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.
At this age, you generally can begin withdrawing IRA money without fear of a 10 percent IRS tax penalty on premature withdrawals. As far as contributions go, you can make them to both Roth IRAs and traditional IRAs in retirement; however, the IRS does not allow traditional IRA contributions after you turn 70 1/2.t this age, you generally can begin withdrawing IRA money without fear of a 10 percent IRS tax penalty on premature withdrawals. As far as contributions go, you can make them to both Roth IRAs and traditional IRAs in retirement; however, the IRS does not allow traditional IRA contributions after you turn 70 1/2.