<prompt> Human: I already have a company 401k that i have been contributing to that is a Traditional Account. Right now i also have a brokerage account set up through Tradeking.com that I have bought a few index funds for this portfolio. Since i am not day trading with this tradeking account should i just cancel this account and transfer it to a Roth IRA where I can still purchase these same index funds? What are your thoughts on the pros and cons if I am investing in the market for the long term.  <response>: It doesnt make sense to save for the long term outside of your tax-advantaged accounts unless you dont have any contribution space left. 