The Executive Report on Managed Care will provide you with twice-monthly news and information on issues affecting the managed care industry, legislation and regulations, real-life examples of how.
1. A distribution from a Roth IRA is tax-free and penalty-free provided that the five-year aging requirement has been satisfied and one of the following conditions is met: age 59Â½, death, disability, qualified first time home purchase. 2. You must be at least 18 to open an IRA at Fidelity. 3. $7.95 commission applies to online U.S. equity trades in a Fidelity account with a minimum opening balance of $2,500 for Fidelity Brokerage Services LLC retail clients.
The Contribution Limit. For 2013 and 2014. the basic limit for regular contributions to a Roth IRA is $5,500 for people under 50 years of age, and $6,500 for those who are 50 or older.(Numbers like this can be found in our Reference Room .) This limit may be reduced for any of the following reasons: 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.