Riley participates in his employer's 401(k)plan.He retired in 2018 at age 75.When must Riley receive his distribution pertaining to 2018 to avoid minimum distribution penalties?

Question

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Riley needs to receive his distribution pertaining to 2018 before April 1, 2019, to avoid minimum distribution penalties. This is because he turned 70½ before December 31, 2019, and therefore must take his required minimum distribution (RMD) for the year in which he turned 70½ by April 1 of the following year. This rule applies to traditional IRAs, SEP IRAs, SARSEP IRAs, and SIMPLE IRAs, as well as 401(k) plans.

Riley Participates in His Employer's 401(k)plan