Once you have your 401(K) funded up to the company match you need to look at additional ways to fund your retirement.

Traditional IRAs: These retirement accounts are funded with pre-tax money. You do not pay taxes on the money until you withdraw it. There are certain requirements you must meet to open a traditional IRA that are based on income levels. The amount you can contribute each year is $4,000 if you are below age 50.

Roth IRAs: This type of retirement savings account has only been around since 1998. This type of account is funded with money that you've already paid taxes on. So upon withdrawal, the money is tax-free. This money (what you've personally invested, not the earnings) also is available any time you might need it without penalty. This should only be done in a true emergency though.

The maximum you can contribute to a Roth IRA in 2007 is $4,00 if you are below 50 years of age. The limit goes to $5,000 in 2008.