Not a problem, you can do it anytime during the year. You can also defer it to 2014. But you have to take it by the time you have filed you taxes. The problem is, that you then have to take two in 2017. So you are much better off pulling it in Jan 2016. You also need to think about how you are going to invest your IRA.
The key to making your money last through retirement is how you invest your money. So learn from the FOUR professors who received
the Nobel Prizes for their research showing how to invest with the highest
probability of success. Here is a FREE ebook based on their award
winning papers outlining their research. It is affirmed by the largest
institutional investor in the world, Norway who invests the same way. If you
read this book, you will learn how to BE the market instead of trying to BEAT
the market, which is impossible.
Also, try thisSimple Retirement Calculator. It is designed to
help you model retirement by being able to see the effect of changing various
assumptions. Play with it and you will see how increasing risk (rate of return)
impacts your results. Notice the chart at the bottom tells you how long your
money will last with the income you enter.