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Investment Options for your VEBA

You can invest a portion of your VEBA into a basic investment account. This page covers your mutual fund options the fees associated with maintaining the investment account.

Available Mutual Funds

See the VEBA Mutual Funds list

Investment options

Further investment options are offered through an arrangement between Further, the account administrator, and the Charles Schwab Trust Company, the sub-custodian for the investment accounts. Investment accounts are self-directed and self-managed. You choose where to invest, when, and how much.

Basic Investment Account

When your account Base Balance exceeds $1,000, you have the option to activate a Basic Investment Account. This account gives you access to mutual funds from the Schwab’s Mutual Fund OneSource Service. You also have access to online resources and tools through the Further investment site. 

The mutual funds available under this option are selected by Devenir LLC, a registered investment advisor and listed here.

See Opening and Managing a Basic Investment Account for more information.

 

Investment accounts are self-directed and self-managed

Investment accounts are self-directed and self-managed. This means you decide whether and when to invest, select the mutual funds you'd like to invest in, and decide how much to invest. If you need help with this process, you have access to online resources and tools through the Schwab site accessible from your VEBA account at www.hellofurther.com.

Fees

If you choose to invest money beyond $1,000 from your VEBA into a basic investment account, you'll be responsible for an $18 fee per account per year deducted annually from your Basic Investment Account and is only deducted when the Basic Investment Account has a balance.

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