GPS: 27 South Valley Road, Paoli, PA 19301. 40.0407,-75.4832. You're going to like it here. From the natural beauty of Chester County PA to the convenience and excitement of the Main Line, Village Square is a great place to live. It's a lifestyle that combines a spectacular location, low maintenance and generous features with abundant shopping, easy walkability and access to public transportation.
Most people are eligible to start a Roth IRA. But your eligibility for a Roth IRA may be affected by your income. If you earn too much, you may not be able to contribute. The chart below shows the limits for 2016. For 2016, you can contribute $5,500, in total, to all your IRAs. You can contribute $6,500 if you are older than 50.
1 For regular IRAs, you lose the ability to make contributions in the year you turn age 70Â½. 2  Not so for Roth IRAs. 3  If you meet the other requirements, you can set up a brand new Roth IRA at age 85 and begin saving for your âretirement.â Thereâs also no lower age limit. 4  A minor can set up a Roth IRA and contribute to it.or each year you contribute to a Roth IRA, you (or your spouse, if you file jointly) must have compensation or alimony income. If you donât have compensation or alimony income you canât contribute, even if you have other types of income.