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About entering annual amounts for social security and pensions in Lifetime Planner

sfloodmd
sfloodmd Member ✭
in Budgeting and Planning Tools (Windows)
Am I supposed to use gross amounts or net amounts after withholds?

Answers

  • Scooterlam
    Scooterlam SuperUser ✭✭✭✭✭
    edited January 15
    I would use gross amounts. 

    • Federal / State tax expense on SS and pension benefits are accounted for and set by use of the "tax rate" assumption in LTP.     
    • Other "withholds" can be accounted for "living expenses"  or other expense categories, as appropriate.
    Can you share some examples of your withholds?


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