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.
Withdrawals of Roth IRA contributions are always both tax-free and penalty-free. But if youâre under age 59Â½ and your withdrawal dips into your earningsâin other words, if you withdraw more than you've contributed in totalâyou could be subject to both taxes and penalties on the earnings portion of the withdrawal.