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.
Age Limit If you decide to fund a Traditional IRA for your spouse, he or she must be under age 70.5 for the year for which the contribution is being made. There are no age limits that apply to Roth IRA contributions.hould you decide to contribute to your spouse\'s IRA, be sure to consider deductibility, including whether either of your contributions can be deducted, and if not, whether a Roth IRA should be funded instead. In addition, be sure to consider eligibility should you decide to contribute to a Roth IRA.