<prompt> Human: Hi all,Recently at my first job I have a 401k with employer match and Im track to max out at 18000. I have extra money and after reading about IRAs online Ive decided to invest the rest of my money into a Roth IRA hopefully hitting the max of 5500.When I told my parents about my savings plan, they said that they talked to their accountant who said that it would be not advisable to max both out with the reason being that I would have to monitor all my earnings on the Roth IRA and report it with my taxes every year and incurring a fee?.Ive been scouring the web the past few days trying to find any information about this but it seems like with the Roth since Im getting taxed when I put the money in, I wont ever be taxed on earnings.Am I missing something? Should I do both investment accounts? Is there a negative of doing both? I should also mention that I live at home right now and am healthy so I have the privilege of being able to invest the majority of money without needing too big of a safety net.Thanks for the reading!  <response>: Im track to max out at 1800018,500 this year :I would have to monitor all my earnings on the Roth IRA and report it with my taxes every year and incurring a fee?.Just some miscommunication most likely. If you made nondeductible contributions to a non-Roth Traditional IRA then you well your brokerage has software that will do this, too needs to track the ratio of non-deductible to deductible funds. But for Roth IRA, no. Theres nowhere to even report Roth IRA gains because its a completely invisible event, taxwise.with the Roth since Im getting taxed when I put the money in, I wont ever be taxed on earnings.Yes. Note theres no capital gains taxes on Traditional IRAs either - just income tax when you withdraw which makes up for the no income tax on deposit.Am I missing something?No - just make sure Roth is the right choice. If youre living at home Im guessing it is, but if youre mid- to high-income say 22 tax bracket consider Traditional. 