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.
Social Security defines it as SGA, or substantial gainful activity, which means earning at least a certain amount each month (to see the current SGA limit). Being able to work and yet not being able to earn at least the SGA amount can mean that a person is disabled according to SSA.