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ProTracker RMD Calculator Assistant
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How to Simplify RMD Account Reviews

8/26/2021

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​The SECURE Act of 2019 increased the complexity of administering retirement plans for clients. Financial advisors are responsible to track the setup, investment, and distribution of these important client resources.

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The Best Way to Handle RMD Account Expirations

7/29/2021

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​Under the SECURE Act (2019) , beneficiary designations took on added importance because the SECURE Act introduced a 10-Year Rule wherein account custodians must distribute the total amount of the retirement account within ten years.
Non-designated beneficiaries (charities, estates, and non-see-through trusts) may have only five years to distribute the account if the participant died before his or her Required Beginning Date (the 5-Year Rule).

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Essential Tips for RMD Successor Beneficiaries

7/20/2021

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​Under the new SECURE Act of 2019 rules, Required Minimum Distributions (RMDs) for beneficiaries inherited after 2019 depend upon the date of death of the Participant. 
We added a sixth option in Step 1 to accommodate the 10-Year Rule, specifically, the “Successor Beneficiary” option. We now designate the Participant as the “Primary Beneficiary.” All follow-on beneficiaries are “Successor Beneficiaries.”

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How to Handle RMDs for Designated Beneficiaries

7/7/2021

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​The SECURE Act of 2019 dramatically altered the rules for Required Minimum Distributions (RMDs) for designated beneficiaries. The distribution of an RMD to a designated beneficiary or a successor beneficiary now depends upon the date of death of the participant.

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How to Calculate RMDs for a Spouse who Inherits

6/30/2021

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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.
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If the participant died before his or her RBD...

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

6/15/2021

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​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. 

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Calculating and Documenting RMDs with a CRM

5/25/2021

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CRM software for financial advisors used to calculate RMDs
​Financial advisors have a huge responsibility to assure that each client retirement account has primary and secondary beneficiary designations. These beneficiary designations should be documented within the advisor's Client Relationship Management (CRM) system.

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Document Management for Financial Advisors

5/18/2021

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Document Management for Financial Advisors
Financial advisors need to rapidly retrieve client documents from within their Client Relationship Management (CRM) system. Immediate retrieval saves the advisor time searching for files and provides better client service.
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One of the frequent client questions is, 

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Cash flow analysis tools for financial advisors

5/11/2021

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software for financial advisors
Financial advisors always need to assure themselves that investment recommendations are suitable for the client’s circumstances.


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As a financial advisor, is there a quick way to prepare a retirement projection?

5/6/2021

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Retirement Projections Software
​Many prospective clients are looking for a quick overview to determine if they are on track towards retirement. A good Client Relationship Management (CRM) system can document the client’s existing accounts and then create a net worth projection in a matter of minutes.


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    Warren J. Mackensen
    Company president and experienced financial advisor.

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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.
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