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.
If youâre at least age 59Â½ and your Roth IRA has been open for at least five years, you can withdraw money tax- and penalty-free. See Roth IRA rules for ages 59Â½ to 70. With a Roth IRA, there are no required distributions as there are with a Traditional IRA. If youâre between age 59Â½ and 70, there are several important factors that impact annual distributions from an Inherited IRA (not an IRA that youâve simply transferred on your own). Keep in mind: