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.
ProTracker Advantage® provides an extensive and easy-to-use RMD calculator and tracking tool to guide financial advisors in distributing the retirement account disbursements under the new law.
RMD calculations are readily computed and saved for future reference. A full-page report is provided for each calculation to document the parameters used in the calculation.
As RMDs are distributed, the amount withdrawn can be entered so that the global RMD Summary screen can maintain the “RMD To Go” amount in the last column.
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.