When f(x), L, x, and a are real numbers, the distance between two numbers is the absolute value of the difference of the two. Thus, when we say f(x) is close to L we mean | f ( x ) â L | {\displaystyle |f(x)-L|} is small. When we say that x and a are close, we mean that | x â a | {\displaystyle |x-a|} is small.
A qualified distribution from a Roth IRA is tax-free and penalty-free, provided that the five-year aging requirement has been satisfied and one of the following conditions is met: 1  Over age 59Â½. 2  Death or disability.3  Qualified first-time home purchase. qualified distribution from a Roth IRA is tax-free and penalty-free, provided that the five-year aging requirement has been satisfied and one of the following conditions is met: 1  Over age 59Â½. 2  Death or disability.
One rule that investors often do not realize is that there is a requirement to own your Roth IRA for five years in order to withdrawal earnings tax free during retirement.But, like always, there are several things to consider avoiding being penalized by the five year rule with Roth IRA withdrawals.nstead the clock only starts with regular Roth IRA contributions in the very beginning with the first contribution ever to be placed into the Roth. However, this is not the case with a Roth IRA conversion; the five year rule clock restarts with every conversion with the amount and date it was converted.