<prompt> Human: Im wondering if we maxed the contribution of 5.5k and lower her net income down from 25 to 20k would be a better tax advantage for the next couple years than to have a roth IRA. She will probably be self-employed for another five years. Assistant: If you guys file taxes jointly then you need to base the decision off of your joint income, not just your wifes.Whats your joint income?Human: Our joint income is about 100k - 105k depending on bonus.  <response>: If youre already maxing your 401k and you want more tax deferred space you could open up an SEP IRASIMPLE IRASolo 401k for your wife. I like solo 401k the best but you should research the options.If 5.5k is all you want to contribute than a traditional IRA is fine although at that small amount Id probably stick with a Roth over traditional but its debatable. 