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My wife and I are both 57, My current employer sold the business, I plan to work for the new employer until age 62. My wife doesn't work. I will receive a pension with my old employer of 60K. My current salary is 110K. I will continue to contribute to a 401K. To help with my tax liability I'm planni

I'm planning to open a traditional IRA and $13000 one for myself and one for my wife. Is this the best option to reduce my taxes
Income Tax IRA
 

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