Is it dumb to invest in additional index funds(let’s say $200 a month) if I’m already making out ROTH IRA & 401K with match?

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I personally opted to increase my contribution to retirement as I’ve grown in salary (currently 9%, Match is 6%) to help me avoid “life style creep”

I have also increased the amount I automatically move from my checking to HYS.

My partner gets like $50-100K in annual cash bonus so we’ll probably just use that for a house down payment so I’m a little lucky at double inconeb

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Based on another comment here I want to confirm. Are you maxing out to the IRS limit in the 401(k) or just to the match? I assumed the former but if it’s the latter, max out to IRS max first!

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Any thoughts here on maxing your Roth IRA before maxing Roth 401k (assuming employer match is fully met)? I do this for broader investment selection within my IRA. Only benefit I know of for maxing 401k is the ability to take loans against it.

Depends on how much disposable income you have and what your plans and goals are but no, probably will not be a dumb decision

no but don't you want to save for a car/house?

I’m already saving towards a down payment on a house (not paying rent so putting my rent money towards that)

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Absolutely not dumb. But do you have an HSA? I’d max that first too. It’s triple tax advantaged and you can invest in funds there too.

It’s never dumb to invest long term. I max out my retirement and put additional money in a self managed account. I sell covered calls and either use that money for big expenses (car down payments, vacations, etc) or to continue to invest.

I already have index funds that I’ve had from when I was 16. I would like to keep growing this fund in addition to my retirement accounts ($100 a paycheck isn’t a lot so would rather it go towards here instead of spending on stupid things)

How is an intern able to max these out?

Now am an Analyst. Live at home. Will make almost six figures. Worked all throughout college/summers(30 hrs a week during school year/80 hours a week in summer)

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Not at all, if you’re finished with debt

Yeah luckily have no student loan debt due to scholarships

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