Submitted by Street-Necessary9185 t3_10c7nw6 in personalfinance
I'm (25M). Started working at 22. I contribute 6% of my salary to 401K and employer contributes 3%. A total 9% goes into my 401k.
I contribute $2000 yearly to my HSA.
Currently I save $1800-2000 every month after all of my expenses. I'm saving that to fund my Master’s and buying a home.
I would like to contribute $3000 more yearly towards either Roth IRA or HSA. I'm not sure if I should max out my HSA contribution or open a Roth IRA.
What would you do if you were in my situation? I don't want to increase my 401K contribution as it is through employer and I want to diversify.
Edit: I appreciate everyone's your suggestions. I've decided to max out my HSA first and then invest whatever is left to Roth IRA. I'll also try to increase my total retirement contribution to 15%.