Our household income is 400k. Are we eligible to contribute to a traditional IRA? I’m pretty sure we can’t but wanted to confirm. Currently contributing to 401k and doing a mega backdoor Roth IRA.

likehelpful
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works at
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Anything else we can do to save or defer taxes now or in the future? I can’t do HSA due to a different health plan and no kids yet, so no 529 plan yet. Anything else that I’m missing?

Seattle WA so no state tax

You are always eligible to contribute to a traditional Ira but you are not eligible for a tax deduction. I think a brokerage account is better than a nondeductible traditional IRA. Can you do a backdoor Roth IRA instead?

Ah thanks for explaining!

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Does spouse have a 401k?

Yes he contributes to his own 401k

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