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If your 70th birthday is before July 1 of this year, then this will be your first RMD year, and your required beginning date (RBD) will be April 1, 2012...the date by which your first RMD must be removed from your Traditional IRA. All subsequent RMD's in future years must be out of the IRA by 12/31 of that year.

Just a clarification, even though the first RMD might be delayed until the next calendar year, delaying the first RMD to the next calendar year does not change the requirement for the second RMD.
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