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.
Penalties on Earnings from Contributions. Unless an exception applies, most distributions from a Roth IRA before the owner reaches age 59 1/2 will be subject to an early withdrawal penalty of 10% on the amount of the distribution.ecause, for a Roth IRA, you have met the five tax-year exception on the converted funds and therefore dodge the 10% penalty on these distributions. But, there is no five-tax-year exception for a traditional IRA.