So our nominal gross is ~175K, but we get this down to about 113K MAGI by maxing a 457 and a solo 401K. We are well within the Roth IRA limit, however we are pretty solidly in the 25% bracket right now, so making traditional IRA contributions would be preferable to Roth for us. This 113K puts us near the top of the phase-out range for the traditional IRA. With another 10K in above-the-line deductions, we could make traditional IRA contributions, which would be pretty ideal for us. Any ideas on how to make this happen?
We are already maxing retirement accounts that we have available to us. I've looked at starting a defined benefit plan for myself, but the fees are absurd on the ones I've found (Schwab has one, and so far it is the cheapest I have found at $1200 per year). Any other ideas?