Monday, April 27, 2015

Check Out My Question (and Answer) on Nerdwallet

I have been listening to the excellent podcast Startup, and one of the show's first advertisers was a website called Nerdwallet.

Nerdwallet has a great concept. Pull it up and the first thing you see is a big, white box where you can type any finance question on your mind. If finance professionals have already answered the question, their content pops up. If not, you can submit it as a new question and get original responses.

Naturally, I checked out their articles about Health Savings Accounts. They have some good explainers!

However, I did not see an answer to a question I have been wondering about personally, so I asked it:

My employer provides a Health Savings Account that is a checking account at a local bank with low interest rates. Is it possible for me to move some of that money into a fund that will grow more?
 Just about 48 hours later, I have a response:



Pretty cool, right?!

Actually, I replied that it was only somewhat helpful. This is a good start, but I think my question wasn't specific enough. Now I want to know whether I can go to another financial institution and open up said investment account, and whether I could roll over funds from my existing account into the second account.

Still, this is a great resource, and I hope a couple of additional answers might roll in.

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