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You cannot keep retirement funds in your account indefinitely. You generally have to start taking withdrawals from your IRA, SIMPLE IRA, SEP IRA, or retirement plan account when you reach age 70 1/2.
The required minimum distribution for any year is the account balance as of the end of the immediately preceding calendar year divided by a distribution period from the IRS’s “Uniform Lifetime Table.”
Beginning date for your first required minimum distribution for 401(k), profit-sharing, 403(b), or other defined contribution plan - generally, April 1 following the later of the calendar year in which you:
--reach age 70 1/2, or
If you own 5% or more of the business sponsoring the plan, then you must begin receiving distributions by April 1 of the year after the calendar year in which you reach age 70 1/2.
So - if you retire in March 2016 - you do need to take RMD for 2016 - and that distribution must be taken before Apr 1, 2016.