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

sfloodmd Quicken Windows Subscription Member

January 2021 in Budgeting and Planning Tools (Windows)

Am I supposed to use gross amounts or net amounts after withholds?

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Answers

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  Scooterlam Quicken Windows Subscription SuperUser ✭✭✭✭

  January 2021 edited January 2021

  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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