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.
What does it mean to not be able to engage in a gainful occupation? Long-term disability (LTD) policies typically define disability in one of two ways. In an own occupation policy, you're disabled and entitled to long-term disability benefits if you have a medical condition that prevents you from performing the duties of your own occupation.