Income

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MMM
Posts: 1
Joined: Sat Jan 13, 2018 9:52 am

Income

Post by MMM »

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.
jimr
Posts: 821
Joined: Thu Feb 28, 2008 6:48 pm

Re: Income

Post by jimr »

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.
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