I am 25 y/o,just met my emergency fund goal & want to improve my investment portfolio. I am putting just enough in my 401k to meet the employer match, and am wondering if I should open up a roth IRA OR just invest in a non retirement fund OR max out my 401k. My concern with the roth IRA/401k is that I wont be able to use the $$ for my big purchases (hoping to buy a house in the next 5 years), but don’t want to miss out on the tax benefits. Which is the smarter choice and what are you guys doing?

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you can withdraw your contributions (NOT growth) from a roth at any point, tax free... so if you 'overcontribute' now and then need to dip into the Roth to top up a down payment, it shouldn't be an issue. You just can't put the money back in once you take it out.

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from what I read, it sounded like i can only withdraw up to $10k of my contribution without penalty, but will look into it further. Thanks!

Max the IRA and continue saving for that down payment. 5 years is still relatively far away to where 6k a year probably isn't what's going to make or break your home purchase

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Create a budget to see how much you can invest vs how much you can save. I would say invest as much as possible. Max out 401k and IRA if possible.

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You're only 25, so it's not the end of the world if you wait five year to boost your retirement savings, but I'd suggest using several online calculators to estimate what you should really be saving each month beyond the minimum to get your match. You should also use that information to inform how much house you can afford. If you can comfortably save enough for retirement plus your down payment simultaneously, even better.

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What was your em fund goal?

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Its 20k

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