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.
You must start withdrawing money from a traditional IRA at age 70 1/2. The IRS calculates a required minimum withdrawal amount, based on how much money is in the IRA and the taxpayer's life expectancy. That minimum can be withdrawn annually or on a regular basis during the year, so long as the minimum is met.