Replying to @arthur_affect
Ppl who talk abt how IN THEORY 401ks and HSAs are free market systems have no idea how this works
1 reply 1 retweet 6 likes -
Replying to @arthur_affect
Same ppl who would've said not wanting to make HSA contributions was just shortsighted ignorance, before the WF scandal came out
1 reply 0 retweets 3 likes -
Replying to @arthur_affect
I consider myself an annoyingly wonky person and I found the crap abt "Here's how to allocate your HSA investments" too hard to deal with
1 reply 0 retweets 3 likes -
Replying to @arthur_affect
And they think the future of health care and retirement is forcing all Americans to try to reckon w Wall Street marketing materials
1 reply 0 retweets 4 likes -
Replying to @arthur_affect
(Example: the "easy" choice for 401k they give you is always the target date fund, Retire in 2050 or whatever)
1 reply 0 retweets 3 likes
(Which sure fine but that one always no fail has the biggest expense ratio, sometimes by a factor of like 10-20)
-
-
Replying to @arthur_affect
(They know you're terrified of fucking up so they can price the "easy" option for "non-investors" as ridiculously as they want)
3 replies 0 retweets 3 likes -
Replying to @arthur_affect
You end up paying literal thousands of dollars to Wall Street managers to do effectively nothing while a computer closet-indexes your money
1 reply 0 retweets 6 likes - Show replies
New conversation -
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.