Updated 12/1/2024

What Issues Should I Consider When Reviewing My RMD?

RMDs (Required Minimum Distribution) are often an inconvenience to our clients. The timing, amount, and tax consequences associated with RMDs might run the risk of throwing a wrench in our clients’ financial plans, but it doesn’t have to be that way. That’s where you step in.

With your help, clients will have a better understanding of what options they have at their disposal when managing their RMDs in relation to their financial situation.

This checklist covers important factors a client needs to know when reviewing their RMDs, such as:

• Having a clearer understanding about how they are taking their RMDs (e.g., timing, amount, where it is being sent, etc.).
• Being more deliberate about how they use RMDs that are in excess of what they need for living expenses (e.g., reinvest, bolster emergency fund, etc.).
• Coordinating their RMDs with other investment, charitable, and/or tax planning goals.

Click here for a client-facing email template.

Deluxe and Premier Members have access to Client Deliverable Reports.

This guide is a part of the Topic Bundle: Client Service Calendar.