<prompt> Human: I want to contribute to both at the same time without maxing out the 401k. Id contribute about 10 of my salary 65k to the 401k and the full 5500 to the IRA. Is there any downside to splitting my contributions like that? Id like to be diversified for taxes in the future. Ive heard you should max out the 401k before the IRA but I am unsure why thats be a better option. Thank you.  <response>: Your plan is fine. The How to handle link in the sidebar suggests that. You should read that too. 