good investing game plan?

The max amount you can put into a Roth IRA is $5,000, correct? If I max it out in the next month, do I have to wait a fiscal year from now to do it again or does it reset every January?

Sorry, I'm not well versed when it comes to finances.

You can invest $5000 every year from Jan. 1 to Dec. 31. You can't make up your own fiscal year

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Currently living at home. I have no expenses. I should be making anywhere from 50 to 60 this year (sales). I'll have enough saved by the end of next month to max out my IRA.

I also have some student loans. I was thinking of putting everything into a 401k and then paying the minimum each month on the loan.

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Unless your employer matches your 401k contribution, you should max out your Roth IRA first. The principle that you deposit can be taken out without being penalized so if you ever REALLY need the money for an emergency, that is available.

You can contribute up to $16,500 to your 401k each year.

As someone else mentioned, each dollar you contribute to your 401k is done on a pre-tax basis which means you save whatever your marginal tax rate is for that additional dollar you contribute. Making between 50,000-60,000 means your marginal rate will be 25% thus you save a quarter in taxes now for every dollar you put in your 401k. Unlike the Roth IRA, your earnings will be taxed when you withdraw them in the future.

What is the rate on your student loans?

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Should I max out a IRA or roth in the mean time??

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A Roth is where I would start assuming you have some funds in a checking/savings for an emergency (need quick liquid funds).

Max out your Roth ($5,000/year) and then do your 401k (even if it isn't matched by your employer, 401k contributions are tax deductible).

Any reason why you are not making getting out of your parents house a priority? You can't put a price on freedom, independence and bringing random skanks home from the bar.