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 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.