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.
Opening an IRA. The IRA for Minors is an individual retirement account set up for minors---those under age 18---by their parents or guardians. The account must be set up by the custodian (a parent or guardian), who has to sign the application. The key to establishing an IRA for a minor is whether he has earned income..