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.
You cannot contribute more to an IRA than you earn for the year. How little you can put in when you open an account depends on your financial institution. Some credit unions allow you to open an IRA with as little as $25. Once the account is open, you can put in $5 in a year during which you make no more than $5.If your spouse has earned income and the two of you file taxes jointly, you can contribute to an IRA as long as your spouse's income is large enough for each of you to contribute.nce the account is open, you can put in $5 in a year during which you make no more than $5. If your spouse has earned income and the two of you file taxes jointly, you can contribute to an IRA as long as your spouse's income is large enough for each of you to contribute.