Michael Hasenstab started co-managing Templeton Global Bond (TPINX) on 12/31/2001.
He started managing Templeton Global Income (GIM) on 02/28/2002.
The two funds generated excellent returns for years.
Mr. Hasenstab was subsequently named M* 2010 Fixed-Income Manager of the Year.
However, Hasenstab's funds have underperformed for a long time after he lost his mojo.
I owned GIM for several years but exited long ago.
There is a 2022 MFO thread regarding GIM and Saba Capital Management.
Link

This link seems to cover a lot of the questions regarding HSA and turning 65
hsa_and_medicare

At age 65, you can use your HSA to pay for Medicare parts A, B, D and Medicare HMO premiums tax-free and penalty-free.

You can use an HSA to pay for Medicare PPOs and Medicare PFFS plans as well as Medicare HMO plans. They are all types of Part C (Medicare Advantage) plans.
A common misconception is that all Medicare Part C plans are HMOs. This is why one often sees articles saying that a disadvantage of Medicare Advantage (MA) plans is that they limit you to doctors in a network. That's true for HMO plans but not for the other types of MA plans. The PPOs still require insurer approval for some procedures, though.

HSA annual contribution limits are (single/family):
2023 $3,850/7,750
2024 $4,150/8,300
There is also additional $1,000 catchup for 55+.
https://www.fidelity.com/learning-center/smart-money/hsa-contribution-limits

Regarding PDI, PDO, PAXS.... these ETFs have estimated Div Income yields of approx. 13% to 17%. Very nice. Now if the stock market tanks, I would assume these bond funds also tank hard as well (highly volatile, leveraged and hold allocation to non-investment grade).
If investing for the long-term, would a cost-average plan starting now not be a wise move with these leveraged vehicles? My thought was to spread out buys over the next 6-12 mos. starting now.
@PRESSMUP mentioned 1Q entry point.
Appreciate any additional thoughts.

I also have HY VWEAX available in my 403b. Surprisingly, VWEHX and multisector PIMIX track each other quite well although they are very different funds. VWEHX SDs are a bit higher: 7.83, 8.74, 6.77, but its 30-day SEC yield is better at 7.84%. So, I have decided to add some to VWEHX instead of PIMIX.
https://stockcharts.com/h-perf/ui?s=PIMIX&compare=VWEAX&id=p55691218153

3m T-Bill yields have been flatlined for weeks. However, 5y, 10y, 30y yields continue to rise due to the activities of bond vigilantes.
https://stockcharts.com/h-sc/ui?s=$IRX&p=D&yr=1&mn=0&dy=0&id=p75815768413
Similar for 6m, https://stockcharts.com/h-sc/ui?s=$UST6M&p=D&yr=1&mn=0&dy=0&id=p70310329310
This means that m-mkt funds and ultra-ST funds have all caught up with T-Bills. So, starting this week I am discontinuing T-Bill rolls and parking money into m-mkt funds, ultra-ST funds (USFR, ICSH), or extend maturities in some other ways (e.g multisector or HY). It may be a bit early, but my T-Bills will continue to roll off into 2024, and not all would happen right away.

10/27 Episode:

In a world where stocks have been the go-to asset class for income and returns, bonds are making a comeback. That’s the view of Mary Ellen Stanek, Co-Chief Investment Officer of Baird Advisors and President of the Baird Funds, who says that the Federal Reserve’s aggressive rate hikes have made bonds more attractive to investors.
Stanek argues that the rapid rise in interest rates has created opportunities in the fixed-income market, as bond yields have increased to their highest levels in years. This means that investors can now lock in higher yields for their money, which can provide a valuable source of income and diversification in a volatile market.

Franklin Templeton, GIM, Saba (owns 31%) https://www.businesswire.com/news/home/20230825635490/en/Templeton-Global-Income-Fund’s-Board-of-Trustees-Selects-Saba-Capital-as-New-Investment-Adviser
https://seekingalpha.com/article/4636244-saba-takes-over-gim

There is PIMIX cousin etf PYLD too (30-day SEC yield 5.85%, 10/27/23).

BINC is a new fund on my watch list. Inception 5/19/23. MultiSector Bond fund with Rieder. Too early to tell ...but probably higher SD than PIMIX.

@Mona,
This link seems to cover a lot of the questions regarding HSA and turning 65
hsa_and_medicare

Lets drill down. Are there any funds or ETF's with less than PIMIX 15 year SD of 5.18% that has a CAGR greater than PIMIX 6.50%? Category doesn't matter to me.

Funds mentioned have a bulge in 5-yr SDs. That is because they have full impact of pandemic 2020. The 3-yr window is just getting out of the main pandemic hit, and 10-yr reduces the pandemic impact as there are many non-pandemic years. That is why it is also useful to look at charts beyond summary statistics.
Another thing to note is that funds evaluated are of different types - ST-HY, IT-HY, multisector (that includes sovereigns + corporates + HYs + EMs), so they are expected to behave somewhat differently.
HY indexed ETFs are HYG, USHY, JNK, etc.

I found out today that Morningstar has downgraded SLADX to neutral. It used to be bronze.
They removed rating from MetWest total return a while ago due to turnover of managers. Two managers are retiring this year and next (not 100% sure about dates). They still have not restored the rating.
Berkowitz will be on Wealthtrack next week. After being quiet for a very long time, it seems that he is back in the headlines a little bit. There was an article on FAIRX in Barron's this week. In the sign of the times, there were no comments on the article. Hopefully, Consuelo will ask him the following:
- Who is on his team now? Fernandez and the people that replace him have all left. Of course Pitkowsky and Trauner left when Fernandez got promoted to co-manager. Info about his team is absent from Fairholme site. A long time ago they were listed.
- What has Bruce learned from Sears and Fannie Mae preferred mistakes? I noticed that he trimmed the preferred position lately. I am assuming that all the lawsuits against US gov are all done and failed. Not sure if imperial metal is going to pan out.
- He seems to buy and sell quickly now (Intel, Commercial metal,...)?
- Not sure who the shareholder that are left are? Lots of money in FAIRX is his and his family money.
- Now that Joe is 80% of portfolio there is no downside protection as he used to carry a lot of cash in the past
So it looks like Hasenstab will be fired from running GIM. Saba is taking over. He was a darling in the 2000s and since 2010 has been terrible. At some point TPINX had a LOT of $ under management. Now it is a $4.4 bil fund. Morningstar has it rated neutral
Not sure how much QE, 0% interest rates, and rise of ETFs has contributed/magnified underperformance of active managers vs. indexes. Most active managers run mutual funds although that is changing a little bit.
I own all four funds.

I used PV to get the SD. Long enough ball park time frame. 1/2008 to 9/2023 for PIMIX and OSTIX. Time period year to year. Thanks for MDHIX. I will look at it.

Unlike Mr. Sherman, I assumed the OP was talking about 3 yr stddev, because OSTIX's 5.46% is close to the target 5.20%. The latter is just enough lower to make it worth looking at a fund that is at least that much "better". In contrast, OSTIX's 10 yr stddev of 4.68% is not close to the 5.20% target.
Here's another fund that beats OSTIX over 3, 5, and 10 years with 3 year std dev below 5.2%.
MDHIX (avail @$2500 min in Fidelity IRAs)
Returns (10/27/23) 3.68% 3.64% 3.96%
Risk (09/30/23)
Sharpe 0.46 0.28 0.58
Std Dev 4.24 6.26 5.13
Upside 78% 75% 78%
Downside 6% 29% 14%

People Get Ready

I assume you must be looking at 10 yr SD? Because OSTIX and PIMIX have SD higher than 5.20 for 5 yr and 10 yr according to Morningstar (as of 9/30).
Below is a comparison of RSIIX, OSTIX and PIMIX per Morningstar:
3 Yrs 5 Yr 10 Yr
RSIIX
Returns (10/27/23) 6.21% 3.90% 3.88%
Risk (09/30/23)
Sharpe 1.05 0.31 0.54
Std Dev 3.63 7.01 5.23
Upside 61% 62% 65%
Downside (22%) 10% 1%
OSTIX
Returns (10/27/23) 2.91% 3.40% 3.63%
Risk (09/30/23)
Sharpe 0.31 0.27 0.57
Std Dev 5.44 5.95 4.68
Upside 89% 72% 69%
Downside 14% 27% 9%
PIMIX
Returns (10/27/23) 0.07% 2.12% 3.73%
Risk (09/30/23)
Sharpe (0.21) 0.11 0.60
Std Dev 5.77 6.18 4.67
Upside 105% 86% 91%
Downside 48% 55% 33%

Your comments regarding bond funds in 2022 and 2023 are spot-on.
You have a knack for reporting past performance.
I'm much more interested in future bond fund performance.
Can you tell me which bond funds or bond categories will outperform over the next 5 Yr/10 Yr?
Thanks in advance!

I warned about PIMIX since early 2018 (after holding it for about 7-8 years at a huge %) when I sold it and never looked back. RCTIX is a good replacement.
But, most bond funds have done badly since early 2022 because the Fed have been raising rates. In that environment, bank loans shine...and they did (less in 2022 and a lot more in 2023).
EIFAX is my LT favorite BL but FAFRX has been shining for months. A chart of all 5 proves it. (https://schrts.co/sszRneNS).
In fact, in 2023 EIFAX+FAFRX beat most generic stock categories such as SPY,IWM(SC),VGK(Europe),EEM while growth/QQQ beat them all easily. See YTD chart(https://schrts.co/yKTxTKtQ)
Who said that bonds can't make money?