Required Minimum Distributions

Financial Advisors:

The SECURE ACT presents a crucial opportunity to engage with clients aged 73 and above. Annual reviews of their IRS-mandated Required Minimum Distributions (RMDs) are not only vital to avoid hefty IRS penalties but also an excellent occasion to reevaluate their financial goals, income needs, and beneficiary designations. By presenting clients with an ImagiSOFT RMD report each year, you showcase your commitment to their financial well-being. This attentive service ensures clients' financial strategies comply with tax law and remain aligned with their evolving needs; this is a gesture they're sure to value and appreciate.

Updated for the SECURE Act

On November 12, 2020, the IRS released a 31-page Final Regulation titled "Updated Life Expectancy and Distribution Period Tables Used for Purposes of Determining Minimum Required Distributions", effective January 1, 2022. ImagiSOFT's RMD calculator incorporates these new factors and continues to support previous years' factors and formulas. Explore the RMD Calculation Guide for RMD calculation examples before and after the SECURE Act. Additionally, examine the SECURE Act 2.0 Non-Spouse Beneficiary Test Cases, detailing the 2023 rules.

IMAGISOFT RMD Software Benefits:

Customization Option: Add Your Logo and Disclaimer for a One-Time Fee of $500

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