AI agent for financial advisors
Required Minimum Distribution Tracker Agent
Make sure each client takes the correct required distribution before year end.
What it does
Retirement account owners must take a minimum amount each year, and missing it brings a large penalty. This agent reads client birth dates, account types and prior year-end balances, and calculates the required amount for each account using the correct life expectancy table. It checks what has already been taken during the year, including distributions from other accounts that can be combined. It drafts instructions for the remaining amount and tracks whether the custodian processed them. Later in the year, it verifies completion and flags any shortfall while there is still time to act. Edge case: inherited accounts follow different rules, so it routes them for manual review. The advisor approves every request.
How it works
Follow the arrows from top to bottom. The orange dashed arrow is the loop: when a check fails, the agent goes back and tries again.
Read the steps as a list
- New year begins
- Read client ages, account types and year-end balances
- Calculate the required amount for each account
- Route inherited and special accounts to manual review
- Check distributions taken so far
- Draft instructions for the remaining amount and timing
- Advisor approves each distribution requestThe agent waits here for your OK.
- Check custodian reports for processing
- Was the distribution processed for the right amount?If not: draft a correction request to the custodian. Back to step 6.
- Is the full required amount taken by November 30?If not: alert the advisor and propose a catch-up plan. Back to step 6.
- Year-end completion report
How it decides
It uses the age and table that apply to each account type, subtracts amounts already taken and sends inherited accounts to manual review.
- Use the uniform lifetime table unless a spouse more than 10 years younger applies
- Combine IRAs but not employer plans when calculating totals
- Send inherited accounts for manual review
- Alert the advisor if less than the full amount is taken by November 30
Make it yours
Every agent is a starting point. You choose these settings for your own situation.
- Alert date for shortfalls (default November 30)
- Accounts to combine
- Tables used
- Reminder schedule
What keeps you in control
It always asks you first
- Advisor approves each distribution instruction
- Advisor approves any catch-up plan
Hard limits
- Never submits instructions to the custodian
- Does not give tax advice
It stops when
- Done: every required amount taken and confirmed
- Stop: a balance or birth date is missing for an account
Set it up
We guide you through the set-up, step by step
Members get the full set-up guide for this agent. No technical skills needed: you copy, paste and upload.
- One set of instructions to paste into your AI, with the clicks for ChatGPT, Claude, Microsoft 365 Copilot, Gemini and Grok
- The agent then walks you through connecting your own data, one source at a time
- A downloadable copy with the flow chart, the rules and the full guide
