How to create year-end wealth
As the year comes to an end, there are some things that you can do to reduce taxes, and other strategies that can create wealth: Retirement: If you are self-employed (even part-time), consider opening a retirement plan and defer income from taxes. If you don’t have employees and depending on your salary and age, you could contribute $54,000 this year into a Solo 401(k). If you’re over 50, you can contribute $60,000. If you are employed with a company that has a 401(k), the