Required Minimum Distributions, that is, the percentage of retirement account balances you must withdraw and pay taxes on each year. They begin at age 72. So the news?
The Good News: After 5 years of retirement I still have a balance in my IRA to withdraw.
The Bad News: I’m going to be 72. Seriously? When did that happen?
I suppose in a way you can see that as good news as well. I’m still here and don’t feel a day over 80. C’est la vie!