<prompt> Human: Quick question - title says it all : if Ive got a great 401k with low fees why is it better to not max my 401k, and then do an IRA or Roth IRA after? Im currently dumping 15 into my 401k, and dont have an IRA.  <response>: The reason for doing it is that there are typically more investment options in an IRA. A 401k has a plan sponsor and is regulated a bit differently than an IRA, so youll usually see limited and more conservative investment options in the 401k. The reason not to do it is that there are typically better legal protections in a 401k. Also, a 401k, assuming you stay with that employer until retirement, will tend to allow access to money prior to 59 12 without penalty. The tax implications on both are the same. 