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You have to hand it to the American consumer. Faced with a ravaged economy, millions of lost jobs and the potential descent of the U.S. as a global economic superpower, the Great American Consumer shrugs his or her shoulders, sees lemons and makes lemonade. Read More »
Putting together a list of year-end financial steps? If you’re self-employed, here’s one more to consider — setting up an Individual 401(k). Also called Solo 401(k)s and Self-Employed 401(k)s, these work just like regular 401(k)s offered by many employers, except that the limit on tax-deductible contributions is much higher: $49,000 for 2009, or $54,500 for people 50 and over. Read More »
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