Version History

Version 2024.00 (Released 5/1/2024)

• Fixed an issue when no beneficiary was designated which resulted in using the ghost life life expectancy, based on decedent's life expectancy.
•  Windows File Association has been added to the program.  This allows you to click on a file (*.PDC) outside of the program. The program will start and then load the data that was previously created.
• Issue resolved where the beneficiary uses equal distributions during the 10 year period, but their life expectancy is less than the 10 years. In this case, the input is ignored and the distribution  is paid based on the life expectancy.
• Added a message to the report when the beneficiary is the spouse and does not rollover or treat as their own, with regards to IRS on Sec. 327 of SECURE Act 2.0 (Pending Guidance). It suggests that the spouse can treat as their own if the owner dies before the Required Beginning Date.
• Updated the plan maximum contributions for 2024.

Version 2023.00 (Released 1/9/2023)

• Update for SECURE Act 2.0
• Updated maximum contributions, based on the catch-up changes (age 60-63), starting in year 2025 (SECURE Act 2.0).
• New Feature: Data Folder Quick Snapshot of Files Report (located under the Tools menu).  This feature will scan your data files stored in your data folder location (under the File Menu). It will show the last time the file was updated, with the balance of 12/31, as well as the birthdates and ages of both the owner and beneficiary, based off the current year. The tool to report those that turn 71/72 will be updated for v. 2024 to reflect those turning 73.
• Minor bug fix: When the non-spousal beneficiary is selected and the option to designate the beneficiary as a legal minor, it superceded the option to designate the beneficiary as disabled. The result was that the schedule would pay out at age 31, instead of the lifetime for the beneficiary.
• Minor bug fix: Illustrate Equal Payments with Growth During 10 year period input- When the start year is not the first year in the 10 year period, the first year distribution was not correct.
• Minor bug fix: When a spousal rollover occurs in a year that is not equal to the year of death of the owner,  the spouse is required to have an RMD in the year if the spouse is at RMD age - the issue was when the death of the spouse was not entered  (i.e. they survive the analysis) - the LE used in this case was showing as Single, not Uniform, only in the year of the rollover, which was incorrect.
• Minor bug fix: When the owner has no death year entered (i.e. set to survive analysis), the analysis reported ages 116-120 incorrectly.  Mortality table §1.401(a)(9) changes in 2022 extend to age 120 (prior table extended to 115).

Version 2022.21 (Released 6/22/2022)

• Minor bug fix: When an inherited IRA is selected, and toggling the Beneficiary is Spouse input from Yes to No several times, would not correctly reset the report for a case where the spouse is not the beneficiary.  

Version 2022.20 (Released 6/21/2022)

• Proposed Regulations by the Department of Treasury on February 24, 2022, have been included in the calculations.  Click on the "Help" menu, and select Proposed RMD Regulations 2/24/2022 for more information.

• Minor bug: When the beneficiary is not a spouse, and you wished to set the beneficiary designation for disabled, you had to make sure that the Beneficiary was not set to illustrate a death.  This allowed the input to change the disability option to show.  This has been fixed to show regardless if death occurs or not.

Version 2022.10 (Released 2/16/2022)

• Updated the Pre-59½ calculations for IRS Notice 2022-6 published 01/18/2022.

• Print To File: Excel feature.  When using this feature and the report spans several pages, prior versions would cause Excel to report an error when opened.  Pages beyond the first page were not converted over due to the error.  A temporary solution has been implemented to force all report data on the first worksheet.

Version 2022.01 (Released 1/17/2022)

• Fixed a bug where plan owner dies before 2020, and a nonspousal beneficiary is illustrated to die after 2020.

• For illustrations where it is assumed that the plan owner does not die, the schedule has been extended to age 120 based on the changes to §1.401(a)(9)

Version 2022.00 (Released 12/28/2021)

• Added a button that allows the user to submit a technical support ticket.

• Added an item under the Help menu, Release Notes, that informs the user of changes made since the last version was released.

• Updated the maximum contribution amounts for IRA and 401(k)s for 2022 limits.

• Bug Fixed: when illustrating an inherited IRA where the plan owner dies 2020+, and the First Year of Analysis is set to at least two years beyond the death year, the ten year counter for non-exempt beneficiaries was not being offset to accomodate the First Year of Analysis in this case.

• Display Bug fixed: when the Type of Plan is set to Less than 5% Owner, a bug occurred after clicking on the Print button.  The input for the Type of Plan was reset to the Normal selection, thus losing the option Less than 5% Owner that was previously selected.

Version 2021.00 (Released 3/10/2021)

• 1.401(a)(9) table has been updated to reflect the changes for 2022+. This includes the redetermination calculation for nonspousal beneficiaries during the transition time (if they are inheritors in 2021 or before - it will recalculate in 2022).

• When the spouse is not the beneficiary (main screen), the birthdate on the 'Beneficiary Information' screen was not linking to the beneficiary date on the main screen (for the non spousal beneficiaries).

• Distributions set to end of year from the Options menu.  For the 10 year rule (nonspouse beneficiaries with SECURE Act), this caused the 11th year to show a balance, which was the growth.  The final year growth should have been included in the 10th year.  Amortize for the 10 year rule -  If the distributions are set to end of the year, it now considers the growth for the year in this calculation, as opposed to a larger distribution in year 10.

• The option to choose between Lump Sum and Amortization for the 10 year rule is located on the 'Beneficiary Information' window.  Whenever the nonspousal beneficiary panel (with the name, percentage, birth date, disabled, etc inputs) was not visible, the option did not show. The option has been removed from that panel and now will show all the time.   
• Added a message when an input changes, to let the user know the results are not current until the press enter (or click the button which will recalculate).

Version 2020.11 (Released 10/30/2020)

• Fixes minor bug when 'Amortize' is selected for the 10 Year Payout under the SECURE Act.  The fund was fully distributed, as expected in year 10, but the schedule was not correctly distributing equal payments with growth.

Version 2020.10 (Released 04/15/2020)

• Updated to handle CARES Act of 2020.  An input was added to the Assumptions to skip the RMD for 2020 or to calculate it.
• Modified user input to allow for full birthdates of Nonspouse Heirs.  This was necessary because SECURE Act stipulates that a beneficiary can be exempt if they are 10 years or younger than the plan owner
• Optimized the retrieval of the AFR file from the Brentmark server
• Changes were made to the installation software packaging to help with uninstall issues.

Version 2020.02 (Released 03/23/2020)

• Fixed bug where if the plan owner dies prior to 2020, and the beneficiary (non spouse, or spouse that does not rollover) dies before 2020.
• Fixed bug where plan owner dies before Required Beginning Date, and Spouse is beneficiary, but does not rollover, and dies after the plan owner's Required Beginning Date.

Version 2020.01 (Released 01/24/2020)

• Bug fix - when 'Assumed Death Occurs' is not checked for the beneficiary, it always forced a 10 year payout regardless of the beneficiary exempt status.

Version 2020.00 (Released 01/23/2020)

• Updated for the SECURE Act of 2019
• All non spouse beneficiaries have additional inputs, such as Disabled, Legal Minor Child to determine exempt status
• On the Assumptions screen, you can choose to have the 10 year payout in lump sum at end of the 10 years, or have it paid out each year by amortization.
• Added Brentmark News Channel
• Modified the feature that searches files for clients that are about to turn 70.5 to 72.
• New desktop icon
• New software used for packaging installations
• EV Certificate used to sign installs/executable.

 

Pricing

All Desktop products require the initial purchase of the software and the annual maintenance service fee to remain active and operable. The maintenance service allows your software license to stay current and receive updates, new features, legislative and tax law changes, bug-fixes, etc.  Expiration or lapse of your annual maintenance service fees could result in the requirement to purchase a new license of the software. 

 

The pricing includes the initial purchase of one (1) software license and twelve(12) months of complimentary maintenance service.  At the expiration of this complimentary maintenance service period (12 months from the date of initial purchase), you will be charged for the first year of annual maintenance service.  Your next fee will be assessed exactly one (1) year later and every year after that for your yearly maintenance service.

 

 

PRICING SCHEDULE

Software License of Brentmark Product (1)	Included In Initial Purchase
Complimentary Maintenance Service (12 Months)	Included In Initial Purchase
1st Annual Maintenance Service	Billed 12 Months After Initial Purchase
2nd Annual Maintenance Service	Billed 1 Year from 1st Annual Maintenance Service
Additional Annual Maintenance Service	Billed Yearly from Date of 1st Annual Maintenance Service

 

 

 

Pricing of Brentmark's products is subject to change without notice.  While we make every effort to provide you the most accurate, up-to-date information, occasionally, one or more items on our website may be mispriced.  If a product listed is an incorrect price due to typographical, photographic, or technical error or error in pricing information received from our partners or suppliers, Brentmark, Inc. shall have the right to refuse or cancel any orders placed for the product listed at the incorrect price.

 

If an item's correct price is lower than our stated price, we will notify you of the price error and order cancellation. You may also choose to receive a refund for the difference in the correct price, and the erroneous price you were charged, or alternately have your order canceled and charged the correct price.

 

Should you have additional questions please Submit a Support Ticket.

 

FAQs

How To Run Reports In (RDP) Retirement Distributions Planner Listing Clients Nearing Age 72.

Running A Report For All Clients Nearing Age 72 in (RDP) Retirement Distributions Planner.