Thanks GCC

[mountaintown]

GCC,

Thanks to your posts in the last few years my AGI went down almost $25,000! I almost cut my tax bill in half! Additionally, my Networth has just about tripled in that timeframe.

How I did it:
-Realizing wife 457 is magic(I actually have to give special thanks to Millionaire educator on this)
-Realizing I should do traditional TSP not Roth
-By doing the above strategies I kept our MAGI low which keeps us into the qualifying range for traditional IRA's, thereby saving us more in taxes
-We have a fair amount of medical expenses so we almost max out flexible spending accounts(about $5000)

Any other thoughts on what what we could do? I have consider HSA's on the next phase but considering we have such high medical expenses I have been reluctant to enter a HDHP. I have it on my plan but my wife doesn't and her employer tends to pay a little more for health insurance.

If we don't do HSA's we hope to delve into taxable accounts soon....but for now my wife is pushing me to spend a little more money on fun stuff !!

[gocurrycracker]

Awesome! Glad you were able to reduce your tax burden

As an employee options are limited, and it sounds like you are already taking advantage of all of them.

You are contributing to tax deductible retirement accounts which is the biggest benefit. Sounds like an HSA isn't right for you since you have the $5k in medical expenses.