ethanol affectionately known as hooch,golf fairways would suffer

April 1 2006

Hello,

The best start for stocks in the last six years and all anyone can talk about is how ethanol, (affectionately known as hooch) and how it will replace MTBE (methyl tertiary butyl ether, don’t ask) in your gasoline. Gasoline will now post proof in the lieu of octane levels. This is all part of the administrations new energy policy attempting to expand refinery capacity buy encouraging still owners and pushing energy independence through the use of moonshine. Saudi Arabia was quick to point out that consumption of alcohol was forbidden in the Kingdom and was further evidence that the great satin himself was trying to undermine the morals of their society.

A further dampening of market spirits was felt when the FED announced that moves to signal a change in policy of raising rates were merely an April Fools joke gone too far ,and that the preeminent policy of the FED remains to teach a new generation of home buyers a lesson in the dangers of buying real-estate “no money down” .

Mayor Mike Bloomberg put his own spin on the immigration debate complaining that golfers would unfairly carry the burden of any restrictions on illegals. The PGA immediately announced that it was organizing a protest asking members to just put around the office all next week. Anyway I am going to keep reminding you:

IRA Contribution Limits
YEAR AGE 49 & BELOW AGE 50 & ABOVE
2002-2004 $3,000 $3,500
2005 $4,000 $4,500
2006-2007 $4,000 $5,000
2008 $5,000 $6,000

After 2008, the contribution limit will raise in increments of $500 depending upon the level of inflation.

Call me today for the easy IRA Kit 1(888)599-1188

If you are single and your modified adjusted gross income is below $50,000, you can sock away $4,000 in a traditional IRA. If you happen to be 50 or older, you may add $500 under the catch-up provision. In order to receive the full deduction, your modified adjusted gross income must be below $70,000, if you are married and filing jointly. If you earned more than these amounts, you may still be able to contribute and receive a partial deduction, but you should consult with your accountant.

The income limits for ROTH IRA's are much higher, $95,000 or less for single taxpayers and $150,000 or less for married people filing jointly. The great thing about the Roth IRA is that growth is tax free! You must leave the money in past age 59½; however, you do not have to take withdrawals and are not forced to do so at age 70½.

James

www.jamesfoytlin.com