** VERSION 2023 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.
Brentmark, Inc. has developed some of the most widely used estate, retirement, charitable, and financial planning desktop software on the market today. Brentmark has also been developing and marketing online web applications since 2014.
LIVE Products are delivered entirely online via the internet and are compatible with any modern device. This eliminates the need for yearly version-based compliance reviews, delays in version implementations, complicated IT Admin rollouts, and version updates or patch delays. Every time you login, you are always using the latest release, and updates are done automatically and seamlessly from the user’s perspective.
This is a considerable advantage over desktop versions.
No more updates to chase! Whether technical changes, new regulations, laws, or policy changes, all updates to LIVE programs are automatically updated on the server. Users are always using the most current update. The program is delivered online via the web. Users will always be using the most recent published version.
A connection to the Internet and a modern browser is required.
Plan Owner Age 70.5 RMD (born before 1949)
Plan Owner Age 72 (born after 1949)
For the Spouse model, if the spouse did not rollover and a year of death was entered for the spouse (with beneficiaries), the 10 year payout was not considering if the spouse was past RBD status, resulting in a 10 year payout with $0 for years 1-9, and in year 10 a full payout (for the beneficiary of the spouse). This has been updated to reflect RMDs in years 1-9 as shown in the regulations.
The visibility of the question 'Did the owner die prior to April 1?' needed to be updated to reflect the new changes from SECURE Act 2.0. This question will appear if the year of death is the year after RMDs start.
SECURE Act 2.0 changes.
Proposed Regulations by the Department of Treasury on February 24, 2022, have been included in the calculations.
Retirement Distributions LIVE (RDL) is available for the special introductory price of $199 for a single, individual, initial license. After the first 12 months, it is billed annually at $159. No more updates to chase! All updates to the programs or new regulations, laws, or policy changes are automatically updated to the server. You are always using the most current update!
A connection to the Internet is required.