In current RMD report, add date range feature, so we can pull every client who turns 70 1/2 within that current year
The added date range feature will allow the user to customize the RMD report to ensure every client who turn 70 1/2 in the current year is not missed.
Redtail’s Product Owner has read the suggestion and there is some internal discussion needed in order to determine next steps.
This suggestion is remaining open and can continue to gather votes and comments!
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Anonymous commented
The feature is vital. Also useful for those turning 59 1/2.
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Charles commented
An important caveat to be able to use is to include ALL age ranges. If a child inherits an IRA as a beneficiary IRA, they will still need to take an RMD on the account. The current report only allows for certain age ranges to be included.
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Anonymous commented
Thanks for developing this. I would like to request that we be able to input an age of our choosing in addition to the pre-selected ages. I generally have clients take their first RMD the year that they turn 70 or the year after that (that depends on their exact birthday) but I certainly don't wait until 70 1/2 as that can often result in two distributions in the same tax year (which affects their taxes). So I usually search for age 69 or 70 so that we could make a really informed decision about when to take that first RMD rather than relying on the safe harbor rule. Possible?