<prompt> Human: On a weekly basis I take 10 of my income and put it in a savings account and another 10 in a total stock market index fund. Is this the correct way to save and invest? I am 24 years old. I make about 1,000 a month and live at home, so my expenses are mainly food and transportation. Am I taking enough risk?Assistant: For the investing side, are you putting that money in a IRA or a regular brokerage account?In theory you can put both the savings and the investment money in a Roth, since the Roths principal can be withdrawn at any time. But whether you want to do that depends on if youre hitting the annual max with just the investing funds.At a minimum you should also be putting a small amount 20-30 of the investment into a bond ETF too, unless youre willing to be 100 exposed to stock market fluctuations.Human: Regular brokerage account  <response>: Why not a Roth IRA? That would shield the money in there from ever being taxed on capital gains which is a pretty good deal. And you can invest in anything you currently invest in the brokerage account inside of the Roth IRA, so it doesnt limit your investing choices. 