Income and benefits
Model current work or self-employment income
Add gross annual earned income and stop it at retirement or another date.
When this applies
Use this for wages or other recurring work income before retirement.
What to gather
- Gross annual income.
- Owner.
- Start/current amount date.
- Expected annual growth and stop date or retirement milestone.
Where to enter it
Portfolio > Scenario Editor > Income & Benefits > Add Income or Benefit
How to enter it
- Choose Type: Earned income.
- Choose the owner and enter the gross Annual amount.
- Choose Now or specified date, then Ends: When owner retires unless the actual work schedule ends on another date.
- Set growth; blank follows scenario inflation, zero is fixed nominal, and another value is a custom rate.
How YARCalc uses it
- Earned income enters cash flow and ordinary income tax calculations.
- 401(k), Roth 401(k), and HSA contributions stop automatically when their owner retires.