High income earner. Maxed out work 401k. What's next best step?

Retirement Accounts and Strategies
1

Retirement question - High-income w2 earner ( I’m over the IRA income limits, barely ).

I max out my employer’s 401k ( the contribution limit ). I also have several side gigs ( Single member LLC ) so income goes much higher than IRA will allow.

Can not do HSA as work insurance is low deductible.

What else can I do for retirement? Not able to do IRA due to income. Can’t do more on 401k. Not interested yet in a Solo401k myself.

What is next best step - Would it be a SEP or SIMPLE or am I out of that too because of my income level and contribution to the employer 401k?

Want to reduce tax in this example.

2

Backdoor Roth IRA for you and your spouse (if applicable).

If you are aiming to maximize tax efficient investing, then Solo 401K is the way to go. A solo 401K is generally much more preferrable to SEP or SIMPLE IRA.

Hope this helps.