Retirement withdrawal


Q. I retired April 1st this year at age 72. When do I have to start taking money out of my 401k and what percentage would it be?

A. I don’t answer questions about 401k accounts in this forum, but I will answer the question as though it was posed about the TSP. Your first RMD is due by April 1, 2015. I can’t calculate the amount of the RMD from the information you’ve provided, but you can do it using the instructions contained in IRS Publication 590 or using an online calculator from a trustworthy source.


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Mike Miles is a Certified Financial Planner licensee and principal adviser for Variplan LLC, an independent fiduciary in Vienna, Virginia. Email your financial questions to and view his blog at

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