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've already paid tax on all your contributions, and therefore you may remove the entire value of your contributions without paying tax again. For example, if you contributed $5,000 to a Roth IRA that is now worth $6,000, you may take up to $5,000 early and not pay tax or penalties.If you withdraw more than $5,000 -- that is, if you withdraw part of the earnings, that amount counts as taxable income.hen you take an early IRA distribution, the taxable portion of the distribution gets added to your other taxable income. For example, if the IRA distribution puts you in the 15 percent tax bracket, you'll pay 15 percent in income taxes.