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.
Contribution Limits for Spousal IRAs in 2013. Exactly how much you can contribute changes over time with inflation. In 2013, the limit for spousal IRAs is $5,500. If you are older than age 50 (or will be by the end of 2013), you can add another grand for a limit of $6,500.f the working spouse doesn't have a retirement plan through work, that spouse can also deduct the full amount up to the contribution limit. If that spouse does have a plan at work, deductions for contributions to the spouse's IRA phase out for AGIs between $95,000 and $115,000.