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.
The amount you can contribute to a Roth IRA: 1  Can't exceed the amount of income you earned that year. 2  Can't exceed the IRS-imposed limits (see below). 3  Could be reducedâor even eliminatedâbased on your modified adjusted gross income (MAGI) .OTH IRA. There are no penalties on withdrawals of Roth IRA contributions. But there's a 10% federal penalty tax on withdrawals of earnings. Exceptions to the penalty tax. TRADITIONAL IRA. With a traditional IRA, there's a 10% federal penalty tax on withdrawals of both contributions and earnings.