The other difference which can be drawn is that illegal is meant for violation of any law made bye legislatures, for instance, violation of traffic rules.But on th ther side, unlawful stands for disobedience to moral and social set of rules along with violatin if laws.he adjectives unlawful and illegal can both mean âcontrary to or forbidden by lawâ, but unlawful has a broader meaning ânot permitted by rulesâ: thus handball in soccer is unlawful, but not illegal. Source(s): askoxford.com. squimberley Â· 10 years ago. Thumbs up.
Roth IRAs come with a special rule: you can withdraw the amount youâve contributed at any time penalty-free and tax-free. The catch is that you have to have proof of how much youâve contributed over the years.
As a general rule, you can withdraw your contributions from a Roth IRA at any time without paying tax or penalty. If you withdraw money from a conversion too soon after that event, and before age 59Â½, you may incur a penalty.wo years later, when you are under age 59Â½, you withdraw $5,000 from the Roth IRA, and the distribution comes from conversion money because you havenât made any regular contributions to your Roth IRA. The distribution isnât taxable because you already paid tax on that amount in the year of the conversion.