QUALIFIED DISTRIBUTION
Distributions made from a Roth IRA that are tax and penalty free. In order to be a qualified distribution, the following two requirements must be met:
- It must occur at least five years after the Roth IRA owner established and funded his/her first Roth IRA
- At least one of the following requirements must be met:
- The Roth IRA holder must be at least age 59.5 when the distribution occurs.
- Distributed assets limited to $10,000 are used towards the purchase or rebuilding of a first
- home for the Roth IRA holder or a qualified family member.
- The distribution occurs after the Roth IRA holder becomes disabled.
- The assets are distributed to the beneficiary of the Roth IRA holder after his/her death.
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ECONOMIC CALENDAR
| Time | Country | Indices | Period |
|---|---|---|---|
| 07:00 | Leading Indicators | May | |
| 10:00 | Ifo Business Climate Index | Jul | |
| 10:00 | Ifo Current Assessment | Jul | |
| 10:00 | IFO - Expectations | Jul | |
| 10:00 | Private Sector Credit | Jun | |
| 10:00 | M3 Money Supply | Jun | |
| 12:00 | CBI retail sales volume balance | Jul | |
| 14:30 | Durable Goods Orders | Jun | |
| 01:01 | BRC Shop Price Index | Jul |
