When to use Void or Value-Returning Functions: 1  Void Function: when must return more than one value or modify any of the caller's arguments. 2  Void Function: when must perform I/O. 3  Void Function: when in doubt, can recode any value-returning function as void function by adding additional outgoing parameter.
No contributions allowed after age 70-1/2. None. Annual Earned Income Requirements. Total traditional IRA contribution amount for both spouses cannot exceed total amount of your joint taxable income, or double the annual IRA limit, whichever is less.bility to deduct contributions to a traditional IRA may be limited or entirely eliminated if the working spouse contributes to an employer-sponsored plan. No effect on eligibility for spousal Roth IRA. Age Limits on Contributions Yes. Contributions are not permitted for a nonworking spouse beyond age 70 1/2.
In most cases, the spouse can then contribute up to the annual limit (in 2012, $5,000; $6,000 if over age 50). The only wrinkle comes if the working spouse doesnât have much income. Then, the spousal contribution is limited to that income minus any Roth IRA contributions made on behalf of the working spouse.n most cases, the spouse can then contribute up to the annual limit (in 2012, $5,000; $6,000 if over age 50). The only wrinkle comes if the working spouse doesnât have much income. Then, the spousal contribution is limited to that income minus any Roth IRA contributions made on behalf of the working spouse.