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.
Early Withdrawal Penalty. You can take money out of either a traditional or a Roth IRA at any time, but if you're younger than 59 1/2 withdrawals will be hit with a 10 percent penalty unless you can claim some hardship.ne way to withdraw money from a traditional IRA early without the tax penalty is to take substantially equal periodic payments.. This is a withdrawal plan that draws out a certain percentage of your contributions each year, based on an IRS formula for the amount in your fund and your life expectancy.