Earnings/Other Income Screen
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Client A’s Salary |
Enter the client’s gross (before tax) annual salary. |
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Client B’s Salary |
Enter the client’s gross (before tax) annual salary. |
| Other Income
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Enter any other income (monthly income or a lump sum) the client will receive before and/or during retirement, such as rental income, defined benefit pension plan income, inheritances, etc. Do not enter Social Security benefits here if you have selected “Include Social Security in Analysis” on the “Household Information” screen. |
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Description |
Enter the name of the Income as you want it to appear in the printed presentation. |
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Owner |
Enter the person that is associated with the income. If the Owner dies, this income will stop. |
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Amount |
Enter a gross (before tax) monthly income amount or enter a lump sum amount. Amounts can either be in today’s dollars or at the value that will be received in the future. Be sure to adjust the “Type” and “Inflation” boxes accordingly. |
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Type |
Choose “Monthly” to enter an ongoing stream of income payments the client will receive. Choose “Lump Sum” to enter a one-time income payment the client will receive. |
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Inflation |
If you choose “Today’s Value”, the software will inflate the “Amount” at the “Annual Percent Increase” from now. If you choose “Future Value”, the software will not inflate the “Amount” at the “Annual Percent Increase” until the “Start Age”. |
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Start Age |
Enter the age of the “Owner” at which the income will begin. |
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End Age |
Enter the age of the “Owner” at which the income will end. The client is assumed to live until the age entered as the “Life Expectancy” on the “Assumptions” screen. |
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Annual Percent Increase |
Enter the annual rate at which the income will increase. The income will continue to increase until the “End Age”. |
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Continue After Death |
Select this box to continue the income stream after the owner’s death. For instance, if you select “Client A” as the owner, but the income stream would still be available to the surviving family members if Client A died, then select this box. |
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Red “X” button |
Click to remove this line item. |
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“Add” button |
Click to add a new line item. |