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.
Definition of Gainful Occupation: A Common Issue in Long-Term Disability Disputes If there's no job you can reasonably do where you make at least 60-80% of your pre-disability earnings, your long-term disability company should pay you benefits.