Riley participates in his employer's 401(k) plan. He turns 72 years of age on February 15, 2020,
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- Riley participates in his employer's 401(k) plan. He turns 72 years of age on February 15, 2020, and he plans on retiring on July 1, 2022. When must Riley receive his first distribution from the plan to avoid minimum distribution penalties?
- By April 1, 2020.
- By April 1, 2021.
- By April 1, 2022.
- By April 1, 2023.
- Riley participates in his employer's 401(k) plan. He turns 71 years of age on February 15, 2021, and he plans on retiring on July 1, 2021. When must Riley receive his first distribution from the plan to avoid minimum distribution penalties?
- By April 1, 2021.
- By April 1, 2022.
- By April 1, 2023.
- By April 1, 2024.
Expert Answer:
Related Book For 
Taxation Of Individuals And Business Entities 2015
ISBN: 9780077862367
6th Edition
Authors: Brian Spilker, Benjamin Ayers, John Robinson, Edmund Outslay, Ronald Worsham, John Barrick, Connie Weaver
Posted Date:
