Originally Posted by mispoken

Look into a "backdoor Roth IRA". Essentially, you contribute $5500 to a TRADITIONAL IRA and DO NOT take the deduction at tax time. Once the funds are in a Traditional IRA you fill out a form with your broker to convert the funds into a Roth IRA. This essentially eliminates the income restriction associated with a Roth IRA. What is important is that at tax time you do not take the Traditional IRA deduction and you fill out the form 8606 to show you did a Traditional to Roth conversion. You can do one for yourself, one for your spouse, child etc. You may also look into college savings plans as a way to keep Uncle Sams hands of your money as well. Here is a little more about a backdoor Roth IRA.

https://www.bogleheads.org/wiki/Backdoor_Roth_IRA

Additionally, you have up to $53,000 annually put into to a defined contribution plan such as our 401k. You can google this, or what I really recommend, is calling Fidelity and ask them the details as they will be able to help you define what the contributions are. Essentially the funds will be classified under what is called a 401(a) contribution of which the total contributions may total $53,000. You have reached the limit for YOUR contributions ($18,000) which is why a backdoor Roth may be to your benefit. The company will continue to make contributions up to the annual limit of $53,000.