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.
Think of it this way: It's far better to pay a tax on the $1 you contribute to a Roth IRA now, and no tax on the $10 you withdraw 30 years later, than it is to pay no tax on the $1 you contribute to a conventional retirement plan and a hefty federal income tax (up to 35%) on everything you withdraw later.hat's the total you can contribute to all your IRAs, whether traditional or Roth. Eligibility. You can make the full $5,000 contribution if your adjusted gross income is less than $105,000 (or, for a married couple, $167,000).