Yes, friends and classmates, it's time.
If you turned 70.5 in 2009 or earlier you'll need to withdraw your minimum distribution from your tax-deferred retirement accounts by December 31, 2010.
If you turned 70.5 in 2010, you'll need to withdraw your minimum distribution by April 1, 2011.
I don't give tax advice, so for the details, you'll need to find another blog.