Fixed Income Settings

Fixed Income is referred to any income received from the government or non-government institutions, or the income that does not vary materially over time. There are five Fixed Income categories:
► Social Security Benefits – guaranteed by United States Government.
► Pension Income – protected by the employer pension plan and, potentially, by the Pension Benefit Guaranty Corporation (PBGC).
► Fixed Income Annuities – the 'guarantees' are based on the claims paying ability of the insurance company.
► Variable Annuities with various lifetime Guaranteed Withdrawal Benefit (GWB) riders – the 'guarantees' are based on the claims paying ability of the insurance company.
► All Other Fixed Income

Fixed Income Categories

Entering Fixed Income

Each income category has the Cost-Of-Living Adjustment (COLA) rate field. If you do not know the COLA rate, then enter 0.00%. Also, the Start Age and the End Age fields should only be modified when the income category is not available during the entire retirement. For example, if you decided to begin collecting your Social Security Retirement Benefits beginning age 70, but retired at, let's say, age 66.

Entering Fixed Income​

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