Watch this video for a brief introduction to the input section assets and income. It will review how to run an illustration based on a desired monthly income need and also a present value of assets. It will also demonstrate the use of the income deferral option.
Overview of Assets and Income Section
Present Value of Assets: how much you want to invest within The Model
*When you choose this option you have the option to defer income in a deferral segment.
You can then choose
- The number of years of deferral
- An annual contribution if desired
- The contribution start year
- An assumed rate of return for those assets during the deferral period.
Desired monthly income: how much the client needs each month