A critical date is approaching for many people who attained age 70½ in 2015. By Apr. 1, 2016, you must commence making required minimum distributions (RMDs) from your regular IRAs. Also, if you were a participant in a qualified retirement plan (e.g., 401(k) plan), you must begin taking distributions by Apr. 1 of the calendar year following the later of the year in which you: (a) reach age 70½, or (b) retire (except for 5% owners, who are subject to the same rules as IRA owners).  Please call our office if you have any questions.