---
title: Maxed out Your 401(k)? Here's How to Save More for Retirement
description: My 401(k) contribution has been capped at 6%. How do I save more for retirement? -- Frankie L., Arlington, Va. As you've found, the IRS…
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published: '2013-07-09T00:31:17.000Z'
modified: '2013-07-09T00:31:17.000Z'
section: Retirement
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![Pile of money](https://img.money.com/2014/06/140601_money_gen_13.jpg?crop=0px%2C733px%2C4780px%2C2689px&quality=85)

*My 401(k) contribution has been capped at 6%. How do I save more for retirement? -- Frankie L., Arlington, Va.*

As you've found, the IRS limits 401(k) contributions by high earners -- chiefly those who earned more than $115,000 in 2012 -- unless their company ensures that lower-paid workers are also saving for retirement.

Start by putting $5,500 ($6,500 if you're at least 50 by year-end) into a Roth IRA, which offers tax-free withdrawals in retirement, says Moline, III., financial planner Marty Kurtz.

In 2013 your allowed contribution falls to zero if your income tops $188,000 ($127,000 if you're single), but anyone under 70½ with earnings can fund a nondeductible IRA and then convert it to a Roth. But you may owe taxes on this back-door deposit if you have other traditional IRAs.

Then buy low-fee, tax-efficient funds in a taxable account, says Kurtz. Index funds work well; their infrequent trading minimizes taxable gains.

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