To make qualified distributions from a Roth IRA, you must be at least 59Â½ and it must be at least five years since you first began contributing. And if you converted a regular IRA to a Roth IRA, you can't take out the money penalty-free until at least five years after the conversion.
What is GAINFUL EMPLOYMENT? Condition of the employee receiving consistent work and payment from the employer. What a worker or college graduate seeks to provide consistent, continual income for self and family. Used in ranking colleges or universities as an attribute of the training and education received.
The claimant's work may be substantial. even if it is done on a part-time basis or if the claimant does less, gets paid less, or has. less responsibility than when the claimant worked before. (b) Gainful work activity. Gainful work activity is work activity that the claimant does for. pay or profit. Work activity is gainful if it is the kind of work usually done for pay or. profit, whether or not a profit is realized. (c) Some other activities.