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