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Qualified Distribution |
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Qualified Distribution A tax-exempt payment made to an annuitant from a Roth IRA. In order to be qualified, a distribution must occur at least five years after the Roth IRA was established and the annuitant must be at least 59.5 years old (unless there are extenuating circumstances such as a disability). A distribution is qualified because the contributions to the IRA are not deducted from the annuitant's taxable income. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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