And involved a fair bit of research to find an HSA admin I liked better, not common knowledge
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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
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Replying to @arthur_affect
Ppl who talk abt how IN THEORY 401ks and HSAs are free market systems have no idea how this works
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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
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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
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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
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Replying to @arthur_affect
(Example: the "easy" choice for 401k they give you is always the target date fund, Retire in 2050 or whatever)
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Replying to @arthur_affect
(Which sure fine but that one always no fail has the biggest expense ratio, sometimes by a factor of like 10-20)
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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)
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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
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Like 95% of the time doing exactly what all the rest of the stock market does and 5% of the time moving some shit around to charge you fees
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Replying to @arthur_affect
So one time I lucked into a financial windfall (long story) and did a deep dive on investing
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Replying to @arthur_affect
And learning abt just how much of the investment market is charging ppl to do nothing & claiming it's for their own good
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