Origin of the name Kenneth: Of Scottish origin, Kenneth is the Anglicized form of the Gaelic Cinaed and Cionaed (born of fire), and Coinneach and Caoineach (comely, handsome). Short: Ken. Pet: Kenny.
An IRA disbursement must always be reported as income on your tax return, but it won't always be taxable. The taxability depends on whether your taking disbursements from a Roth or traditional IRA and whether you're taking qualified or nonqualified distributions.
Eligibility to make Roth IRA contributions is phased out once an individual's income is between $114,000 and $129,000 in 2014 ($181,000 to $191,000 for couples). But investors who earn more than the income cutoff may still be eligible to convert traditional IRA assets to a Roth.