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Hi,

I retired after 28 years of active duty last year at age 55 and started drawing on my pension but continued to work full time. All of my compensation for work is salary with no possibility of stocks. I'm happy to pay my fair share of taxes, curious what strategies are available to reduce the taxes after I've max'ed out on my retirement plan contributions? Since my spouse works too, this resulted in a major increase in our total salary and income taxes.

The major ones that I'm aware of are:

1) Buying and moving to a more expensive house with a larger mortgage to obtain a larger mortgage interest deduction. This seems to go against the usual advice to pay off your home as you approach retirement and trying to simplify ones life.

2) Buying and actively managing a rental property. My MAGI> $100K so do not qualify for any loss offsets.

Thx in advance for your suggestions!
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