On December 1,2013 Irene turned 71 years old.She is still working for her employer and she participates in her employer's 401(k) plan.Irene is not required to receive a minimum distribution for 2013 from her 401(k) account because she has not yet retired.Minimum distributions are required by April 1 of the later of (1) the year after the year in which the employee turns 70½ or (2) the year after the year the employee retires.

Question

Quizplus · Accepted Answer

This is true according to the rules regarding minimum distributions from 401(k) accounts. Irene is not yet required to receive a minimum distribution because she has not yet retired and has not yet reached the age of 70½.

On December 1,2013 Irene Turned 71 Years Old