Incorporating Guaranteed Income Sources

You can now add current or future guaranteed income sources like pensions, social security, and annuities.

Activating the feature

Add a new qualifying guaranteed income source (pensions, annuities, or social security). This feature works only with new income sources, not existing ones.

Select an income start date and save. Toggle guaranteed income on or off using the checkbox next to the income source or the “Guaranteed Income is OFF/ON” flag below the scorecard.

How it works

Guaranteed income lowers the spending need shown in the bottom row Elements. A calculator icon next to spending indicates “Adjusted Annual Spending.” Click it to toggle income streams and see score changes.

If guaranteed income exceeds spending, the spending need becomes negative. Instead of showing a negative value, we display “beach mode,” meaning your client can spend that amount for life, covered by guaranteed income.

Related to

• social security
• pension
• annuity
• guaranteed income
• future income
• income
• beach mode