Riley participates in his employer's 401(k)plan.He retired in 2019 at age 75.When must Riley receive his 2019 distribution to avoid minimum distribution penalties?

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Riley must receive his 2019 distribution by April 1, 2020, to avoid minimum distribution penalties. This is because he retired in 2019 and reached age 70 1/2 (the age at which required minimum distributions begin) before the end of the year. The April 1 deadline is applicable for the first year after retirement, but for subsequent years, the distribution must be taken by December 31 of the applicable year.

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