Report Abuse. 1  Holy Moly Origin. 2  Holy Moly Meaning. 3  Mole pronounced moly is a type of sauce originating from Mexico.  It started in my young life in the 1940 s when we were interested in reading Captain Marvel Comics.
If you are over 59Â½, you may withdraw as much as you want so long as your Roth IRA has been open for at least 5 years. If you are under 59Â½, you may withdraw the exact amount of your Roth IRA contributions with no penalties. There are special exemptions for first-time home purchase and college expenses.
Roth IRAs: 1  Roth contributions (but not earnings) can be withdrawn penalty-and tax-free any time, even before age 59 Â½. 2  five tax years after the first contribution, you can withdraw up to $10,000 of Roth earnings penalty-free to pay for qualified first-time homebuyer expenses.hatâs because it determines whether the tax rate you pay on your Roth IRA contributions (todayâs tax rate) is higher or lower than what youâd pay on your traditional IRAâs withdrawals in retirement. Of course, itâs hard to predict what federal and state tax rates will be 10, 20 or even 40 years from now.