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Retirement Income Settings

The initial settings for The Retirement Buckets™ Income Plan include:
► Desired Income – total desired gross income (before taxes) during your retirement years.
► Inflation Assumptions – the inflation rate that will be used to increase the Desired Income.
► Implementation Date – the first day to start using the Retirement Buckets™.
► Life Expectancy Assumptions – to establish the Retirement Timeline.

Desired Income

Desired total gross income beginning the Implementation Date. You can enter either a monthly or an annual amount.

Desired Income

Inflation Assumptions

The Inflation Rate assumptions settings ranges from 0.00% to 4.00%. The Retirement Buckets™ Income Plan will automatically increase the projections for your Desired Income using this Inflation Rate.

Inflation Assumptions

Implementation Date

To give you more time to prepare, the Implementation Date is always the 15th of the month following the Initial Plan Date. Generally, the Initial Plan Date, is your retirement date or the first date of use if already retired and must be the current or future date.

Implementation Date

Life Expectancy Assumptions

The Current and Recommended Life Expectancy assumptions are calculated based on the Social Security Actuarial Life Tables. The system will use the Life Expectancy that you enter in this field to calculate the Retirement Timeline.

Life Expectancy Assumptions

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