Estate & Charitable Planner LIVE is the industry leader in Estate and Charitable planning and calculation software. These two powerhouse products (EPT) Estate Planning Tools and (CFP) Charitable Financial Planner are now combined in one user-friendly product offering.
Brentmark LIVE products are delivered entirely online. That means no more updates to chase or download and no more complicated compliance issues every time a new release or update comes out. Every time you log in, you are using the most up-to-date features and version releases.
This new product has an introductory price of $495 for a single initial license that includes twelve months of coverage. Future annual renewal coverage is only $300 for a single license.
For multiple licenses or enterprise licensing, please call 803-781-9595.
135+ Unique Calculation Models incorporating ALL Models of (EPT) Estate Planning Tools (Desktop) AND (CFP) Charitable Financial Planner (Desktop) Including:
Complex Charitable Gift Annuity
CRUT as IRA Beneficiary
Rolling GRAT
RMD of Owner During Lifetime
** VERSION 2024 IS NOW AVAILABLE! **
** §1.401(a)(9) TABLE UPDATED FOR 2022+ | ** SECURE ACT UPDATES INCLUDED! **
Retirement Strategies LIVE (RSL) is a web application that will show how a traditional IRA will project through the course of the lifetime of the owner(s) and beneficiaries. The application also includes 9 strategies that let you compare side-by-side impacts on projections. This easy-to-use web application allows for quick entry and an impressive PDF output.
Choose between several strategies:
1. Traditional IRA
2. Conversion in a single year, conversion taxes paid by a portfolio asset
3. Conversion in multiple years, conversion taxes paid by a portfolio asset
4. Conversion in a single year, conversion taxes paid by converted asset
5. Conversion in multiple years, conversion taxes paid by converted asset
6. Purchase Life Insurance, Death Benefit paid to portfolio asset
7. Name a CRUT as an IRA Beneficiary
8. Name a CRAT as an IRA Beneficiary
9. Qualified Charitable Distributions
** VERSION 2024 IS NOW AVAILABLE! **
** §1.401(a)(9) TABLE UPDATED FOR 2022+ | ** SECURE ACT UPDATES INCLUDED! **
Retirement Distributions LIVE (RDL) is a web application that calculates the required minimum distributions (RMDs) for several qualified plan types, such as:
Retirement Distributions LIVE (RDL) includes seven models illustrating RMDs and SEPP calculations. The current models are based on different scenarios, such as during the owner's lifetime, spousal rollover, non-spousal beneficiaries. The application inputs allow for contribution streams to the qualified plan, as well as additional distribution options outside of the RMD calculations. The program generates high-quality data-driven reports and has been updated to reflect the changes to §1.401(a)(9) that went into effect 01/01/2022.
What’s New For 2024
● Quick Reference: Substantially Equally Periodic Payments/SEPP/72(t):
Quick Reference Guide
The IRS issued Notice 2022-6, in which they provide guidance on distributions made under a substantially equal periodic payment (SEPP)/72(t) program.
Distributions taken under a SEPP/72(t) program are exempt from the 10% early distribution penalty that applies to early distributions from IRAs and employer-sponsored retirement plans.
Notice 2022-6 applies to SEPP/72(t) payments that commence on or after January 1, 2023, and may also be applied to those that commence in 2022.
Notice 2022-6 restates some of the previously existing SEPP/72(t) rules and explains what has changed.
SECURE Act 2.0: Transfers and rollovers will not cause a SEPP/72(t) to be “modified”:
One of the exceptions to the 10% early distribution penalty applies to distributions taken under a substantially equal periodic payment, or SEPP, program—also known as 72(t) payment programs. These payments are subject to strict rules; breaking them would result in retroactive disqualification from receiving the waiver. For example, one of the rules prohibits transfer and rollover to or from an account running a 72(t) program unless the entire balance is rolled over or transferred to a new account. Secure 2.0 repeals that limitation effective for rollovers and transfers made after 2023—including allowing partial transfers and rollovers—providing the total payments for each year of the program equals the amount initially established under the program. (Effective for transfers and rollovers occurring after Dec. 31, 2023.)
IRA Beneficiary Options: Eligible Designated Beneficiary & Designated
Beneficiary under the SECURE Act, as explained by the proposed RMD regulations that were published on February 24, 2022. On February 24, 2022, the IRS issued proposed amendments to the income tax regulations (proposed regulations) that govern required minimum distributions (RMDs) for IRAs and accounts/benefits under employer plans. These regulations propose to update RMD regulations to reflect the amendments made by the Setting Every Community Up for Retirement Enhancement Act of 2019 (SECURE Act), enacted on December 20, 2019. While it was expected that the regulations would include clarifications, it has a few surprises that make it necessary for advisors to revise related advice to their clients.
Interpretations by the Proposed RMD Regulations
The proposed RMD regulations include a few surprises such as requiring designated beneficiaries to take annual RMDs when the account owner dies on or after the RBD. Confirmation that certain provisions of the existing regulations still apply was also provided. Changes that affect the guides in this publication are reflected accordingly.
IRS Notice 2023‐53 and Notice 2023‐54: IRS Waives Excise Tax for 2021, 2022, and 2023 RMDs for beneficiaries subject to the 10‐year rule and the life expectancy rule at the same time.
The Setting Every Community Up for Retirement Enhancement Act of 2019 (SECURE Act) introduced a new 10-year rule for certain beneficiaries who inherit IRAs after 2019. Language from the SECURE Act suggested that distributions during the first nine years after the account owner’s death were optional, though the entire balance must be distributed by the end of the 10th year. However, the proposed RMD regulations, published in February of 2022, explain that some beneficiaries must also take annual life expectancy RMDs under this new 10-year rule. In response to complaints from beneficiaries subject to the 10-year rule plus the annual life expectancy RMD requirement but did not take RMDs for 2021 and 2022, the IRS published Notice 2022-53, under which they waived the 50% excise tax that would otherwise apply. This provision was extended to 2023 (IRS Notice 2023-54)
You benefit from this waiver only if you are one of the following two types of beneficiaries:
a. You are a designated beneficiary who inherited an IRA from the owner in 2020, 2021, or 2022 and the IRA owner died on or after their required beginning date (RBD). The RBD is April 1 of the year that follows the year the IRA owner reached age 72 (70 ½ if they reached age 70 ½ by December 31, 2019).
Generally, a designated beneficiary is a beneficiary who is a person or a qualified see-through trust.
b. You are a successor beneficiary of an IRA for which the original beneficiary is an eligible designated beneficiary taking annual life expectancy distributions, and you inherited that beneficiary IRA in 2020, 2021, or 2022.
SECURE Act 2.0 Made Changes to RMD Age and Other IRA and employer plan rules. SECURE Act 2.0 was signed into law on December 29, 2022, as part of the Consolidated Appropriations Act, 2023 Pub. L. 117-164, and made over 90 changes to the rules that govern IRAs and employer plans. For a complete list, see the section-by-section summary prepared by Ways and Means (last visited January 15, 2023. The quick reference guides included in this booklet are updated to reflect SECURE Act 2.0 changes. These include the following:
....and much more! Download today for full details!...
Estate Planning Tools is the nation’s most extensive state planning software for estate planning attorneys, bankers, financial planners and advisors. With over 120+ dynamic planning models in 16 different areas, Estate Planning Tools contains all the calculations necessary for you to advise your clients on how to fulfill their goals and determine which options will work best for the future of their clients with the utmost of confidence. Through our detailed, yet versatile cutting-edge calculators, Estate Planning Tools offers flexible solutions to any firm, regardless of size.
(CFP) Charitable Financial Planner 2024.00 (Desktop) is now available. Contact us for further details.
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(CFP) Charitable Financial Planner (Desktop) is an advanced tool to aid in complex planned giving calculations. It includes illustrations of capital gains, tax savings, and income tax deductions.
This program generates high-quality reports and full-color 3D graphs that provide a comparison of different models.
The Kugler Estate Analyzer is a comprehensive estate planning program using a building block approach. Estate planning techniques may be stacked on top of each other to show the incremental effect of each technique.
** CHANGES for SECURE Act 2.0 (12/2022) INCLUDED! **
** CHANGES for IRS Proposed Regulations 2022 INCLUDED! **
** CHANGES for IRS Notice 2022-6 EFFECTIVE 1/18/2022 INCLUDED! **
** CHANGES TO §1.401(a)(9) TABLES EFFECTIVE 1/1/2022 INCLUDED! **
** SECURE ACT AND CARES ACT UPDATES INCLUDED! **
Download now!
Retirement Plan Analyzer is priced at $595 for a single initial license, including twelve months of coverage (updates sent as released based on tax law changes). Future annual renewal coverage is $200 for a single license.
A current desktop version of Windows is required.
We guarantee your satisfaction with a 30-day money-back guarantee.
For multiple licenses or enterprise licensing, please call 803-781-9595.
** VERSION 2024 NOW AVAILABLE FOR DOWNLOAD! **
Brentmark's Retirement Distribution Planner (RDP) (Desktop) is a detailed and robust program that calculates the required minimum distributions for several qualified plan types, such as IRA, Roth IRA, 401(k), Roth 401(k), with some key features:
The Retirement Distributions Planner is now available in both a desktop application or our new LIVE online single user/enterprise formats. Both versions have been updated to reflect changes made by the SECURE ACT.
Allows you to easily organize and manage a client’s savings bond portfolio.
What’s New for 2023
Quick reference Guide
The IRS issued Notice 2022-6, in which they provide guidance on distributions made under a substantially equal periodic payment (SEPP)/72(t) program.
Distributions taken under a SEPP/72(t) program are exempt from the 10% early distribution penalty that applies to early distributions from IRAs and employersponsored retirement plans.
Notice 2022-6 applies to SEPP/72(t) payments that commence on or after January 1, 2023, and may also be applied to those that commence in 2022.
Notice 2022-6 restates some of the previously existing SEPP/72(t) rules and explains what has changed.
Beneficiary under the SECURE Act, as explained by the proposed RMD regulations that were published on February 24, 2022.
On February 24, 2022, the IRS issued proposed amendments to the income tax regulations (proposed regulations) that govern required minimum distributions (RMDs) for IRAs and accounts/benefits under employer plans. These regulations propose to update RMD regulations to reflect the amendments made by the Setting Every Community Up for Retirement Enhancement Act of 2019 (SECURE Act), enacted on December 20, 2019. While it was expected that the regulations would include clarifications, it has a few surprises that make it necessary for advisors to revise related advice to their clients.
Interpretations by the Proposed RMD Regulations
The proposed RMD regulations include a few surprises such as requiring designated beneficiaries to take annual RMDs when the account owner dies on or after the RBD. Confirmation that certain provisions of the existing regulations still apply was also provided. Changes that affect the guides in this publication are reflected accordingly.
The Setting Every Community Up for Retirement Enhancement Act of 2019 (SECURE Act) introduced a new 10-year rule for certain beneficiaries who inherit IRAs after 2019. Language from the SECURE Act suggested that distributions during the first nine years after the account owner’s death were optional, though the entire balance must be distributed by the end of the 10th year. However, the proposed RMD regulations, published in February of 2022, explain that some beneficiaries must also take annual life expectancy RMDs under this new 10-year rule. In response to complaints from beneficiaries subject to the 10-year rule plus the annual life expectancy RMD requirement but did not take RMDs for 2021 and 2022, the IRS published Notice 2022-53, under which they waived the 50% excise tax that would otherwise apply.
You benefit from this waiver only if you are one of the following two types of beneficiaries:
a. You are a designated beneficiary who inherited an IRA from the owner in 2020 or 2021, and the IRA owner died on or after their required beginning date (RBD). The RBD is April 1 of the year that follows the year the IRA owner reached age 72 (70 ½ if they reached age 70 ½ by December 31, 2019). Generally, a designated beneficiary is a beneficiary who is a person or a qualified see-through trust.
b. You are a successor beneficiary of an IRA for which the original beneficiary is an eligible designated beneficiary taking annual life expectancy distributions, and you inherited that beneficiary IRA in 2020 or 2021.
** DOWNLOAD PDF NOW! **
by: Denise Appleby, CISP, CRC, CRPS, CRSP, APA
** Updated for The CARES Act **
** Updated for The SECURE Act **
** PLEASE NOTE: This file will be delivered to you as a link to download the .pdf file. There is no physical book to be delivered. **
