I am self employed, and am having some difficulty deciding if I should sock away any money for retirement this year. I currently have 15K or so sitting in a savings account, and was considering doing a SEP or Simple IRA so I could lower my tax liability. However, I would like to keep as much liquid as possible, as I intend to build a house this year. My question is, can I pay taxes on that $$ this year, and then claim it next year if I have money left over from the house being built (assuming I use an investment instrument that has higher contribution limits)?
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