<prompt> Human: Hi,I graduated from university last year with 0 student loans. Ive been working ever since and make salary 65,000 a year. I lived extremely below my means no life and saved up and a few investing and have 70,000 so far in cash and 4,000 in my 401k. I probably still owe about 8,000 in capital gains tax.I had no life lived in my parents house and will be moving out soon so Ill be paying rent probably around 1,000 a monthI currently have no car. Would it be wise to treat myself to a 30,000 car? If not, what should be my budget?Where elsehow much should I investdistribute my money?Checking Account: 70,000401k: 4,000Taxes Owed: 8,000Debt: 0Assistant: First off, you should probably be saving more for retirement. If youve worked for a year at 65k and only saved 4k, thats 6. Try to get up to 15 at least and then consider buying a car. Human: I have 70,000 saved.Assistant: Hes talking about tax advantaged savings. With that amount in your savingsemergency fund, you really should be trying to max out your 401k and Roth IRA. Human: Good point. Im thinking of transferring a bulk of the 70k into my 401k account. Is that a good idea?  <response>: You cant do that. Its not how 401ks work. Read the side bar on Retirement. 