Hi,
My wife is currently on a postdoctoral fellowship from NIH, a F32 NRSA scholarship. The scholarship is about 50k/year and is only subject to federal tax.
We are trying to reduce our taxes as much as possible and I am currently maxing out my 403b, and we both contribute the most we can to our traditional IRAs.
My question is can she contribute to something else similar to a 403b, individual 401 etc., to reduce our tax liabilty?
Thank you