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.
You are only officially disabled if you are unable to perform substantial gainful work (SGA). However, Social Security usually permits you to earn up to about $1,090 a month ($1,820 if you are blind) before you will be considered to be performing substantial gainful work. But this income limit is not an absolute rule if you own your own business.