Yes, in the future that would be fine.ralphboy wrote: ↑Thu May 07, 2020 10:15 pmAssuming that I can now only invest $100 a month and can't accomplish (2) and (3). Should I do 3% ($17 a week) in Voya to get the Publix match and $6 a week in the IRA?In general the account funding priority often is:
(1) contribute enough to the employer's 401k plan to get the full employer each every year;
(2) invest in an IRA up to the annual maximum of $6k per year;
(3) if you can invest more then contribute more to the employer's 401k plan.
Now you can do (2) by using money in your Raymond James Taxable account to make the contribution. You have more than $6k in taxable income, so you are eligible to make that contribution. IRA contributions are not like a 401(k). They do not need to come out of your paycheck.
So in your case:
(1) Contribute to the 401(k) as much as you can $100/month
(2) Contribute $6k to the IRA or ROTH from your taxable account
When the taxable account is gone or your contribution will be below $6k then do as you stated above:
(1) contribute enough to the employer's 401k plan to get the full employer each every year 3% ($17 a week)
(2) contribute $6/week in the IRA
If $23/per week into the 401(k) is easier than continuing to make IRA contributions, that is fine too. The IRA has slightly lower expenses, so that's why it's preferred after you aren't getting any more match. The 401(k) has better bankruptcy protection.