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.
The answer is that if you have a Traditional IRA or if you are considering converting a Traditional IRA to a Roth IRA, you will still need to be concerned about the Required Minimum Distributions rules.owever, Traditional IRAs are generally subject to Required Minimum Distributions beginning at age 70Â½. One of the great advantages of Roth IRAs is that they are not subject to these lifetime Required Minimum Distributions rules. This advantage may be the single most valuable attribute of a Roth IRA.