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You're right about the IRAs only offsetting earned income but there is one nuance there: if one person works, *both* can still take the IRA deduction. In my case, my SO earns about 20K as a substitute teacher and we can deduct up to 13K in an Trad IRA to avoid the cliff. Also, in my case, I...

You wrote that you are a few years out from retirement....let's hope that the ACA subsidy is still around then and that preparing for "the cliff" is still an issue! Here is my real-life experience: Our income the last few years has been specifically managed to avoid the cliff. Our income...

"Our philosophy is that we are very fortunate and we don't mind paying our fair share. We would be happier if the gov would spend our money more wisely and tax everyone more fairly." My philosophy too, although I am trying to stay aware of the fact that all of us are not really paying our fair...