Income
Income
How does the program account for current annual income until retirement, since there is not actually an input for it. If I add my salary as misc. income in the "additional inputs" tab, under the cash flows and retirement savings, retirement income and expenses, area, is the information I am adding actually already being calculated by the program in the background? If so, I am thinking that my income may be calculated twice. Please advise. Thank you.
Re: Income
The program doesn't keep track of income or expenses before retirement.
During the pre-retirement years, the program only tracks Annual Savings, which are recorded as contributions to the Taxable,Tax Deferred, and Tax Free Portfolios.
Annual Savings contributions can be entered on the main page using the three "Annual Savings" inputs or in Additional Inputs using one of the three "Savings" cash flow types.
During the pre-retirement years, the program only tracks Annual Savings, which are recorded as contributions to the Taxable,Tax Deferred, and Tax Free Portfolios.
Annual Savings contributions can be entered on the main page using the three "Annual Savings" inputs or in Additional Inputs using one of the three "Savings" cash flow types.
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