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

Stop Using Spreadsheets for RMD Calculations

8/17/2022

0 Comments

 
Many firms struggle with calculating Required Minimum Distributions (RMDs) using spreadsheets or, worse, a financial calculator. Of course, when participants are alive and taking RMDs, the calculations are simple. But even that situation is slightly compounded by the new 2022 longevity tables. Some advisors we have spoken with did not realize the tables had changed.

Read More
0 Comments

Inherited Roth Account

8/8/2022

0 Comments

 
​When a spouse inherits a Roth IRA from a decedent spouse, there are two options to acquire the asset and manage the Required Minimum Distributions (RMDs).

Read More
0 Comments

A Focus on RMD Client-based Services

6/27/2022

0 Comments

 
Clients can be segmented by assigning multiple services on the client services screen. Once services are assigned to clients, groups may be created to focus on those receiving a specific service, such as Required Minimum Distributions (RMDs).

Read More
0 Comments

Beneficiary Tracking for Required Minimum Distributions (RMDs)

5/25/2022

0 Comments

 
​When it comes to Required Minimum Distributions (RMDs), a client’s relatives play a significant role when retirement account beneficiaries are established.

Read More
0 Comments

Address Features

5/17/2022

0 Comments

 
Addresses and telephone numbers stored in client relationship management (CRM) software should be capable of meeting a variety of the firm’s communication needs. For example, envelopes should be printable directly from the CRM. 
In ProTracker Advantage, right-clicking on an address provides an extensive menu of capabilities, including

Read More
0 Comments

Finally, a CRM with a robust search feature

4/18/2022

0 Comments

 
​A robust client relationship manager (CRM) is essential to harness data for effective prospect and client communications. Recording every contact interaction facilitates prompt responses to customer questions and client queries. In successful firms, the mantra is, “If it is not in the contact manager, then it didn’t happen.”

Read More
0 Comments

Workflow Management for Financial Advisors

3/10/2022

0 Comments

 
Providing consistent client support is always a challenge, especially when clients are segmented according to their needs. ProTracker Advantage provides financial advisors with a robust workflow management capability.

Read More
0 Comments

Free Migration from Junxure to ProTracker Advantage CRM

2/28/2022

0 Comments

 
​We have been getting calls regarding the announced retirement of Junxure CRM. Junxure was acquired by AdvisorEngine several years ago. Franklin Templeton has since acquired AdvisorEngine. Other client relationship management (CRM) software products have suffered similar fates.

Read More
0 Comments

The Fastest Way to Track RMD 10-Year Rule Accounts

10/12/2021

0 Comments

 
​When the SECURE Act (2019) altered the retirement rules, investment advisors became burdened with managing the new 10-Year Rule. Under this rule, account custodians must distribute the total amount of the retirement account to the inheritor within ten years. During the 10-year period, clients need to be apprised of the remaining years left within the 10-year period.

Read More
0 Comments

The 2022 New RMD Longevity Tables

10/5/2021

0 Comments

 
​Under IRS Publication 590-B, three longevity tables are used for Required Minimum Distributions (RMDs): the Uniform Lifetime Table, the Single Life Expectancy Table, and the Joint and Last Survivor Expectancy Table. The factors in these tables are technically called Applicable Distribution Periods (ADPs).

Read More
0 Comments
<<Previous

    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 2023
powered by harbour light
  • Home
  • RMD Calculator
    • Visual Tour
    • Is It Right for You?
  • Pricing
  • Import Service
  • About Us
  • Blog
  • Contact