Just a kind reminder in case you don;t know.

You can contribute traditional IRA and the money is deductible from your income even you have a employer-sponsored retirement, such as a 401K. Check any 1040 instruction. If the AGI is less than 89K for a married couple filing jointly, the 5000 contribution is all deductible. Between 89K--109K, this is the phase-out area. Above 109K, you can't deduct the contribution.

I know you are in CA, and your income might be much higher than the phase-out numbers. Some other area people may needed this. I contribute enough to 401K every year to make sure I can deduct the 5000 IRA from my income.