<prompt> Human: I earn 50kyear with no retirement plan. I am debt free and able save up to 50 of my after-tax earning.I have about 20k sitting in my bank. I am thinking about maxing out both Roth and Traditional IRA. Is this a good idea? Ultimately, these money will be withdrawn for my first home purchase in the far future.What are other choices if any?Thanks  <response>: You cant max out Roth and traditional IRA. The limit between both of them is 5500. If you max out one, you cant contribute anything to the other. 