I have a friend who turned 66 in May, her employer's health insurance plan is an HSA-eligible plan, and she is looking to contribute. However, when she turned 65, she signed up for Medicare Part A.
My understanding is that can't participate in Medicare Part A (or B) and contribute to an HSA at the same time. Is this correct? If so, would it make sense to unenroll (if possible) from Medicare Part A?

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.

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%

Thanks for data. SD is the first filter to narrow ideas for what I need. I think you mean 3 and 5 year.

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?

There is some info on H.S.A. (to avoid incorrect MFO hyperlink) at
https://ybbpersonalfinance.proboards.com/thread/258/hsa-health-savings-accounts
M* had a recent update, https://www.morningstar.com/specials/the-best-hsa-providers
2023 M* Update on Top HSAs
A brief explanation of HSAs is followed by rating tables and then by more detailed descriptions of a few top plans.
HSA - Spending
Fidelity, First American Bank, Health Equity, HSA Bank, Lively, etc.
HSA - Investing
Fidelity, Associated Bank, Health Equity, Lively, UMB, etc.
Many HSAs have brokerage windows
Fido HSA https://www.fidelity.com/go/hsa/investing-hsa-your-way
Schwab HSA/HSBA https://www.schwab.com/hsba

I am looking for funds or ETF's to add to my watch list. What funds are best in class? Looking for a fund or ETF with SD of 5.20% or less. Anything better than OSTIX's metrics? PIMIX.

COVER STORY “It’s Time to Stop Crying About BONDs and Buy Them Instead”. 2023 may (hopefully) end the worst-ever 3-yr stretch for TREASURIES. Other investment-grade bonds have also suffered. But the RATES are peaking, and focus should be on what comes next (rather than crying over the spilled milk). Hedge-fund manager Bill ACKMAN has covered his Treasury shorts. Yields are much higher now, and much of the bond return is from their starting yields. Bond prices are related to DURATION and longer-term bonds have more kick (up/down). Taxable bonds are oversold and are more attractive than comparable munis. INFLATION-expectations are moderate around +2.5%. Investment-grade bonds may resume their traditional BALLAST role and 60-40 portfolios also look attractive. RISKS include higher persistent inflation, the FED losing control to BOND VIGILANTES, reduced global DEMAND for Treasuries and DOLLAR. The high short-term yields won’t last and it’s time to extend duration/maturity through intermediate-term bonds and/or bond ladders. Mentioned are funds representing a broad spectrum: VMFXX, PFIAX, AGG/BND, OSTIX, BASIX, BINC (new).
Long-Treasury etf TLT is having a lousy year again (3rd), but investors continue to pour money into it (#3 etf inflows YTD) in the hopes of a turnaround soon (2024?). The better performing HY JNK may do the opposite.
(At MFO, ETF incorrectly hyperlinks to something. So, using etf to avoid that. @Charles)
INCOME. Attractive consumer-staples include CLX, HLN, KVUE (JNJ spinoff), LW, PG; etf XLP.
FUNDS. Ouch! If you own bond index funds, then you are suffering from a 3rd bad year. Indexing is difficult for bonds. Many issues are illiquid and may not trade often. Active bond funds may be desirable in specialized FI areas.
Core – Indexed AGG, BND
Core – Active VCORX
Multisector PONAX (these combine sovereigns, corporates, HYs, EMs)
HY – Indexed HYG
HY – Active BHYAX, RSIVX, VWEHX
Munis – Indexed MUB
Munis – Active HMOP, MDNLX, VWAHX
(by @LewisBraham at MFO)
FUNDS. BERKOWITZ’ LC value FAIRX is doing well YTD due to its 82% of assets in FL real estate developer St Joe/JOE (extreme concentration). Almost 33% of the $340 million AUM fund is held by Berkowitz’s family members and they don’t mind paying 1% ER. The AUM peaked after Berkowitz was named Manager of the Decade by M* in 2010, but there have been persistent outflows since then. Institutional holders may redeem the fund for JOE stock. Investor/personal returns (M* statistic on asset-weighted returns) have been poor. (by @LewisBraham at MFO)
Byron WIEN passed away at 90 (1933-2023). He was well-known for his annual lists of 10 Surprises, 20 Life Lessons, Summer Lunches in Hamptons, etc. His philosophy on predictions (and he made many) was that they were meant to be thought-provoking contemporaneously and it didn’t matter whether they turned out to be right or wrong (and he didn’t keep score himself, but others did). A world traveler, his mobility recently was limited by a hip injury, and he relied on Zoom. A nerdy Chicago kid, he was lucky to get into Harvard. His long career was at Morgan Stanley/MS (retired in 2001), Pequot, Blackstone/BX (2009- ). He was quoted often in the media and in Barron’s which did a Cover on him in 2016. He noted that sleep is more critical than diet or exercise. A multimillionaire, he lived modestly – he flew commercial; brought leftover restaurant food home; didn’t move from NYC to FL “because” he wasn’t a billionaire to avoid taxes. His philanthropy was for people who needed help and support rather than for arts and museums. He did endow 2 professorships at Harvard and also funded several scholarships there. He was married twice but didn’t have children and had many godchildren.
RETIREMENT. According to a study by MetLife/MET, 75% of employees could benefit from high-deductible health plans (that is poor naming/framing) and HSAs. But only 45% of employers offer HSAs and only 29% of employees use HSAs. The employee benefits are from lower plan premiums and because the HSA funds can be used tax-free for qualified medical expenses and in retirement (so, it’s like a super-401k/403b). HSAs are also portable. But HSA contribution must stop when Medicare begins; however, the HSA-funds can still be used for medical expenses. (Incorrect MFO hyperlink for HSA)
https://ybbpersonalfinance.proboards.com/board/12/market-insights

Invesco has several funds, eleven, making distributions in excess of 5%.
STSCX is paying a large distribution.

Outflows were significant for many funds with the largest estimated capital gains distributions.
"Diamond Hill Small Cap Fund DHSCX will likely make a whopping 23% distribution. In the 12 months ending in September, the fund’s assets have shrunk by nearly 25% owing to outflows."
"Delaware Ivy Value IYVAX has suffered outflows of almost 50% this year, which has contributed to almost a 30% estimated distribution."
"Two Federated Hermes strategies, Federated Hermes Kaufmann Large Cap KLCKX and Federated Hermes Max Cap Index FMXKX, will likely distribute roughly 25% in capital gains. Federated Hermes Kaufmann large Cap has seen an estimated 22% of its assets leave as outflows so far in 2023."
"Ironically, J.P. Morgan Tax Aware Equity JPDEX will likely distribute at least 20%; the $828 million in assets fund has seen more than $240 million in outflows in 2023."

@yogibearbull ...no doubt you've seen this article:
"It’s Time to Stop Crying About Bonds and Buy Them Instead"
https://www.barrons.com/articles/should-you-buy-bonds-now-3f5c6efa?mod=djem_b_preview_20231027

This filing shows a new address for DGIFX:
https://www.sec.gov/Archives/edgar/data/915802/000139834423019814/fp0085783-1_497.htm
FINANCIAL INVESTORS TRUST
Disciplined Growth Investors Fund
(the “Fund”)
SUPPLEMENT DATED OCTOBER 27, 2023 TO THE PROSPECTUS
DATED AUGUST 31, 2023
Effective immediately the following change is made to the cover of the Prospectus:
The Disciplined Growth Investors Fund,
PO Box 219554
Kansas City, MO 64121-9554
INVESTORS SHOULD RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE

If the U.S. is in such dire straits, what is the fascination with U.S. government issued / government backed paper? What gives you confidence that this government’s Treasury Department would make good on those T-Bills 3, 4 or 5 years out? What makes you think the FDIC wouldn’t be corrupted by than and your “government backed” CDs held worthless?
Is it wrong to assume that your chances of getting your money back are at least as good as (and possibly better than) those government “guaranteed” pieces of paper if wisely invested among a portfolio of good corporations? And if your machinations about this country’s future are dark and foreboding, why not move some of your assets abroad to safer havens? Foreign domiciled companies? Swiss francs? How about hard assets like gold and silver or real estate?
Even a badly adrift thread like this might lend itself to some serious discussion of investible assets.

@Old_Joe The biggest issue facing America in 2023 may be that almost half the country supports the “crime lord” who lost the election in 2020. That is THE ISSUE of our time.

I tend to agree. No soul. No ethics. Empty shell. And they flock to him.
Orwell: "With enough beer and football, they were easy enough to control."
Uncle Adolf, to Lord Halifax, 1937: "Shoot Gandhi, and if that does not suffice to reduce them to submission, shoot a dozen leading members of Congress; and if that does not suffice, shoot 200 and so on until order is established. You will see how quickly they will collapse as soon as you make it clear that you mean business."
Trumpster: "I could go out on 5th Avenue and shoot someone and get away with it."
(Let us hope the Orange Disgrace cannot wiggle out of all of the charges against him currently!)

https://www.sec.gov/Archives/edgar/data/1545440/000158064223005741/blueprint_497e.htm
October 26, 2023
BLUEPRINT ADAPTIVE GROWTH ALLOCATION FUND
Investor Class (BLUPX)
Institutional Class (BLUIX)
A Series of Ultimus Managers Trust
Supplement to Summary Prospectus, Prospectus, and Statement of Additional Information
dated June 28, 2023
This supplement updates certain information in the Summary Prospectus (“Summary Prospectus”), the Prospectus (“Prospectus”) and the Statement of Additional Information (“SAI”) of the Blueprint Adaptative Growth Allocation Fund (the “Fund”), a series of the Ultimus Managers Trust. For more information or to obtain a copy of the Fund’s Summary Prospectus, Prospectus or SAI, free of charge, please visit the Fund’s website at www.blueprintmutualfunds.com or call the Fund toll free at 1-866-983-4525.
Closure and Conversion of Shares
On December 8, 2023, all existing shares of the Investor Class of the Fund will be converted into shares of the Institutional Class of the Fund (the “Conversion”). There will be no fees charged in connection with the Conversion. After the Conversion, the Fund will offer only a single class of shares – the Institutional Class.
The Conversion is not considered a taxable event for federal income tax purposes, and no action is necessary on your part to effect the Conversion. Shareholders should consult with their own tax advisors to ensure proper treatment on their income tax returns.
Shareholders may continue to purchase and redeem Investor Class shares of the Fund on each business day until the Conversion on December 8, 2023.
After the Conversion, all references to the Investor Class of the Fund are hereby struck from the Fund’s Summary Prospectus, Prospectus and SAI.
Change in Minimum Initial Investment Amount of Institutional Class
Also, effective on December 8, 2023, the following replaces, in its entirely, the sub-section entitled “Minimum Initial Investment”, in the section entitled “Purchase and Sale of Fund Shares”, on page 6 of the Summary Prospectus and on page 11 of the Prospectus:
The minimum investment amount is $5,000 for all accounts.
The following replaces, in its entirely, the sub-section entitled “Minimum Initial Investment”, in the section entitled “How To Buy Shares”, on page 32 of the Prospectus:
The minimum initial investment amount for all accounts in the Fund is $5,000. This minimum initial investment requirement may be waived or reduced for any reason at the discretion of the Fund.
If you have any questions regarding the Fund, please call 1-866-983-4525.
Investors Should Retain this Supplement for Future Reference.

This looks like Price Equity Index 500 PORTFOLIO that is offered via insurance products. AUM is $26.8 million only and ER is 39 bps.
https://markets.ft.com/data/funds/tearsheet/summary?s=0P00003DWI
https://www.troweprice.com/financial-intermediary/us/en/investments/mutual-funds/us-products/equity-index-500-portfolio.html
Unless I am mistaken, NOT affected are regular Price Equity Index FUNDs (AUM $25.3 billion) in classes PREIX (20 bps), PRUIX (5 bps), TRHZX (5 bps). Now, if Price liquidated those, that would be market moving news.

@yogibearbull - thanks! I clearly read too fast.
FWIW, the "ticker" that FT gives (0P00003DWI) can be used to coax a little info about the fund out of M*. If you use it as the ticker in a portfolio, you can "analyze" the portfolio. However, there is no direct fund info on insurance (annuity) products at M*. At least none I can find.

The total for all share classes is 25.3 B, according to M*. This will force me to think twice before buying TCAF.Thanks yogibearbull for the clarification