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 are also subject to the income phase-outs that come with contributions to a Roth IRA. Required minimum withdrawals for Traditional IRAs start at age 70 1/2, and you have to be age 59 1/2 to begin taking non-qualified distributions penalty-free from your Roth.Make sure you understand IRA rules before opening this type of account for your spouse.equired minimum withdrawals for Traditional IRAs start at age 70 1/2, and you have to be age 59 1/2 to begin taking non-qualified distributions penalty-free from your Roth. Make sure you understand IRA rules before opening this type of account for your spouse.