I have no extra money to put into existing Roth IRA but is there any reason to put a small amount, say $50, before the end of the year?

I have a 401K, Roth IRA, and HSA.

I'm meeting my employer match on the 401K, and I'm contributing from my paycheck into the HSA. I'd like to contribute the maximum to all three, but I can't afford to max out even one of them.

I've contributed a lot to my HSA as that is my primary "what's left after emergency fund savings" place to put money, and I've contributed $0 to my Roth IRA for 2017. If I have an extra $50 this year, is there any reason to put it in my Roth IRA?

I contributed $50 in 2016 to my Roth IRA just to have something added. Obviously, it's grown on its own without me doing anything, but still, I've done some research and for me and my family, it seems best to try to max out the HSA first.

I guess what I'm asking is there any penalty for contributing nothing or is there some kind of bonus for contributing something?

Submitted November 17, 2017 at 04:27PM by iPhoid http://ift.tt/2jEqbju