FAQ: Inherited IRA's

Frequently Asked Questions

Need assistance with data entry? RightCapital is here to help! Please use the common questions and answers below to assist you in generating financial plans. For additional assistance use the link to our support team at the bottom of the article.

1

Does RigthCapital automatically factor in Required Minimum Distribution’s from inherited IRA’s? 

Answer: Yes, RightCapital will automatically factor in inherited IRA RMD’s based on the relationship to the beneficiary, original owners date of birth, and the original owners date of death.  

2

How do I indicate that an inherited IRA is still subject to a stretch-IRA distribution rule? 

Answer: If this is a spousal inherited IRA that is not subject to the 10-year distribution rule, indicate the appropriate account subtype and set the distribution field to stretch IRA rule within the Profile > Net Worth > inherited IRA account. 

3

How do I show an IRA that my client is expecting to inherit invested assets in the future? 

Answer: To model a future IRA inheritance, utilize the Profile > Income > Add Income > Inheritance card, enter the relevant information and change the inherited asset drop down menu to “Traditional IRA”.  

4

Does RightCapital update as legislation changes occur in the future?

Answer: Yes, RightCapital prides itself on timely updates for any legislation that impacts RMD’s as well as tax law changes. 

RightCapital is committed to enabling your success. Each week, we set aside time to cover important updates and host a Q&A with the product team, giving you a direct line of access to the experts behind the curtain. Visit the Upcoming and Most Recent Webinars area to register today!

Also, be sure to check out the Getting started guide and our YouTube channel for more!

For additional assistance within RightCapital please contact Support.