16 million is an estimate of how many different colors a 24 bit RGB computer monitor can simulate and while most of us may not care how mant colors we can see in a computer, this does has a little relevance to how many different colors the human eye can distinguish. âTrueâ color is also called 24-bit color .
Required Minimum Distribution. You can take money out of an IRA without penalty as soon as you are 59 1/2. If itâs a traditional IRA, you must start withdrawing a required minimum amount each year starting the year you reach age 70 1/2. Required minimum distributions are also mandatory for Simplified Employee Pension IRAs and Savings Incentive Match Plan for Employee IRAs.
The age at which you must begin taking withdrawals from your individual retirement arrangement depends on the type of IRA. The answer differs if you hold the tax-deferred traditional IRA or the tax-free Roth IRA. In both cases, the minimum age from which you can take distributions without penalty is 59 1/2.If someone leaves you an IRA, the rules are more complicated and depend on the decedent's age.f you do take money out, it can be done at any time and in any amount once you pass the age of 59 1/2 and the account has been open at least five years. If you keep working past the age of 70 1/2, you can continue to contribute to your Roth IRA.