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.
A living owner of a traditional IRA must begin to take distributions from the account during the year that the owner attains age 70 Â½ years of age â even if the owner does not want or need to. The required amount is called the required minimum distribution or RMD for short. living owner of a traditional IRA must begin to take distributions from the account during the year that the owner attains age 70 Â½ years of age â even if the owner does not want or need to. The required amount is called the required minimum distribution or RMD for short.