Greetings, Tpillini, and welcome. You wrote:

<<I'm a self-employed consultant with no employees, no expenses, and make about $40,000 per year. 2000 will be the last year I'm self employed. I have 2 questions. 1) What kind of IRA shouls I set up? and 2)Can I still set one up for 1999?>>

You're certainly eligible for a SEP-IRA, and you can make a deposit to one for 1999 provided you do so by April 17, 2000. For details, see my Retirement Plan Primer at http://www.fool.com/Retirement/Retirement.htm and IRS Publication 560 (Retirement Plans for Small Business) available at http://www.irs.ustreas.gov/prod/forms_pubs/index.html.

Regards..Pixy