<prompt> Human: Ive maxed out my 401k contribution for the year 17,500 and my company matches something like 6-8 of my income up to a max of 15k a year into my 401k. Now that Ive done that, what else should I be doing with the extra income Ill be taking home? Ive seen some talk of an IRA around here but Im not familiar with that. Ive just been taking half of one paycheck a month and throwing it into savings, and the rest is going towards rent and miscellaneous expenses.  <response>: This is a friendly reminder to visit our FAQ entry on Retirement AccountsYou might also benefit from this common topic: I have X, what should I do with it?This is a nice graphic to help provide visual context.Also, please visit our FAQ!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. 