IRA / RMD Calculation updates

We've made a couple of enhancements to our calculations to better reflect client scenarios:

  • For traditional IRA contributions, we will only subject clients to deduction limits and treat applicable contributions as non-deductible if the client is contributing to an employer-sponsored plan
  • We've updated the treatment of Required Minimum Distributions (RMDs) after one client passes away to always use the younger client's age to determine the RMD factor.