The Lively HSA
Moderator: Global Moderator
- Kriegsspiel
- Executive Member
- Posts: 4052
- Joined: Sun Sep 16, 2012 5:28 pm
Re: The Lively HSA
It looks like the Fidelity HSA is the best one right now, with no account fees and no commission fees. Well, none for the ETFs I am looking at. Any disagreement?
You there, Ephialtes. May you live forever.
Re: The Lively HSA
You've got it right. As much as I like Lively's customer service, the TDA stable of ETFs is definitely second-tier, and I wonder if they manage to survive.Kriegsspiel wrote: ↑Fri Sep 06, 2019 7:48 am It looks like the Fidelity HSA is the best one right now, with no account fees and no commission fees. Well, none for the ETFs I am looking at. Any disagreement?
- Kriegsspiel
- Executive Member
- Posts: 4052
- Joined: Sun Sep 16, 2012 5:28 pm
Re: The Lively HSA
Actually, I still have mine at HSA Bank. I'm leery of hopping from one HSA to another because of the costs associated with it (the account closing fee at HSA Bank is $25), but I figure that Fidelity's should be around for the long haul. I can only hope they don't change their fee structure and make me want to hop again, ad nauseum.
You there, Ephialtes. May you live forever.
Re: The Lively HSA
Heaven just played a trick on me, my BP pension is leaving Fidelity! Well, still have other accounts there.
Re: The Lively HSA
I have a $100 cashless taxable HBPP at TD Ameritrade now, LOL.
Sophie, it looks like it will be about a month end-to-end, cash transfer. There's a way to cut a couple of days off of the wait that isn't advertised:
- Scan Fidelity's HSA transfer form, and attach it to a Secure Message. I was told they can handle it from there. No need to mail the form to Cincinnati, or travel to a Fidelity storefront
- Lively won't let you tick the "transfer all" box on the Fidelity form yet leave the account open. To them "transfer all" means close the account. They were going to close everything and cause TD Ameritrade trading fees to be levied, because I had some ETF shares that hadn't been help 30 days. At least they had the sense to contact me, and I changed the transfer to a partial amount, and TD is open for now.
It's just as well. The Fidelity ETFs are better, no gotcha fee if you trade within 30 days, and no schelpping cash between front-of-house and back-of-house. I'll be glad when Fidelity has the money. They I will rebuy my gold shares possibly at a lower price. Here's hoping.
Re: The Lively HSA
I can only hope it goes more smoothly for you than it did for me.
Be warned that Lively will block the transfer multiple times asking via Fidelity for a phone call from you to "confirm", because apparently they don't think the printed, signed form is sufficient. I think I went for about 3 rounds of that on top of a whole separate set of issues with TDA. HSAs for investment purposes have been well proven as far as setting up and maintaining accounts, but not so much when it comes to actually getting your money out again! Slight problem there!
Be warned that Lively will block the transfer multiple times asking via Fidelity for a phone call from you to "confirm", because apparently they don't think the printed, signed form is sufficient. I think I went for about 3 rounds of that on top of a whole separate set of issues with TDA. HSAs for investment purposes have been well proven as far as setting up and maintaining accounts, but not so much when it comes to actually getting your money out again! Slight problem there!
Re: The Lively HSA
Lively to Fidelity transfer done. Moving cash only took a month.
Re: The Lively HSA
Glad to hear it!
Selling out of TDA to simplify the transaction was a good move. Also, it's possible that my problem with Lively wasn't usual.
Selling out of TDA to simplify the transaction was a good move. Also, it's possible that my problem with Lively wasn't usual.
Re: The Lively HSA
I rebought my old shares at the same price so that was good
Re: The Lively HSA
If Schwab buys TD Ameritrade today then Lively HSA gets thrown under the bus, because Schwab has no HSA offering... It will go from being the Lively HSA to the Dead HSA, unless Schwab begins offering HSAs.
Re: The Lively HSA
TD owns Wrigley?