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.
Example: You inherit a Roth IRA that was established two years earlier. The Roth IRA includes $96,000 from a rollover contribution and $4,000 of earnings. You can immediately withdraw the entire $100,000 and pay tax (but no penalty) on the $4,000 of earnings.s a result, a beneficiary may have to pay tax on earnings withdrawals if the original ownerâs death and the beneficiaryâs withdrawal both occur shortly after the Roth IRA is established. This result isnât as harsh as it may seem, however.