â¢â¢â¢ Mission San Carlos Borromeo de Carmelo. Pgiam / Getty Images The Carmel Mission was the second one built in California, founded June 30, 1770 by Father Junipero Serra.
A Roth IRA is an IRA that, except as explained below, is subject to the rules that apply to a traditional IRA. You cannot deduct contributions to a Roth IRA. If you satisfy the requirements, qualified distributions are tax-free.You can make contributions to your Roth IRA after you reach age 70 Â½.You can leave amounts in your Roth IRA as long as you live.The account or annuity must be designated as a Roth IRA when it is set up. Roth IRA is an IRA that, except as explained below, is subject to the rules that apply to a traditional IRA. You cannot deduct contributions to a Roth IRA. If you satisfy the requirements, qualified distributions are tax-free.
A: You can use your required minimum distributions (RMDs) to fund your Roth IRA as a Roth IRA contribution. This is because the source from which you take the cash to fund your IRA can be from any pool of cash that you have.