No 401(k) and IRA Maxed Out? You Might Be Able to Save More for Retirement Here
IRAs are excellent retirement accounts. They give you the flexibility to invest how you want and you can choose when you want to pay taxes on your funds. But they also have a pretty big drawback. You're only allowed to set aside up to $7,000 in 2024 or $8,000 if you're 50 or older. That's far less than the $23,000 and $30,500 contribution limits, respectively, for 401(k) owners.
You may feel as if you're stuck waiting until 2025 if you've maxed out your IRA and don't have access to a 401(k). But you might have another option.
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Source Fool.com