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.
You only pay taxes once you start to take distributions â in retirement. With a Roth IRA, you get no tax break in the year of the contribution, but you are able to remove the funds tax-free in retirement. In 2014, you can contribute $5,500 to either type of IRA and $6,500 if you are age 50 or older.Let me be clear: If you have income from a job or from a small business, you should have an IRA or a Roth IRA â or perhaps both, depending on your situation. There are no exceptions to that statement. None.ou only pay taxes once you start to take distributions â in retirement. With a Roth IRA, you get no tax break in the year of the contribution, but you are able to remove the funds tax-free in retirement. In 2014, you can contribute $5,500 to either type of IRA and $6,500 if you are age 50 or older.