hi ed,
i’m coming to the expert since the accountant could not give my son the answer.

my son was widowed several years ago and was left with a baby less than 2 years old. he had to leave his job to care for the baby and collected social security up until mid 2011 when he remarried and social security stopped.

he fixed up one house last year which he sold for a profit. he did that under a corporate name. he is the sole owner of that corporation.

here is the question now. what if at all can he contribute for 2011. should he have a keogh or ira or both or should he do a spousal ira. obviously, i would need an answer prior to april 15.

thank you so much ed.