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 IRAs
By
Bankrate.com
You cannot keep funds in your
traditional individual retirement account indefinitely. You
must begin receiving distributions -- even if its only the
minimum amount -- by April 1 of the year following the year
you turn 70½. Additional contributions cannot be made
to your individual retirement account either.
A Roth IRA doesn't have the same restrictions.
You can be any age and still contribute. And you can leave
money in your Roth for as long as you live.
Links:
Retirement
plan distributions, The
ABCs of IRAs, Roth
IRA: The tax rules on who can open this retirement account
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