• Home
  • RMD Calculator
    • Visual Tour
    • Is It Right for You?
  • Pricing
  • Data Import Service
  • About Us
  • Blog
  • Contact
ProTracker RMD Calculator Assistant
  • Home
  • RMD Calculator
    • Visual Tour
    • Is It Right for You?
  • Pricing
  • Data Import Service
  • About Us
  • Blog
  • Contact

How to Calculate RMDs for a Spouse who Inherits

6/30/2021

0 Comments

 
Required minimum distributions (RMDs) for spouses took a slightly new turn under the SECURE Act of 2019. The Required Beginning Date (RBD) was changed to April 1 of the year after the participant would have reached age 72. The RBD age for the past 44 years was 70-1/2.
​
If the participant died before his or her RBD...

Read More
0 Comments

How to Decide on RMDs for Eligible Designated Beneficiaries

6/23/2021

0 Comments

 
​The SECURE Act of 2019 introduced a new term “Eligible Designated Beneficiary.” The Act established a 10-Year Rule as the maximum payout period for inherited retirement accounts that were inherited from participants dying after 12/31/2019, with a few exceptions. The exceptions apply to Eligible Designated Beneficiaries (EDBs), defined as follows:

Read More
0 Comments

The Best Way to Track RMD 10-Year Rules for Clients

6/15/2021

0 Comments

 
​The SECURE Act (2019) dramatically altered the retirement rules, including the introduction of a 10-Year Rule. Under this rule, account custodians must distribute the total amount of the retirement account to the inheritor within ten years. 

Read More
0 Comments

Simplify Required Minimum Distribution Calculations with an RMD Wizard

6/8/2021

0 Comments

 
​The complexity of each Required Minimum Distribution (RMD) scenario can be mind-boggling. The best approach is to set up each client scenario in a client relationship management (CRM) system such as ProTracker Advantage®.
Once the initial parameters for a client scenario are saved, an RMD Wizard may be used to rapidly compute each client’s RMD for the new year. There is no need to look up longevity factors in a table and type them into a spreadsheet.

Read More
0 Comments

How to Choose the Right RMD Calculation Scenario

6/1/2021

0 Comments

 
​The first step in calculating a Required Minimum Distribution (RMD) is to understand the client scenario. There are six possible scenarios.
Picture

Read More
0 Comments

    Author

    Warren J. Mackensen
    Company president and experienced financial advisor.

    Archives

    August 2022
    June 2022
    May 2022
    April 2022
    March 2022
    February 2022
    October 2021
    September 2021
    August 2021
    July 2021
    June 2021
    May 2021
    April 2021

    Categories

    All
    Financial Advisor Software
    Retirement Projections
    RMD Calculator

    RSS Feed

ProTracker RMD Calculator Assistant logo
ProTracker RMD Calculator Assistant was developed to take the headache out of calculating and tracking RMDs, which has become even more odious with the new SECURE Act. Our experience as advisors gives us a unique understanding of your needs, and our goal is to make your business more efficient.

To learn more about ProTracker Advantage® (CRM) for your firm, fill out our CRM evaluation form. We respond to all inquiries.
©Copyright 2021
powered by harbour light
  • Home
  • RMD Calculator
    • Visual Tour
    • Is It Right for You?
  • Pricing
  • Data Import Service
  • About Us
  • Blog
  • Contact