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Do it’s important to spend all the cash in your well being financial savings account

December 10, 2021 by

The end of the year is only a few weeks away and it’s time to get your finances in shape for the new year. So do you have to spend all of the money in your HSA account?

CHARLOTTE, NC – With the year only weeks away, it’s time to prepare your finances for the new year. So do you have to spend all of the money in your health savings account or you will lose it?

We have seen many questions about the difference between a health savings account known as an HSA and a flexible spending account known as an FSA.

Although the two acronyms only differ in one letter, there is one important difference that pops up every December.

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THE QUESTION:

Do you have to spend all of your health savings account money by the end of the year?

OUR SOURCES:

THE ANSWER:

No, you don’t have to spend your health savings account by the end of the year, but you do need to use your FSA money by the end of the planned year.

WHAT WE FOUND:

First, let’s consider the difference between an HSA and FSA. According to Healthcare.gov, a health savings account is a type of savings account that allows you to set aside pre-tax money to pay for qualified medical expenses.

“It’s like a retirement account, but it’s used for medical expenses,” said Henry.

In the meantime, a flexible savings account is a special type of account that you deposit money into that you use to pay for certain healthcare expenses.

“Flexible expense accounts have a little more variety in what they can be used for as opposed to an HSA, which is usually medical expense,” said Henry.

Henry generally tells us that you must use the money with an FSA within the plan year. However, according to Healthcare.gov, your employer may allow an additional period to use these funds.

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“You don’t want to lose money, so you have to spend it and you will find something there to spend it on,” said Henry.

There is different things You can spend your FSA money on dental care, eye care, health checkups, and more.

In the meantime, Henry tells us that even if you move to another company, you can keep your HSA account for as long as you need it and you can use the money to pay for your family’s medical expenses.

“In the HSA, you multiply the money and don’t spend it every year,” he said. You can actually leave that employer and take the HSA with you, and it’s a health savings account that stays there all the time. “

Contact Meghan Bragg at mbragg@wcnc.com and follow her on Facebook, Twitter and Instagram.

TO VERIFY seeks to help the public distinguish between true and false information. The VERIFY team uses audience questions to track the spread of stories or claims that need clarification or correction. Have what you want CHECKED? Write to us at 704-329-3600 or visit /to verify.

Posted in HealthTagged Account, health, Money, savings, Spend

Report: Couple wakes up $50B richer after Chase mistakenly deposits cash into their checking account

July 4, 2021 by

STATEN ICELAND, NY – A Louisana couple woke up to multibillionaires last week after mistakenly depositing $ 50 billion into one of their bank accounts. ABC News reports.

According to the report, Darren James, a Baton Rouge real estate agent, and his wife noticed last Saturday that the large deposit had come into their Chase Bank account.

“This is not like a one-zero error or a two-zero error, this is someone who fell asleep with a keyboard mistake,” James told ABC News. “I was definitely excited. Really surprised how it got there and wondered if I had a rich uncle who gave it to me. “

The deposit, however, was a mistake on behalf of Chase Bank; the correct balance was restored on Tuesday, the report said.

James said he was concerned that his account might have been compromised, but he hadn’t heard from Chase Bank, ABC News reported.

Despite the large amount in his bank account, James said he never intended to spend any of it as it went against his “moral compass,” according to the report.

But if his family had been able to keep the money, James said they would have used it to “bless” others in need, the report said.

Posted in MoneyTagged 50B, Account, bank, chase, Couple, deposits, mistakenly, Money, report, richer, wakes

Cash Market Account vs. Financial savings Account: What’s The Distinction?

June 16, 2021 by

Money market accounts and savings accounts are both financial products that you can use to save and withdraw money.

  • A saving account is a financial product that allows you to deposit money and earn interest. They don’t come with checks or the ability to schedule bill payments.
  • A Money market account is very similar to a savings account, but offers a few more transactional features. Money market accounts allow you to deposit cash and earn interest, but they also usually allow a limited number of checks and bill payments each month.
saving account Money market account
Earns interest Yes Yes
ATM withdrawals Yes Yes
Unlimited withdrawals * No No
Check writing No Yes
Automated deposits possible Yes Yes
FDIC / NCUA insured Yes Yes

* The Federal Reserve has one “Provisional Final Rule” suspending Regulation D due to the economic conditions caused by the pandemic. This gave banks the ability to allow their customers more than the standard six maximum withdrawals and transfers each month. Check with your bank to clarify the withdrawal limit rules. many banks has not relaxed its policy despite the Fed ruling.

What is a savings account?

As an interest-bearing deposit account, a savings account is similar to a money market account in that there is no limit to deposits, but withdrawals are possible – up to six per month. Savings accounts are a good place to save your money and still have it available when you need it later. According to Bankrate data from the beginning of June, the average interest rate on savings accounts is only 0.06 percent, but the best savings accounts pay about 0.6 percent.

Savings accounts are a safe place to keep your savings. They are like a money market account through that Federal Deposit Insurance Corp. (FDIC) or National Credit Union Association (NCUA) up to $ 250,000 per account holder.

Advantages and disadvantages of savings accounts

advantages disadvantage
Interest-bearing Nominal interest income
ATM withdrawals allowed May be limited to six withdrawals or transfers per month
FDIC / NCUA insured Payments on bills and checks are not allowed

What is a money market account?

A money market account takes what works from a savings account, such as the ability to earn interest, and combines it with some of the features of a checking account, such as the ability to pay bills, make withdrawals, and write checks. There is no limit to the amount of money you can deposit into your money market and you can even schedule automatic deposits.

However, a money market account cannot completely replace a current account. Federal law limits the number of withdrawals or transfers you can make each month to six. If you want an interest-bearing account that you can use to pay a bills or two on occasion, a money market account is a great option.

According to Bankrate data from the beginning of June, the average interest rate on money market accounts is 0.07 percent. However, it is best money market accounts pay about 0.6 percent. You may find that money market accounts require a larger deposit amount to open the account or to earn the highest APY. If you want to deposit a smaller amount, a savings account may be a better option.

Remember, withdrawing and spending your money is easier with a money market account than with a savings account. If you want to make it harder to spend the money, a savings account can help you stay more disciplined than a money market account.

Advantages and disadvantages of money market accounts

advantages disadvantage
Interest-bearing Nominal interest income
Invoice payments and checks are allowed May be limited to six withdrawals or transfers per month
ATM withdrawals allowed May require a sizeable minimum deposit
FDIC / NCUA insured

You can choose between a money market account and a savings account

You don’t have to choose between a money market account and a savings account – you can have both. For example, you could have a savings account that you put money into for an upcoming trip or a down payment on a house, and a money market account that you keep some money in for you to be able to Write checks.

However, if you want to choose between a money market account and a savings account, here are some things to keep in mind.

Determine what the money will be used for

First, determine how the funds will be used. You might be interested in one Emergency fund, save for a Down payment for a house or pay for a vacation. Once you know your purpose for the money, review the pros and cons of each product to determine which is best for you. A savings account can be anything you need if you just want to save money for future use. Money market accounts are also great ways to save money for specific goals. However, since they allow you to write checks and bill payments, you can think of this account as more of a transactional account.

Compare fees and tariffs

See a bank or credit union’s fee schedule and pricing information to learn more about an account. You can find competitive interest rates on both savings accounts and money market accounts, So definitely go shopping.

Money market accounts may have higher minimum deposit and balance requirements. So think about whether you can deposit enough money to open the account and hold enough money to keep the account open.

open an account

Whether you open a savings account or a money market account, You will need some basic information. For your application you need an official ID, a social security number, a date of birth, an address and contact information.

You may need to make a minimum deposit to open the savings account or money market account. You will need the routing number and bank account number of the account you are sending money from.

Pay attention to fees

Some savings and money market accounts may charge you a monthly maintenance fee if you fail to meet certain conditions, such as: B. a minimum balance or at least one deposit per month. Make sure to follow the requirements of an account to avoid monthly fees that can hurt the growth of your savings. Or better yet, find a bank that doesn’t charge monthly fees.

Most savings and money market accounts are limited to six transfers or withdrawals per month, although your bank may have lifted this limit after the Federal Reserve’s decision. Check with your bank about the withdrawal limits of an account so that you do not exceed them, otherwise you may be charged excessive withdrawal fees.

Posted in MoneyTagged Account, Difference, market, Money, savings, Whats

BorgWarner expects EVs to account for nearly 50% of income by 2030

March 27, 2021 by

The CEO of auto parts supplier BorgWarner told CNBC on Friday that the company hopes almost 50% of its sales will be related to electric vehicles within the next decade.

For now, less than 3% Revenue for the Michigan-based company relates to electric vehicles.

“We assume that 30% of the vehicle will be battery-electric in 2030. This is already a bullish assumption. We assume that we will generate 45% of our sales,” said CEO Frederic Lissalde in an interview with Jim Cramer continue “Bad money.”

BorgWarner’s drive to grow its EV business is in line with the moves in the automotive industry. A number of electric vehicle startups have hit the public markets in the past few months, establishing titans like General Motors and ford have announced aggressive efforts to move away from internal combustion engines.

GM is planning it will only offer electric vehicles until 2035The company announced earlier this year that it would become climate neutral by 2040. In February, Crosstown’s competitor Ford announced its intentions invested almost twice as much in electric vehicles by 2025.

BorgWarner manufactures automatic transmissions and turbochargers, among other things. Both Ford and GM are customers, as are Volkswagen and Stellantis, who make Jeep and Dodge vehicles.

BorgWarner is investing heavily in growing its EV business and plans to spend around $ 8 billion on the effort by 2025, Lissalde told Cramer, “We’re funding this pivot ourselves.”

“It’s going in the direction of electrification, we at BorgWarner think that’s really profound. It is going at different speeds and in different regions, but it is profound. Both for light vehicles and commercial vehicles,” he added.

BorgWarner’s shares rose 4.7% on Friday, trading at $ 45.74 apiece. The stock is up more than 18% since the start of the year and around 83% in the past 12 months.

Posted in General BusinessTagged Account, BorgWarner, EVs, expects, Revenue

How A lot Cash Ought to You Maintain in Your Financial savings Account?

March 19, 2021 by

Banking /. saving account

© Shutterstock.com

The pandemic has taxed Americans’ financial resources – the savings are enclosed her lowest point in years. When extra money comes in, it can be difficult to know how much to save and how much to spend on expenses. But every little bit you put aside helps.

How Much Should You Keep in Your Savings Account?

Your unique financial situation will determine how much of your paycheck will be used for savings. Setting aside just a few dollars may seem daunting, but it’s worth slowly and carefully building your money in the long run.

Some factors that will determine your savings goals are:

  • Age
  • income
  • retirement provision
  • Do you need a big purchase like a house or a car

There isn’t a right answer to how much to keep in your savings, but we’re going to cover a few factors to help you set guidelines.

Income and expenditure

The first thing you want to do is check your monthly income and expenses. See how much is coming into your account, how much is being spent and where the money is going. This will help you find a target number to work towards – spending three months, for example, to insure you if you lose your job.

Recently Bank and credit card statements can help you get an idea of ​​where your money is going. Many banking apps will also help you keep track of monthly expenses and build a budget. Even if you use pen and paper, the idea is to take control by creating an accurate picture of your finances.

Bills and recurring expenses

Take a look at the bills that you can’t ignore – like rent and utilities – and get a better idea of ​​what you could save in an emergency. If you have a streaming subscription that you don’t use often, or if you want to order less food a few nights a week, keep these areas in mind.

When you’ve done that job, look at the number. For example, let’s say your monthly expenses are $ 2,000. If your goal is to create one Emergency fund For three months’ worth of expenses, your savings goal would be $ 6,000 or more.

Most experts advise saving three to six months’ worth of expenses, but saving even a few hundred dollars on unexpected expenses like car repairs can make a world of good.

Determine how much you want to save

Once you have identified your goal, calculate how much money per month or per Paycheck put aside towards that goal. You can also see which banks offer the best savings account options.

When you have enough money, it is advisable to keep separate accounts for long-term goals like an emergency fund and short-term ones like minor renovations or vacations. However, an emergency fund should be your first goal if you don’t have such an account set up.

See your take-away payment and how much you have left after the bills. Then determine an amount of dollars or a percentage of the leftover money to be converted into savings each month.

consider it

For example, let’s say you make $ 2,800 a month and have $ 800 left after spending. You can take it – 100, 200, or whatever you can manage – and save it. You can then get an idea of ​​how long it will take to meet your savings goals. For example, if you are working towards an emergency fund of $ 6,000 and putting in $ 500 per month, you will achieve that goal in a year.

This can be difficult with variable income. Instead of a set number, consider a set percentage like 10% of your total check from your last project. The most important thing is to work a little towards your goals on a regular basis.

Plan what you would do with unexpected monetary damage. How much would you save and how much would you spend?

What About Paying Off Debts?

Try to set aside a certain amount each month to pay off some debts as well. Continuing the previous example and putting $ 500 each month on your financial goals and $ 100 on your major debt balance will help reduce debt while building your savings. Remember, this will also change the timeline of your goal.

Where should you put your money

Not all banks are created equal. You want your money in one saving account This offers a reasonable interest rate on your balance with minimal to no fees.

Some fees to look out for when shopping for banks include:

  • Overdraft fees
  • Monthly maintenance fees
  • Minimum balance
  • Transaction fees

You can open a joint checking and savings account at most of the major banks. Look for one that doesn’t require a huge minimum deposit to open an account. Some banks allow you to open an account by depositing any amount of money.

Bank charges

Banks that offer features like overdraft protection and alerts can help you stay within your budget. Make sure the bank you are working with is on FDIC insured So the money you deposit is protected. Avoid banks that charge a monthly maintenance fee just to keep the account open. Some banks only charge this fee if your balance falls below a certain amount. So make sure you know this amount in advance.

Find out what rules the bank has for withdrawals. Does it have a maximum number of withdrawals Can you do per month? What happens if you cross that limit?

Banking products

Check out both conventional and online banking products as some offer a better deal than others. A savings account with a separate institution from your main bank might be better if it offers a higher interest rate. Wherever you put the money, you should have instant access to it when you need it.

As of March 2021, some of the best interest rates and institutions for savings accounts are:

All of the above banks are FDIC insured or partner with banks that are.

Bottom line

All savings goals look different. If the concept intimidates you or you don’t think saving is realistic, start small. Create an emergency account for unplanned expenses and work from there.

See all of your income and expenses. See how much you have left after bills, even if it’s only a few dollars. Decide how much you want to put away and how often you will do it. If you can, set up an automatic recurring transfer to your savings account.

Plan short and long term goals with a realistic schedule, work towards them little by little, and watch how your efforts add up.

View sources

Our in-house research team and local financial experts work together to create content that is accurate, impartial, and timely. We review every single statistic, quote, and fact against trusted primary resources to ensure that the information we provide is accurate. Further information on the processes and standards of GOBankingRates can be found in our editorial guidelines.

About the author

John Bogna is a freelance writer and photographer based in Houston, Texas. His background spans topics from technology to culture and includes working for the Seattle Times, Houston Press, WebMD, and Mailchimp. Before moving to Bayou City, John earned a BA in Journalism from CSU Long Beach.

Posted in MoneyTagged Account, Money, savings

Disabled Individuals might need to save stimulus cash in an ABLE account

March 10, 2021 by

Thomas Barwick | Stone | Getty Images

For the first time, adult relatives can perform a stimulus check.

One year later the pandemicMany have an immediate need for funds. People with disabilities who want to save their incentive money might consider using it instead a so-called ABLE account.

This tax-privileged, government-sponsored savings account enables disabled people to set aside up to $ 15,000 per year without losing key government benefits like Medicaid. The total savings limit varies from state to state, however anything over $ 100.000 means a suspension of social security benefits for the disabled.

To qualify for state aid, a person’s assets outside of their ABLE account are generally capped at $ 2,000.

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“The ABLE account allows you to expand the account Stimulus test“said Charlie Massimo, senior vice president of the Wealth Enhancement Group based in Plymouth, Minnesota.

“You’re not going to have to spend it in 12 months.”

The new authorization is part of US $ 1.9 trillion rescue plan that was just passed by Congress and waiting for the president Joe BidenSignature. So far only people under the age of 17 have received payments.

Up to 26 million adult relatives – including disabled adults, students and the elderly – would be affected, according to a May report by the EU American Enterprise Group.

“Financial support for the rest of your life”

For Massimo, the ABLE plans were a lifeline. Two of his 21 year old triplets have autism and money in these accounts. They plan to deposit part of their stimulus money with them as well.

The money in the accounts can be spent on skilled disability expenses and includes housing, food, transportation, health care, and other things that can help improve the quality of life, according to the ABLE National Resource Center.

An ABLE account is different from a special needs trust whose expenses don’t include as many allowances, Massimo said.

“As a parent, you have a responsibility to take care not only in the short term but also in the long term,” he said.

“My boys will need financial support for the rest of their lives,” added Massimo. “As parents, we have to make up for that.”

Interest in the plans has already increased.

As of December 31, there were 82,019 accounts with ABLE accounts for $ 643 million, according to ISS Market Intelligence, a division of Investment Advisor Institutional Shareholder Services.

They really are a critical savings mechanism for people with disabilities.

Bethany Lilly

Senior Director of Income Policy at The Arc

That equates to assets of $ 538 million distributed across more than 75,000 accounts as of September 30th.

Still, many are still unaware of the benefits of ABLE accounts.

“They really are a critical savings mechanism for people with disabilities,” said Bethany Lilly, senior director, income policy at The Arc, a nonprofit advocating for people with disabilities.

“I would like to see a bigger enrollment”

More can also be done to give disabled Americans access. Currently, only those who had a disability before the age of 26 qualify.

legislation The introduction to the Senate and House of Representatives in 2019 raised that age to 46, but more action remains to be taken.

Find a plan

Posted in MoneyTagged Account, Americans, Disabled, Money, save, Stimulus

Dad says cash has been withdrawn from lacking SF woman’s checking account

February 24, 2021 by

Dad says money has been withdrawn from missing SF girl’s bank account

The family of a missing San Francisco girl who has been missing for a week is concerned about her. The girl’s father says bank records show money was withdrawn from her account in Chinatown, an area she is not known to be common.

SAN FRANCISCO – – The family of a missing 14-year-old from San Francisco says they are concerned about her safety.

Katlin Gallaread Left home a week ago and her family says she has not been heard since then.

Her father Jason Gallaread says bank records show that money was withdrawn from her account.

He says she has not run away in the past and he fears that someone tricked her into leaving.

On Tuesday evening, the single father was accompanied by relatives as he walked through Jefferson Square Park in the Western Addition neighborhood letting people know that he was looking for his daughter.

He says he and his daughter had dinner together at home last Tuesday.

She went to her room and that was the last time he saw her.

“I’m very sad. Heartbroken. I am very worried about my daughter. The streets are very tough. There are a lot of sick people out here,” says Gallaread.

He says Katlin left a message saying she was depressed because of the isolation caused by COVID restrictions.

“She can’t see her friends. There’s no going outside, the social interaction. Everyone is not the same,” Joyceline Tobias, Katlin’s grandmother.

Gallaread says a neighbor’s ring video shows the teen leaving home at 9.44 p.m. on February 16

About two hours later, he says, bank records show a cash withdrawal from an ATM in San Francisco’s Chinatown, an area Katlin doesn’t often visit.

There were two more ATM withdrawals on Saturday, according to Gallaread. This time the transaction was at a bank in West Sacramento, emptying her account with savings her father claims to have earned.

“I hope she hasn’t been lured into something, that someone somewhere drugged her and forced her to do things. I’m very scared for her right now,” says Gallaread.

The father says that if he calls her cell phone, it goes to voicemail.

“We’re not talking about cell phone activity or the use of credit cards or debit cards. Again, we’re investigating any clues,” said Officer Robert Rueca of the San Francisco Police Department.

The police don’t say if surveillance videos show Katlin or anyone else withdrawing cash from the ATM.

Her family says she is attending Wallenberg High School. She loves science, collects stones and plays the cello.

The ninth grader traveled extensively with her father, including one to Cambodia just before the pandemic. Katlin is half Cambodian.

Gallaread has a message for his daughter: “Please contact someone. Let us know that you are fine and safe. We want you to come home. I love you baby.”

Katlin is described as 5’1 “and weighs 90 pounds.

Police say they are working with other jurisdictions to find the teen.

Posted in MoneyTagged Account, bank, Dad, Girls, missing, Money, withdrawn

Social Media Account Chronicles How Rihanna Types Runway Seems to be

February 21, 2021February 21, 2021 by

When it comes to creating a powerful look, the setting can be as important as the composition of the pieces Rihanna is living proof of that. While some runway garments may appear extravagant and out of the realm of wearability, Bad Girl Riri does not. A recent viral Twitter thread provided side-by-side evidence of how the singer can transform any runway ensemble into her own style moment. The user captioned the thread, “It’s ugly until Rihanna wears it.” Among the looks we can find some of the best accepted outfits of the singer with pieces from Giambattista Valli, Givenchy Haute Couture, Gucciand more that she rocked back and forth on the red carpet.

Posted in StyleTagged Account, Chronicles, Media, Rihanna, Runway, Social, styles

How To Make investments The Cash In Your Well being Financial savings Account (HSA)

February 15, 2021February 15, 2021 by

If you have high deductible health insurance (HDHP) and have extra cash to save on future health expenses in a given year, it almost always makes sense to put money into health insurance Health Savings Account (HSA). Finally, there are tax benefits on the front end when you put money into an HSA, but you can also see some valuable tax savings later.

How Health Savings Accounts (HSAs) work:

In 2021, eligible plans that qualify as HDHP must have a minimum deduction of $ 1,400 for individuals and $ 2,800 for families. Meanwhile, the maximum expense limits for HDHPs are capped at $ 7,000 for individuals and $ 14,000 for families. With an eligible HDHP, individuals can contribute up to $ 3,600 to an HSA through 2021, and families can save up to $ 7,200 in an HSA.

At the front end of the equation, the contributions made to an HSA account are tax-privileged, which means that they decrease your taxable income. This means you will pay less income tax over the years that you contribute to an HSA.

From there, the money grows tax-free until you withdraw it to meet eligible healthcare expenses. And if you don’t use the money in your HSA, you can take it out and use it for whatever you want (including to supplement your retirement) with no penalty from age 65. All you have to do is pay normal income tax rates for the money you take out.

While many people save money in an HSA knowing they will have healthcare expenses, many people also invest in an HSA with the goal of leaving their money alone. Because of the way HSAs work, they can be incredibly valuable as an investment vehicle. You save money on taxes when you contribute, and your money grows tax-free. If you can keep your HSA money in your account until you are 65, your money can be used however you want.

HSA health savings account wooden blocks near stethoscope on wooden table

getty

Make sure you invest your HSA

With all of this, far too many people forget they can invest the money in their HSA. Actually, current research from Devenir shows that only 4% of HSA accounts across the country have at least some of their HSA assets invested.

Given the potential for long-term growth that HSAs have – and the fact that many people plan on using their HSA funds to supplement their retirement – this is downright insane. If you have an HSA and you are putting money aside to fund healthcare expenses or your future retirement, you can easily leave thousands of dollars on the table by not investing the money in your account.

Imagine for a moment if you could set aside $ 6,000 annually in a family HSA account for 20 years starting today, and leave that money alone without having to use it for health care expenses. In that case, after 20 years, you’d have $ 120,000 in your HSA, assuming every return you’ve received is enough to cover the cost of managing your account.

Now imagine that you had your HSA money invested from the start (adding $ 500 per month to your account) and had a net return of 5% after factoring in HSA fees. In that case, you’d end the 20-year stretch for $ 198,395.72. If you could get a net return of 6% you would have $ 220,713.55.

If these math aren’t enough to get you into thinking about HSA investing, I don’t know what’s happening.

How to invest your HSA

It’s important to know that, on the whole, some HSA providers offer significantly more investment opportunities than others. Whether you are currently opening an HSA or The choice is yours on where to keep your HSA moneyStart the process by finding an account with the best investment opportunities.

For example, HealthSavings administrators are a very good option when it comes to raising HSA funds. Finally, with this provider you can start investing from your first dollar with no minimum balance and choose from 42 affordable Vanguard and Dimensional funds.

HealthSavings Administrators is also free of investment transaction fees, so you won’t incur unexpected fees as you save. However, they do charge underlying fund fees for their investment options as well as an annual account fee of 0.25%. Over the course of a year, HealthSavings administrators said their fees cost customers an average of $ 53.

That being said, there are plenty of other excellent administrators that offer HSAs with attractive investment opportunities. Some of my favorites are Lively, Fidelity, HSA Bank, and Optum Bank.

Remember, some HSAs with investment opportunities allow you to start investing from the first dollar in your account, while others don’t allow you to start investing until you hit a certain threshold. At HSA Bank, for example, you cannot invest your HSA money until you have at least USD 1,000 in your HSA account. With Optum Bank mutual funds, however, you can start investing as soon as you have $ 2,100 in your HSA and you can only transfer funds to your investment account in increments of at least $ 100.

Some HSA accounts with investment options also come with higher fees than others. Therefore, check and compare the fees of multiple providers. Health Savings Administrator has one Handy fee comparison table This can give you an idea of ​​the fees charged by large HSA companies.

The bottom line

If you are taking the initiative to save on future healthcare expenses in an HSA, don’t stop there. You should also figure out how best to invest the money in your HSA account so that it can keep up with inflation and generate a decent return over time.

In other words, don’t just cram your HSA money into a proverbial mattress. Invest your money in funds that provide long-term growth and you’ll thank them later.

Posted in MoneyTagged Account, health, HSA, Invest, Money, savings

Accountant accused of stealing cash, utilizing it to pay kid’s account at UNL | Crime-and-courts

February 4, 2021February 4, 2021 by

GRAND ISLAND — Authorities are searching for a Broken Bow accountant who is accused of stealing more than $45,000 from the Broken Bow Booster Club.

An arrest warrant has been issued for Connie Ulmer, the booster club’s former treasurer, on four counts of theft by unlawful taking totaling $5,000 or more.


LPD officer who since has resigned ticketed for alleged assault while working off-duty

In court records, Nebraska State Patrol investigator Dion Neumiller said that he was advised by booster club members of several suspicious transactions involving the club’s checking account.


Nebraska fire kills 48 cats at home that doubled as shelter

The affidavit said Ulmer, 50, was treasurer of the booster club, and an authorized user of the checking account, from 2018 to May 2020.

Bank records indicate, according to the affidavit, that on June 26, 2019, Ulmer signed a check from the booster club written to Connie Ulmer Accounting for $19,776.38. 


Fremont man charged with killing 4-month-old was off his medication, police say

Bank records indicate four suspect electronic checks totaling $45,494.09 issued from the booster club. Three were credited to University of Nebraska-Lincoln student accounts, and the other was credited to Ulmer’s accounting practice.


Suspect’s phone searched for ‘jewelry stores near me’ before break-ins, Lincoln police say

Top Journal Star Photos for January

Top Journal Star Photos for January

LINCOLN, NEB. – 01/25/2021 – A man, who did not give his name, clears the sidewalk using a snowblower during a record breaking winter storm hit downtown Lincoln on Monday, January 25, 2021. KENNETH FERRIERA, Journal Star.


Kenneth Ferriera


Top Journal Star Photos for January

Top Journal Star Photos for January

LINCOLN, NEB. – 01/25/2021 – Brothers of the Phi Gamma Delta Fraternity hold on to mattresses while being pulled by a pickup truck along the street in front of the UNL Union during a winter storm in downtown Lincoln on Monday, January 25, 2021. KENNETH FERRIERA, Journal Star.


Kenneth Ferriera


Top Journal Star Photos for January

Top Journal Star Photos for January

LINCOLN, NEB. – 01/25/2021 – Judith Andre takes a break from shoveling her sidewalk for a quick portrait during a record breaking winter storm in downtown Lincoln on Monday, January 25, 2021. KENNETH FERRIERA, Journal Star.


Kenneth Ferriera


Top Journal Star Photos for January

Top Journal Star Photos for January

LINCOLN, NEB. – 01/23/2021 – Friends from the village, a group of current and former healthcare workers and volunteers, join together in their open air “fort” during a weekly potluck on Saturday, January 23, 2021. Tauni Waddington and Sheryl Teslow have constructed an open air “fort” in their backyard so the couple could continue to socialize with their close cadre of friends during the pandemic. Built out of PVC pipe, tarp, ropes, and some well placed propane heaters, they are able to stay warm outside. They gather every Saturday starting at 5:30 for a socially-distanced potluck and conversation. Sometimes a movie. they played cards every Saturday for years before the pandemic. KENNETH FERRIERA, Journal Star.


Kenneth Ferriera


Top Journal Star photos for January

Top Journal Star photos for January

Lincoln Southeast’s McGinness Schneider (4) is fouled by Lincoln Northeast’s Zander Beard (14) as he drives to the basket in the first half Saturday at Lincoln Southeast.



FRANCIS GARDLER, Journal Star

Top Journal Star photos for January

Top Journal Star photos for January

Lincoln Northeast’s Pierce Bazil (23) celebrates at the final buzzer as the Rockets defeat Lincoln Southeast 59-53 on Saturday at Lincoln Southeast High School.



FRANCIS GARDLER, Journal Star

Top Journal Star Photos for January

Top Journal Star Photos for January

LINCOLN, NEB. – 01/23/2021 – Northwestern’s Maxx Mayfield slams Nebraska’s Caleb Licking on the mat in the 157 weight class match on Saturday, January 23, 2021 at the Devaney Sports Center. KENNETH FERRIERA, Journal Star.


Kenneth Ferriera


Top Journal Star Photos for January

Top Journal Star Photos for January

A health care professional work to fill syringes with doses of the Moderna vaccine at a mass vaccination clinic at Pinnacle Bank Arena on Friday.


Kenneth Ferriera


Top Journal Star Photos for January

Top Journal Star Photos for January

LINCOLN, NEB. – 01/22/2021 – A healthcare worker is administered a the first dose of the Moderna vaccine by nurse at Pinnacle Bank Arena. The first mass vaccination clinic took place at Pinnacle Bank Arena. The first doses of the Moderna and Pfizer vaccines were administered to front line health care workers early Friday morning. “This is what we worked for,” Health Director Pat Lopez said. “We are now moving forward and we can see the light at the end of the tunnel. KENNETH FERRIERA, Journal Star.


Kenneth Ferriera


Top Journal Star photos for January

Top Journal Star photos for January

Lincoln East’s Haley Peterson (left) dives for a loose ball against Lincoln High’s J’unti Franklin in the second half Saturday at Lincoln High.



FRANCIS GARDLER, Journal Star

Top Journal Star photos for January

Top Journal Star photos for January

Lincoln High’s Kiana Wiley (left) celebrates a key layup late in the game against Lincoln East on Saturday at Lincoln High.



FRANCIS GARDLER, Journal Star

Top Journal Star photos for January

Top Journal Star photos for January

Waverly’s Abbie Carter (43) reacts after getting called for a foul against Wahoo’s Toni Greenfield (10) with 1.3 seconds left in the game, giving Wahoo a chance to tie the game with two free throws Thursday in Wahoo. Greenfield missed both shots and the Vikings held on with a 48-46 win over the Warriors.



FRANCIS GARDLER, Journal Star

Top Journal Star photos for January

Top Journal Star photos for January

LINCOLN, NEB. – 01/21/2021 – Female and male mallard ducks stand on a slightly submerged ice shelf as the blustery winds moves the water around them on Thursday, Jan. 21, 2021, at Holmes Lake Park. Chilly temps are forecasted for the upcoming weekend. FRANCIS GARDLER, Journal Star



FRANCIS GARDLER Journal Star

Top Journal Star photos for January

Top Journal Star photos for January

York’s Destiny Shepherd (11) drives to the basket to score a game-tying basket against Norris’ Brianna Stai (24) in the closing seconds of the first half Tuesday in York.



FRANCIS GARDLER, Journal Star

Top Journal Star photos for January

Top Journal Star photos for January

Norris’ Trey Deveaux drives past York’s Jake Erwin (5) and Ryan Seevers (23) for a first-half basket Tuesday in York.



FRANCIS GARDLER, Journal Star

Top Journal Star photos for January

Top Journal Star photos for January

Due to the pandemic the pool deck is less crowded and swimmers, coaches and race staff are required to wear masks on Saturday, Jan. 16, 2021, during the Gene Cotter Invitational at Lincoln Northeast High School. FRANCIS GARDLER, Journal Star



FRANCIS GARDLER Journal Star

Top Journal Star photos for January

Top Journal Star photos for January

Norris’ Dane Small steals the ball from Crete’s Isaac Kracl in the second quarter at Norris Middle School on Saturday, Jan. 16, 2021. KENNETH FERRIERA, Journal Star.



KENNETH FERRIERA Journal Star

Top Journal Star photos for January

Top Journal Star photos for January

Austyn Sorensen releases some of her balloons at Nebraska State Capitol during the Walk for Life on Saturday, Jan. 16, 2021. The annual Walk for Life was held in front of the state Capitol on Saturday. KENNETH FERRIERA, Journal Star.



KENNETH FERRIERA Journal Star

Top Journal Star photos for January

Top Journal Star photos for January

Steve Woitaszewski make measurements as he scores a deer during Nebraska Deer and Game Expo, Friday, Jan. 15, 2021, at Lancaster Event Center. JUSTIN WAN, Journal Star



JUSTIN WAN Journal Star

Top Journal Star photos for January

Top Journal Star photos for January

A pair of bison, one hunkered down with blowing snow adhering to its fur and another on the prowl for food, weather the gusting 30 mph winds and precipitation which came to the area on Friday, Jan. 15, 2021, at Pioneers Park Nature Center. FRANCIS GARDLER, Journal Star



FRANCIS GARDLER Journal Star

Top Journal Star photos for January

Top Journal Star photos for January

Customers order their sandwiches from Colton Harpst and Chris Mathews during lunchtime at Danny’s Downtown Deli on Thursday, Jan. 14, 2021. GWYNETH ROBERTS, Journal Star



GWYNETH ROBERTS, Journal Star

Top Journal Star photos for January

Top Journal Star photos for January

Gov. Pete Ricketts (left) does an elbow bump with Sen. Steve Halloran during State of the State, Thursday, Jan. 14, 2021, Nebraska State Capitol. JUSTIN WAN, Journal Star



JUSTIN WAN Journal Star

Top Journal Star photos for January

Top Journal Star photos for January

An order of Margaritas: the Sol y Luna (Blended house margarita with a touch of mango, strawberry, and kiwi syrup.), Husker Power and Freeman’s (Homemade without a mix! Hornitos, Triple Sec and something else…) on Wednesday, Jan. 13, 2021, at Mi México Lindo, located at 8222 Holdrege St. FRANCIS GARDLER, Journal Star



FRANCIS GARDLER Journal Star

Top Journal Star photos for January

Top Journal Star photos for January

Cindy Knippelmeyer (left) and her husband Tyson Knippelmeyer fish on the ice of Holmes Lake on Wednesday, Jan. 13, 2021. JUSTIN WAN, Journal Star



JUSTIN WAN Journal Star

Top Journal Star photos for January

Top Journal Star photos for January

Lincoln Pius X’s Charlie Hoiberg (right) drives to the basket for two points against Bellevue West’s Preston Ames in the first half on Tuesday, Jan. 12, 2021, at Bellevue West High School. FRANCIS GARDLER, Journal Star



FRANCIS GARDLER Journal Star

Top Journal Star photos for January

Top Journal Star photos for January

Construction of the new high school near Northwest 48th and West Holdrege streets continues, Monday, Jan. 11, 2021. JUSTIN WAN, Journal Star



JUSTIN WAN Journal Star

Top Journal Star photos for January

Top Journal Star photos for January

Melanie Butcher holds her cat Miss Chievous at Staybridge Suites, Monday, Jan. 4, 2021. JUSTIN WAN, Journal Star



JUSTIN WAN Journal Star

Top Journal Star photos for January

Top Journal Star photos for January

Lincoln Pius X’s Mac Boatman is flipped on his back by Omaha Northwestern’s Eh Mu at Lincoln North Star High School on Saturday, Jan. 9, 2021. KENNETH FERRIERA, Journal Star.



KENNETH FERRIERA Journal Star

Top Journal Star photos for January

Top Journal Star photos for January

Nebraska wrestler Liam Cronin (left) greets Minnesota’s Patrick McKee before the 125 pound match-up on Friday, Jan. 8 2021, Devaney Sports Center. FRANCIS GARDLER, Journal Star



FRANCIS GARDLER Journal Star

Top Journal Star photos for January

Top Journal Star photos for January

A family of snowpeople are seen on the front yard of the Parker family on Hickory Crest Road on Friday, Jan. 8, 2021. The five human children – Evan, Levi, Mia, Kate and Ella started the project on Monday with a snow family of five. The sculpture collection had since snowballed with the addition of grandparents, triplet cousins, aunt and uncle. At one point, the snow was so heavy, it took four grown man to lift the body section of the father. JUSTIN WAN, Journal Star



JUSTIN WAN Journal Star

Top Journal Star photos for January

Top Journal Star photos for January

Frost coats prairie grass in Frank Shoemaker Marsh on Friday, Jan. 8, 2021. GWYNETH ROBERTS, Journal Star



GWYNETH ROBERTS, Journal Star

Top Journal Star photos for January

Top Journal Star photos for January

A red-tailed hawk keeps itself warm by dipping the tail in the water, Thursday, Jan. 7, 2021, at Holmes Lake. JUSTIN WAN, Journal Star



JUSTIN WAN Journal Star

Top Journal Star photos for January

Top Journal Star photos for January

A view from behind the Zoo Bar bandstand on Wednesday, Jan. 6 2021. The music establishment is launching a membership program to help it survive the COVID-19 pandemic. FRANCIS GARDLER, Journal Star



FRANCIS GARDLER Journal Star

Top Journal Star photos for January

Top Journal Star photos for January

Speaker Mike Hilgers (left) greets Sen. Lynne Walz after Walz was elected to be the chair of education committee during the first day of the 2021 legislative session, Wednesday, Jan. 6, 2021, at the Capitol. JUSTIN WAN, Journal Star



JUSTIN WAN Journal Star

Top Journal Star photos for January

Top Journal Star photos for January

Newly elected and re-elected senators, including Sen. Lou Ann Linehan (center), swear in during the first day of the 2021 legislative session, Wednesday, Jan. 6, 2021, at the Capitol. JUSTIN WAN, Journal Star



JUSTIN WAN Journal Star

Top Journal Star photos for January

Top Journal Star photos for January

Supporters of Pres. Donald J. Trump rally on the north side of the Nebraska State Capitol on Wednesday, Jan. 6 2021, during the first day of the Legislature. FRANCIS GARDLER, Journal Star



FRANCIS GARDLER Journal Star

Top Journal Star photos for January

Top Journal Star photos for January

Lincoln Southeast’s Jake Appleget (24) drives to the basket against Lincoln North Star’s Brennon Clemmons (right) and Jake Seip (bottom in the first half on Tuesday, Jan. 5 2021, at Lincoln Southeast High School. FRANCIS GARDLER, Journal Star



FRANCIS GARDLER Journal Star

Top Journal Star photos for January

Top Journal Star photos for January

A pedestrian crosses over a footbridge during their walk through Holmes Lake Park on Monday, Jan. 4, 2021. A warm and sunny day brought out all kinds of creatures out of their dens. After last weeks heavy snow, High temperatures in the upper 40s were a welcome relief. KENNETH FERRIERA, Journal Star.



KENNETH FERRIERA Journal Star

Top Journal Star photos for January

Top Journal Star photos for January

Judah Kirsch, 8, gets on a tube next to Phoebe the dog as he plays on a frozen pond at Pioneers Park, Monday, Jan. 4, 2021. JUSTIN WAN, Journal Star



JUSTIN WAN Journal Star

Top Journal Star photos for January

Top Journal Star photos for January

Wyatt Haertel performs a frontside ollie off a hip ramp at Tierra Skate Park on Sunday, Jan. 3, 2021. KENNETH FERRIERA, Journal Star.



KENNETH FERRIERA Journal Star

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