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.
1 Thereâs no age limit for contributions to Roth IRAs. 2  For regular IRAs, you lose the ability to make contributions in the year you turn age 70Â½. 3  Not so for Roth IRAs. 4  If you meet the other requirements, you can set up a brand new Roth IRA at age 85 and begin saving for your âretirement.â Thereâs also no lower age limit.or some people the most important limit on contributions to a Roth IRA is based on modified adjusted gross income (âmodified AGI,â defined below). If this number is too large, your contribution limit may be reduced â possibly all the way to zero.