Ross Cameron's career started on the 2nd of March 1996, which is more than 21 years ago. The first day of Ross Cameron's career was a Saturday.
A Roth IRA is an IRA that, except as explained below, is subject to the rules that apply to a traditional IRA. 1  You cannot deduct contributions to a Roth IRA. 2  If you satisfy the requirements, qualified distributions are tax-free. 3  You can make contributions to your Roth IRA after you reach age 70  Â½.
1 For regular IRAs, you lose the ability to make contributions in the year you turn age 70Â½. 2  Not so for Roth IRAs. 3  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. 4  A minor can set up a Roth IRA and contribute to it.or each year you contribute to a Roth IRA, you (or your spouse, if you file jointly) must have compensation or alimony income. If you donât have compensation or alimony income you canât contribute, even if you have other types of income.