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.
If you are the owner of a traditional IRA, you must start receiving distributions from your IRA by April 1 of the year following the year in which you reach age 70Â½. April 1 of the year following the year in which you reach age 70Â½ is referred to as the Required Beginning Date (or RBD).