A qualified distribution is a distribution that is made after a five-taxable-year period and meets at least one of the following conditions shown below;
1) Made on or after the date the owner attains age 591/2.
2) Made to a beneficiary or the estate of the owner on or after the date of the owner’s death.
3) Attributable to the owner’s being disabled.
4) Used under the first-time home purchase provision.