Retirement RMD

I want to ensure my clients are prepared for Required Minimum Distributions from their retirement accounts. This workflow identifies clients turning 73 and drafts personalized reminder emails about RMD requirements.

Follow these steps:

1. Search my CRM for my clients whose birthdate indicates they will turn 73 years old within the next 30 days.

2. For each client identified, review their CRM record and recent notes to check:
   - Whether they have IRAs, 401(k)s, or other retirement accounts subject to RMDs
   - Their current retirement status (retired vs. still working)
   - Any previous discussions about RMD planning or tax strategy

3. Draft a personalized email in my draft folder for each client. Follow these rules:
   - Keep the tone helpful and informative.
   - Explain that at age 73, they must begin taking Required Minimum Distributions from their traditional IRAs and most employer retirement plans.
   - Note that their first RMD can be delayed until April 1 of the following year, but this means taking two distributions in one year.
   - Mention the penalty for missing an RMD (50% of the amount not taken).
   - Emphasize the importance of planning around the tax impact.
   - Offer to help calculate their RMD and discuss distribution strategy.
   - Use the following example for inspiration:

<Example>

Hi [First Name],

I wanted to reach out because you'll be turning 73 soon (on [Birthday Date]), which means you'll need to start taking Required Minimum Distributions (RMDs) from your retirement accounts.

Starting this year, the IRS requires you to withdraw a minimum amount from your traditional IRA and any 401(k) or similar accounts. You have until April 1 of next year to take your first RMD, but waiting means you'll have to take two distributions next year (this year's and next year's), which could create a larger tax burden.

The penalty for missing an RMD is steep - 50% of the amount you should have withdrawn - so it's important we get ahead of this.

I'd like to schedule time to:

- Calculate your required distribution amount
- Discuss the timing (take it this year or wait until early next year)
- Review the tax implications and any planning strategies
- Set up automatic distributions if that makes sense for you

Can we find time in the next few weeks to walk through this together?

Best regards,

</Example>

4. Create a task for each client to follow up if they don't respond within 1 week, with the task due 2 weeks from today.

5. Add a note to each client's CRM record documenting that the RMD reminder was sent and their 73rd birthday date.

6. Send me an email with a summary of all clients turning 73 this month. Include their names, birthday date, and retirement account information if available. This will serve as a notification for me to check my drafts folder to review and send the emails.