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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IRS Publication 575
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ECONOMIC CALENDAR
| Time | Country | Indices | Period |
|---|---|---|---|
| 06:30 | Tertiary Industry Index | Apr | |
| 08:00 | Wholesale Price Index | May | |
| 08:30 | Producer & Import Prices | May | |
| 09:00 | SECO Consumer Confidence | May | |
| 10:00 | Trade Balance | Apr | |
| 11:00 | Current Account (sa) | Apr | |
| 11:00 | Industrial Production | Apr | |
| 14:15 | Housing Starts | May | |
| 14:30 | NY Fed Empire State manufacturing index | Jun |
