I truly cannot find this information on my brokerage website.
I have a brokerage account for my HSA, and if I wanted to use this same brokerage to invest cash I have sitting in my bank acct. would I:
- transfer into this previously-created account that I linked to my HSA custodian
- create a new "Individual" account?
I'm assuming the 2nd (from colloquial knowledge and common sense), but I'm confused why my brokerage would offer the option to "transfer cash from a bank account" to my HSA-linked account.
I use TDAmeritrade.
To clarify this question, in a first attempt to transfer cash to a new non-retirement account w/TDAmeritrade, the website took me to a page with the option of transferring cash to my HSA-linked account. Seeing this option, I was confused if I did that how TDAmeritrade would sort through my HSA contributions vs. transferred cash? Or if I would have to do that on my own? So I came here to see if it was common that people would just "transfer cash" to their retirement accts via brokerage... I didn't think so, but I couldn't find any info on the TD website.