<prompt> Human: Just graduated, will only work half of a year this year, so is it even allowed?Salary 75,000Student Loan Debt 15,000 at 3.6937;401k employer match 537;Living is free, I will live with my parents for about a year or 2. Is there any reason why I should not contribute 18,500 this year and next 2018,2019?I am also buying a car. Expense wise, that is pretty much it.  <response>: Only reason is if your 401k has no good options andor high fees. In that case put 5,500 in a Roth IRA before you go higher than 5 in the 401k. If you can somehow get your AGI below 63k 12k into the 401k would do it then you could fully deduct a Traditional IRA contribution if you wanted to go that way. 