conversation: User (paperclip23): "I am 33 years old, married, earning $75k along with my spouse who is earning $70k. As the title states, I am contributing to my work 401k up to the company match which is 5%. I was pretty late to the retirement contribution party and only have $32k in my account and I would like to contribute more. \n\nHowever, I'm not sure where that money should go. The flowchart in the wiki says to contribute either to a Roth or Traditional IRA and after that has been maxed, then contribute additional amounts into a 401k. I've understood that to be because better options with lower expense ratios would be available in an IRA compared to a 401k. But the funds I'm invested in in my 401k seem to have very low ERs so should i still follow the flowchart or contribute more to my 401k?  \n\nI have 95% in Vanguard Institutional Index Instl Pl VIIIX (ER = 0.02%) and 5% in Vanguard Total Bond Market Idx InstlPls VBMPX (ER = 0.03%). "
  Self: "there's no reason not to just put it in your 401k. Most 401ks have plenty of fund options these days, and it's really just splitting hairs regardless. \n\n$32k is really low for your age. Go for $18.5k this year if you can :)"
  User (paperclip23): "While i plan to contribute as much as i can, it'll be impossible to max it out this year but you can bet that's my goal for 2019! "
  