My wife and I earn between $180,000 and $210,000 combined. The amount varies due to job changes and side consulting. She puts about 4% of her salary into a 401k which is fully matched. I put in 6% and that's matched up to 4%.
I want to save more money. I plan on increasing my 401k contribution to $13,000 per year. But I also want to put away more pre-tax money, if I can, in an IRA. Is it possible to put extra money in IRA when our combined income is this high? What is the exact figure that I alone can put in an IRA?
Thanks.