Tax Refund Rally Week #2 under way.
Every year except for a few occasions like (year 2000) stocks rally for 6 weeks between March 16 & May 1st.
I call this the Tax Refund Rally.
This year I expect more of the same because stocks have made a correction prior to the rally because of the Libya and Japan scare. That will give even more reason for refund money to be used in buying bargains that were made from the two scares.
IRA Contribution Limits in 2011 = $5,000 annual limit ($6,000 if 50 years of age and above)
If your getting a refund you can put up to $6000 into your IRA if your 50yrs or older.