Last Minute year-end retirement deductions

Time is ticking away, and guess what? Your retirement is getting a year closer! But don’t worry, you’ve still got time to make some smart moves before December 31 to boost your retirement funds. Let’s check out five cool strategies that could put a few thousand dollars (or maybe more!) in your pocket. But here’s the catch — you gotta act now to get that cash. So, let’s dive into the big picture! 1. Establish Your 2023 Retirement Plan Are you wondering if you have your retirement plan in place? If not, it’s time to get that sorted. Whether you’re a business owner or a sole proprietor, setting up a retirement plan can get you a tax deduction for 2023. For most plans, you, as the owner, can make both employer and employee contributions, allowing you to stash away a good chunk of money. Make sure you know the deadlines for both types of contributions. <a href="https://medium.com/@chrispedencpa/last-minute-year-end-retirement-deductions-261be7017f7f">Learn More</a>