<prompt> Human: First of all I want to thank personal finance for all the helpful threads and posts!I am 26 years old and make 54000 a year. I have owned a house for the last 2 years with my brother. I pay around 700 a month for mortgage. I paid off all my loans last year and have about 7000 in the bank ATM. I have also matched my employers 403b.I believe the next step here would be to open a Roth IRA and max it out each year. Ive heard everyone saying Vanguard would be a good choice. Does it matter when I open it? Im also looking into buying a new car since my current 2003 Isuzu Axiom might not be lasting me too much longer. Should I wait to have the car paid off before opening a Roth IRA? Will it depend on the interest rate of the loan? Would it be smart to save up enough money to pay the car in full?Thanks for any opinions!  <response>: Check out the first three links in the sidebar, as well as the FAQ. Would it be smart to save up enough money to pay the car in full?In general, yes, but you probably wont have to buy a brand new car. A gently used car inspected by a mechanic will do just fine. 