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Required Minimum Distri Description |
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Millions of Americans now participate in qualified retirement plans. Unfortunately, many participants who have reached age 70 1/2 are unaware that they are required to withdraw a certain minimum amount from their retirement plan each year or face severe IRS penalties. This creates an exceptional service opportunity for Retirement Plan specialists and Senior Market Advisors.
On April 17, 2002 the IRS released new regulations regarding Required Minimum Distributions. For the vast majority of people, the new calculations allow lower minimum distributions than the prior regulations, which means that pension funds may last longer than they would have previously. Lower minimum distributions and more flexibility under the new tax law gives financial services professionals a tremendous reason to contact their retired customers who participate in a qualified plan.
ImagiSOFT's new RMD Software will help you:
help customers stretch pension fund assets throughout their entire lifetime
provide your clients with accurate, easy to understand, printed reports
enter and store client information into well designed, simple, input screens
e-mail reports to clients in Adobe's Portable Document Format (PDF)
help your clients avoid massive IRS penalties |
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