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Income

In this section, model major and generic incomes the clients expect to get throughout their lifetime. The Income section is divided across four tabs:

Earned Income: Enter the clients' earned income, either W2 income from salary and wages, or from self employment.
Social Security: Define the clients' Social Security benefits, when they will file, and the average expected increase rate (COLA).
Pensions: Model up to two pensions per client, if they have any.
Other Income: Enter any additional sources of income the clients may receive outside of their assets. If subject to taxes, the incomes will be treated as ordinary income. This section is also commonly used for annuities with guaranteed income riders.

You must have Author or Collection Owner permission to create Guru Cards. Contact your team's Guru admins to use this template.