I maxed out my Roth IRA, and invest 401K up to firm match but not maxing out. Whatever I have left (~5K) I invest to Robinhood. Should I allocate from Robinhood to increasing 401K contributions?

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I would first build up a cash safety net (3-6 months expenses plus a cushion for large upcoming expenses) and then prioritize 401(k) over regular accounts.

If you prefer to have some investments that are not restricted in a retirement account, that’s fine, but 401(k) is really powerful tax advantage that you should take advantage of as much as you can.

So one approach might be to say, once I have $x in my regular brokerage, then I’ll switch to putting all that excess into 401(k). Or another approach could be to split it 50/50 to both until you can free up more.

The point is, that 401(k) space is a big deal and you should use it as much as you can.

P.S. Robinhood is a terrible company and I would never do business with them.

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Thanks! So are you.

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Generally you should use tax-advantaged options first. Is there a reason you're doing a brokerage account before your 401k?

For the 401k, either you get a tax break upfront and your money grows and then you only pay taxes when you withdraw (traditional). Or you pay taxes upfront, but your money grows tax free and then you don't pay taxes when you withdraw (Roth).

With a brokerage account you're paying taxes upfront like the Roth, but unlike the Roth you still have to pay capital gains taxes...

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Take out your money from Robinhood and put it in another brokerage.

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