FULL ANSWER
The Roth IRA requires that investors use earned income to make deposits, and it allows contributions after the age of 70 1/2 so long as the investor has earned income during that tax year. Roth IRA investors are never required to take mandatory distributions at any time, but beneficiaries do face minimum distribution rules. Investors may open Roth IRAs at banks, brokerage firms, insurance companies and other types of financial institutions, as stated by Prudential