He was booked at 2:50 AM and is about to be released at the time of this post. We're told during the time he was held jailers administered a medical screening.. Dallas and his ex-wife, Sarah Davidson, are both stars on the reality show, Private Lives of Nashville Wives..
To make qualified distributions from a Roth IRA, you must be at least 59Â½ and it must be at least five years since you first began contributing. And if you converted a regular IRA to a Roth IRA, you can't take out the money penalty-free until at least five years after the conversion.
1 Thereâs no age limit for contributions to Roth IRAs. 2  For regular IRAs, you lose the ability to make contributions in the year you turn age 70Â½. 3  Not so for Roth IRAs. 4  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.or some people the most important limit on contributions to a Roth IRA is based on modified adjusted gross income (âmodified AGI,â defined below). If this number is too large, your contribution limit may be reduced â possibly all the way to zero.