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.
Workers can contribute up to $5,500 to an IRA in 2015 or $6,500 if they are age 50 and older. Saving this amount requires a contribution of $458 per month or $542 for people age 50 and older.ontributions to a Roth account donât get you a tax break in the year you make the contribution, but withdrawals in retirement, including the earnings, are tax-free. Roth IRA eligibility phases out for individuals earning between $116,000 and $131,000 and couples bringing in $183,000 to $193,000.