The owner of a daycare center told police that she was hit in the face with a shovel by the girlfriend of a drunken father of three children in her care because she would not allow him to leave the center with the children.
Almost anyone can set up a traditional IRA. The only requirements are that you generally must have taxable compensation (typically, salary or wages from your job) and be under age 70Â½ in order to put money into an IRA. Beyond that, the basic mechanics of setting up an IRA are pretty straightforward.
Retirement Account Highlights Traditional IRA. Once you turn 70 1/2, you are no longer allowed to contribute to a Traditional IRA. In addition, you must begin the process of taking annual RMDs.oth IRA. Anyone with earned wages may contribute to a Roth IRA, and there is no mandate requiring the contributor or his or her spouse to make RMDs. Traditional 401(k). Regardless of age, if you are still working you can continue to contribute to a 401(k) .