<prompt> Human: Hi everyone! I have a newb question regarding my employers 401k plan. I currently contribute 5 of my salary 32,000year to a Roth 401k, which my employer matches 3-6. I was thinking of bumping my contribution up to 10. Is that the best option? Or should I open a Roth IRA and contribute the additional 5 there?Edit: Thanks for the responses everyone! Looks like I need to bump my contribution to 6 and set up a Roth IRA. As far as my employers 401k plan, what is your advice on investment allocation? I have the option of guaranteed, balanced, equity aggressive, fixed income and moderate equity.  <response>: I added topic flair to your post, but you may update the topic if needed click here for helprpersonalfinancewikiflair.You may also be interested in:- 401k Fund Selection Guide- 401k FAQs- I have X, what should I do with it?I am a botrAutoModeratorcommentsq11puwhat_is_automoderator, and this action was performed automatically. Please contact the moderators of this subredditmessagecompose?to2Fr2Fpersonalfinance if you have any questions or concerns. 