I see users have been requesting an easy way to generate a RMD report that will update automatically. It is important that we assure that are clients take these, but apparently there is no easy way to run a report and moniter this. As of Sept 2012, this request was still under review. Any timeline when we might see a standardized report that shows all clients over age 70.5 who have any type of tax-qualified account????

I agree. The current recommendation for monitoring RMDs is to add a keyword to the contact record. This does not provide enough information and is not account specific. If the Qualified account were to close then you would have incorrect information on the record.

this feature is something that is definitely needed. Please add it so that we can track this information and run reports to ensure our clients are meeting this requirement.

Agreed, this feature is something that would be EXTREMELY helpful and time efficient for our firm as well. There is always a client who can't remember if they took their RMD last year.

A feature that shows 1.who needs/ will soon need to be taking RMD's, 2.If/when they began taking them, and 3.if the RMD is automatically withdrawn every year or if we need to manually take a distribution would be outstanding!!

The easier Redtail makes this, the better. An automatic feature alerting us to RMD is much needed. DO this, please.

Please please do this!!

We set up tag groups for each month of the year. At the begining of each month we check out the ages of those clients to see if they need an RMD. We also set up a tag group for our clients that are already getting RMD's.

YES!

Kathryn, a better way to do that is do a quicklist of client over age 69, not 70, beacuse it will NOT include those that are turning 70 1/2. This way, any new clients will automatically fall into the quicklist. You will need to make sure all of those clients have their IRA's marked qualified, so you know they even have an IRA.

IF over 70.5, have the report list the IRa accounts that the client has, the previous year end value, and then the RMD amount to take out, and the amount and date taken, Protracker had a report like this and it was very helpful.

Another solution could be a report that we could run annually that would show everyone that would be 70 1/2 that year and therefore need to start RMD's that year. Currently I have to run 2 reports for age 70 and 71 (by year of birth) and then manually determine who will be 70 1/2 that year.

We have a lot of clients over or approaching 70 1/2. This will be a great tool.

Yes, a 70 1/2+ age alert would be very helpful.

Please add a feature to flag clients (based on birthdate) that qualify for Required Minimum Distributions and then add an option to track or note the date/amount of the distribution.

I agree! It takes way to long to create a list of people who need to take RMD's. Pulling the list by age would be a great start. I have worked with other CRM programs and I could pull a report very quickly with those programs.

+1 please add. Very useful to know how soon a birthday is with a quick glance.

I feel the same way, but have created a quicklist for "clients over 69 with tax status equal to traditional IRA's" (if you do it over 70, it will not inclued them). You do have to make sure all of your accounts are coded as IRA's though....very time consuming process, but it works once you have it done and keep up with it.

This feature would be of great value to our firm as well. Maybe build a function that recognizes Client's with RMD by their birthday, then we as users can pull a list of these clients from a serach....