We do intend to maintain part time job. With both of us contributing $6500 each, if you do it right, you can make that 25% tax liability disappears over 2-3 yea...

So, effectively I can recycle the same $6500 IRA contribution to reduce prior year's income and postpone the tax until next year, perpetually, until the minimum...

Thanks. I am over 60 and am retiring this month. I expect my income to be less this year than last, thus, the lower tax rate, and assuming no tax law changes in...