|
NEW YORK (AP) - Amid the turbulence of the plunging stock market, there's a great opportunity for small business owners — if they set up retirement plans now, they'll position themselves and their employees for big gains when Wall Street finally recovers. And it's still possible to set up a plan and get a break on 2007 taxes.
The savviest investors, especially those saving for a retirement that's years away, buy when the market is down.
"What's the best place for long-term growth? The stock market," said Bob Doyle, president of Doyle Wealth Management Inc. in St. Petersburg, Fla. "It's down, but wouldn't you like to buy something cheaper as opposed to something more expensive?"
|