<prompt> Human: Hi there, my current income is 140K going up to 170K wrelocation to California. Thats wage, bonus and side hustle income. Cant make any contributions to IRAs. So wondering what else I might be missing. Current approach: Emergency fund 50K 6mo generous expenses Maxing out 401k includes 1:1 match up to 5 of salary Pre tax Savings rate: 25 15 reserved for retirement funds, another 10 on top of that Maxing use of ESPP 25kyr 15 discount Rolling over 500 HRA each year Non-cash portfolio: 40 total US equities, 32 total intl equities, 20 bondsmoney 8 REITFinancial goals are basically growing side hustle, saving for house kids education.Seems pretty simple. What else can I be doing? Tax loss harvesting? Other ways to lower my taxes? Assistant: What else can I be doing?You can probably do a backdoor Roth IRA. Tax loss harvesting?If you have losses to harvest... Other ways to lower my taxes?Not really. If your side hustle is a business you can learn about taxes and try to write off as much as possible. Human: Well my understanding is if I dont have a traditional IRA, and I cant fund one, there is nothing to do a backdoor Roth ira with. I do write off my side business as a total loss currentlyAssistant: lol. why cant you find one? Just call any brokerage and open an IRA.You can write off into the negative and then deduct the losses against your other income.Human: If your income is above a certain level you are prohibited from contributing to an IRA. Unless I have that wrong  <response>: you have that wrong. Anyone can contribute but youre not able to deduct it on your taxes due to your income. But you can rollover the account to a Roth, effectively letting you contribute to a Roth IRA. Its called a backdoor Roth IRA, its a loophole, its super popular. 