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 Individual Retirement Arrangement, or IRA, was first introduced in 1974 as a way to encourage workers to save for retirement. As of 2010, you can deduct up to $5,000 in contributions to a traditional IRA, and an additional $1,000 if you are over age 50. SIMPLE IRA plans are workplace plans for small businesses.As of 2010, you can contribute up to $11,500 to a SIMPLE IRA, and an additional $2,500 if you are over age 50.Contributions to SIMPLE plans don't count against your eligibility to make tax-deductible contributions to traditional IRAs.s of 2010, you can deduct up to $5,000 in contributions to a traditional IRA, and an additional $1,000 if you are over age 50. SIMPLE IRA plans are workplace plans for small businesses.