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.
1) Contributions. Tax free in /tax free out. An investor can take out the exact amount of his or her Roth IRA contributions at any time, for any reason without having to pay any tax or penaltyâwith one big caveat. The earnings from your principal cannot normally be withdrawn prior to age 59Â½ without paying the 10% early withdrawal penalty. Earnings can generally be withdrawn without penalties after age 59Â½, provided you meet the five-year rule (see below).