Riley participates in his employer's 401(k) plan.He retired in 2013 at age 75.When must Riley receive his distribution pertaining to 2013 to avoid minimum distribution penalties?

Question

Quizplus · Accepted Answer

Riley must receive his distribution pertaining to 2013 by April 1st of the following year after he turned 70 1/2, which in this case is April 1, 2014. Waiting until December 31, 2013, would be too late and result in minimum distribution penalties.

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