Should I max out IRA after 401K and HSA?
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This is a pretty good overview: http://moneymetagame.com/fi/investing-efficiently-which-accounts-to-use-first/
The Mad Fientist has a good overview as well
In one word YES
OP, yes max it.
M1 - keep in mind that the benefit of retirement accounts (and HSA) is to be permanently shielded from Capital Gains tax.
There is no benefit from income tax - you either pay in the front or pay in the back and unless you have a crystal ball to tell you your tax future, you can’t possibly know.
To that point, the best argument I’ve heard for traditional is to have access to the tax money today while younger and spending more. Opposite that, the true benefit of the Roth is that the government gets their tax money today and doesn’t have to wait 40 years.
That aside, people choose Roth vs Traditional for various qualitative reasons (in my case Roth to not have the hassle of income tax in the future) but again, there is no difference mathematically:
Tax x Principle x Interest x Time
=
Principle x Interest x Time x Tax
If you have he disposable income, absolutely. Maxing the amount you have in tax advantaged accounts will benefit you down the road
I've been thinking about this as well. In my situation I'm trying to determine what's best from a tax perspective, since my wife hasn't maxed her 401k limits. I believe the amount I may contribute to IRA won't help from a tax perspective.
I would max HSA, Roth or if you’re above the income limitations standard IRA, and then 401k.
Kpmg 1 - close but you can fairly accurately assume whether you’ll be earning more or less in retirement, and based off that you’re likely to be in lower tax bracket in retirement. So traditional almost always has more benefit
Unless you think tax rates overall will go up (which I hope they do cuz I’m a dirty dirty liberal) in which case, Roth