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.
Old IRA Establishment. You can continue to contribution to an IRA in any year as long as you have the income to equal the contribution. As of 2011, if you are over the age of 50, your maximum contribution is $6,000.Traditional IRAs have mandated Required Minimum Distributions starting the year you turn 70.5.he only qualification is the child must have declared earned income. This can be from a television commercial using the child's likeness or even a lemonade stand or summer life guarding job. If a child has $3,000 in annual income, the IRA contribution can be up to that earned amount.