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.
Required Minimum IRA Distribution begins once the qualified account owner reaches age 70Â½. Upon reaching age 70 Â½, IRA withdrawals must begin no later than April 1 of the following year. The exact IRA distribution amount is based on the account value at year-end along with the ownerâs life expectancy, so it changes each year.