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ProTracker RMD Calculator Assistant
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Address Features

5/17/2022

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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

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The Fastest Way to Track RMD 10-Year Rule Accounts

10/12/2021

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​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.

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How to Stay on Top of RMD Withdrawals

9/2/2021

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The additional complexity engendered by the SECURE Act of 2019 calls for greater vigilance on the part of financial advisors when it comes to tracking Required Minimum Distributions (RMDs). The introduction of the 10-year rule and the establishment of Eligible Designated Beneficiaries (EDBs) created additional intricacy to RMDs.

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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 Choose the Right RMD Calculation Scenario

6/1/2021

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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.
Picture

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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.
​
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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    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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