<prompt> Human: Hi. As the thread title says, I am having a hard time understanding why this advice is thrown around so often around this subreddit. Can someone please explain why this is such good advice for almost every post I see about retirement funding? I guess Ill throw in a personal question as well for my situation. I am 24 years old and take home a 6-figure salary. I was under the impression that Roth IRAs are for individuals that are young and expect to make more money as they grow older. Personally, I dont think my salary is going to increase that much throughout my career I am content with this. Does the Roth IRA still make sense for a person in my position? Currently I am throwing my money into my companys 401k plan 100 towards Vanguard Target retirement date that does not have any matching. Am I making a mistake?  <response>: Over 100k for a 24yr old is the top 1. Thats why you dont fit the traditional suggestions here. Roth makes sense if youre just getting started and have a ways to move up. 