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.
IRA required minimum distributions table. Tax law requires individual retirement account holders to begin taking out at least minimum amounts, known as required minimum distributions, or RMDs, from their accounts once they reach age 70Â½. Technically, that means the IRA money must start coming out in specific increments no later than April 1 following the year you reach that age.