nav[aria-label="Primary Navigation"] { padding: 0; & ul { list-style: none; width: 100%; display: flex; flex-direction: row; justify-content: start; align-items: start; gap: 30px; padding: 0; & li { margin: 0; } & ul li { list-style: none; } } }

Setting up my HSA that does NOT link to Quicken

ncadman2626

Hi all. I had to create a new Quicken file due to a corrupt file (it was over 15 years old)! I am at the point of entering my HSA account into my new file, where I have an auto deduction out of one of my checking accounts, then they sweep most of the money into an investment account (that also does not link to Quicken). Do I set up the HSA account as a savings account, then set up the investment account like a brokerage account and manually "send" the money swept from the "savings" into the investment per the statements?

Find more posts tagged with

Accepted answers

bmciance

I would set it up as an brokerage account. My HSA does link to Quicken but the fact that yours doesn't I don't think should matter. Just have the transfer from checking go to the investment account and then use the money to purchase the investments.

All comments

bmciance

ncadman2626

Thank you! I set up the place the auto debits from the bank as a savings account (which it technically is) and now setting up the brokerage account.

Jim_Harman

One question is whether you will be using the HSA for current medical expenses only, for investments only, or for some combination of the 2.

I use mine for investments hand have it set up as a Roth IRA, which IMO is Quicken's closest approximation of how it is treated tax-wise.

You can find a detailed discussion of the pros and cons of using different account types here
https://community.quicken.com/discussion/comment/17215117#Comment_17215117