Retirement Plan Information
Instructions
The Retirement Plan Information section consists of the below tabs.
Retirement Plan Information
-
Name - This field is prefilled from existing user/account data and is not editable by the user.
-
This is the users name.
-
-
Age - This field is prefilled from existing user/account data and is not editable by the user.
-
This is the users age.
-
-
Retirement Status - This field is defaulted to 'Not Retired' and may be changed by the user at any time.
-
This field will be used to determine if a user is already retired or not.
-
-
Desired Retirement Age - This field is not prefilled, must be provided by the user and may be changed by the user at any time.
-
This is the age that the user would like to retire.
-
-
Retirement Plan End Year - This field is not prefilled, must be provided by the user and may be changed by the user at any time.
-
The is the year they want the plan to end on.
-
-
Annual Inflation Rate % - This field is prefilled/defaulted to 3% and may be changed by the user at any time.
-
This is the users expected average annual inflation rate before and during retirement.
-
-
Total Annual Compensation - This field is prefilled from existing user/account data (Lower Band of Net Income) and may be changed by the user at any time.
-
This is the users current total annual compensation. This figure should include all things such as salary, bonus, commissions, etc.
-
-
Annual Compensation Growth Rate % - This field is prefilled/defaulted to 3% and may be changed by the user at any time.
-
This is the average annual rate the user expects their total compensation to grow at.
-
-
Effective Tax Rate % - This field is prefilled/defaulted to 20% and may be changed by the user at any time.
-
This is the effective tax rate the user expects to pay on taxable distributions during retirement.
-
Monthly Income
-
Income Label - Enter a Label for your Monthly Income.
-
Amount - Enter the Monthly Income Amount.
-
Taxable - Select Yes or No.
-
Set Custom Date Range? - Select Yes or No. If you select yes, you will be prompted to enter a Start and End Date.
Additional Resources
Learn About PortfolioAnalyst at IBKR Campus