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RMD Scenario Fact Set

 
PURPOSE: To provide an input form for ProTracker Advantage® customers to use when requesting assistance with a specific Required Minimum Distribution (RMD) scenario.
 
SUBMISSION METHOD: Print this Help article, fill in the facts with a black ballpoint pen (for readability), scan the sheet, and send it as an email attachment to: sales@protracker.com. You may also copy and paste the

Scenario Identification

and

RMD Scenario Fact Set

sections (below) into an email and then enter the parameters on the email.
 
REPLIES: ProTracker Software will endeavor to reply by email within 48 hours on business days.
 
FEE: There is no fee for this service for ProTracker Advantage customers.
______________________________________________________________________

Scenario Identification (Copy and paste into an email and then filll out)

Today's Date:
 
Name of Firm:
 
City:
 
State:
 
Tel. Number:
 
Extension:
 
Email:
 
Employee:
                                 
  ________________________________________________________________________

RMD Scenario Fact Set

Prior Year-end Account Value (12/31/YYYY): $________________

Moniker*

First Name

Date of Birth

Date of Death

Comment

Participant
 
 
 
 
Spouse (Inherited IRA)
 
 
 
 
  Primary Beneficiary
 
 
 
 
Designated Beneficiary
 
 
 
 
Successor Beneficiary
 
 
 
 
*See Moniker definitions below.
 
Attach a screenshot of the RMD Calculator Dialog Box, if possible.
 
 
 
 
 
 
________________________________________________________________________
Definitions

Participant

The person who opened the retirement account.
 

Participant Date of Death

The key date for applying pre-SECURE Act provisions (2001 Rules), or post-SECURE Act provisions (2020 Rules).
 

Designated Beneficiary

A Designated Beneficiary is a "natural Person" (a human being). The moniker Designated Beneficiary may include: an Original Beneficiary or a Successor Beneficiary.
 
A conduit trust (a "see-through" trust) named as a beneficiary in writing with the custodian of the retirement account may also be a Designated Beneficiary.
 

Successor Beneficiary

A person who inherits the account from a Designated Beneficiary, a Primary Beneficiary, or other Successor Beneficiary. All Successor Beneficiaries to Successor Beneficiaries are also classed, simply, as Successor Beneficiaries.
 

Non-Designated Beneficiary

An estate, charity or "non-see-through" trust.
 

Eligible Designated Beneficiary (EDBs)

Created under the SECURE Act of 2019, Eligible Designated Beneficiaries (EDBs) are defined as follows:

Primary Beneficiary (used with Successor Beneficiaries)

The person who died, whose date of death sets the beginning of the 10-Year Rule distribution period, as applicable. The so-called Primary Beneficiary may be the Participant, the Participant's spouse, a Designated Beneficiary, or other person who died after 2019. The Primary Beneficiary name does not change during the 10-Year Rule distribution period, regardless of who is actually receiving distrbutions.
 
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