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.
Definition. Employment qualities or attributes of a prospective or current employee that an employer is allowed to consider under law for the purpose of hiring or retention. The qualifications may include gender, age and national origin, if those characteristics are considered essential to the job requirements.ona fide occupational qualifications (BFOQ). Employment qualities or attributes of a prospective or current employee that an employer is allowed to consider under law for the purpose of hiring or retention.