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.
The Social Security Administration does not count traditional IRA distributions as income in calculating your annual benefit amounts, but the Internal Revenue Service does count the same distributions in figuring your tax liability. Neither agency counts Roth IRA distributions as income.But be careful about converting a traditional IRA to a Roth if you are already drawing Social Security. Not only will you pay tax on the conversion amount, it will probably cause you to pay tax on your Social Security benefits, too.either agency counts Roth IRA distributions as income. But be careful about converting a traditional IRA to a Roth if you are already drawing Social Security. Not only will you pay tax on the conversion amount, it will probably cause you to pay tax on your Social Security benefits, too.