Older adults often demonstrate a monitoring deficit by producing more high-confidence memory errors on recognition memory tests. To eliminate lower memory performance by older adults (OA) as a candidate explanation, we studied how distinctive encoding enhances the retrieval-monitoring accuracy in older adults and younger adults (YA) under different delays (2-day delay for OA, 7-day delay for YA). Individuals viewed items consisting of four randomly selected exemplars (e.g., SALMON, BASS, PERCH, and SHARK) from a taxonomic category (e.g., FISH), one being designated as the to-be-remembered target. Participants were randomly assigned to two encoding conditions: Shared (generate a shared feature of all exemplars, e.g., GILLS) or Distinctive (generate a distinctive feature of the designated target). We collected retrospective confidence judgments (RCJs) after a five-alternative forced-choice (5AFC) recognition test, with the lures being either previously presented (old) exemplars or new category exemplars. Recall and recognition memory were better with distinctive encoding, with shared feature generation producing more high-confidence false alarms (HCFAs). Distinctive encoding dramatically reduced HCFAs and improved RCJ resolution. Comparison of OA with 2-day delay YA revealed age differences in HCFA consistent with previous studies. As important, age differences in memory for OA and 7-day delay YA were minimized, eliminating age deficits in HCFAs. Matching OAs to a subset of 7-day delay YAs on recognition memory produced additional evidence favoring the null hypothesis of age-equivalence in HCFAs. The results therefore indicated that age differences in recognition-based retrieval monitoring in a forced-choice recognition test are an epiphenomenon of age differences in memory.