High earners take a bigger tax hit

... a 401k-- up to $17,500 this year or $23,000 if you're 50 older -- will reduce your taxable income. Convert to a regular IRA to a Roth IRA. You'll be taxed on the money you convert, but you can generally take the money out tax free after age 59 1/2. ...

http://www.walb.com/story/21918541/high-earners-take-a-biger-tax-hit