Do you love data? Are you, in fact, a data junkie? If so, select Output Data from the main Menu
to launch a new page with five primary tabs.
The tabs are labeled Incomes, Expenses, Accounts, Drawdowns and Grand Total. Selecting a tab
displays a table view of relevant data for the current scenario. Amounts are shown in
either today’s or tomorrow’s dollars based on the setting of the radio buttons
in the upper right-hand corner of the page.
The following topics will be covered in this Guide:
This tab contains data relevant to the Income item table and
displays the following columns:
Age — xxx
Year — xxx
Income Name — A column for each income stream, column headers
correspond to the income's Name. The values shown are pre-tax amounts.
Gross (pre-tax) Total Income — xxx
Pre-Tax Contributions — xxx
Tax Rate — xxx
Net (post-tax) Total Income — xxx
2. Expenses Tab
This tab contains data relevant to the Expenses item table and
displays the following columns:
Age — xxx
Year — xxx
Expense Name — One column for each expense item, column headers
correspond to expense's Name. The values shown are pre-tax amounts.
Total Debt from Expenses — xxx
Sourced Expenses — xxx
Total Expenses — xxx
3. Accounts Tab
Clicking Accounts displays subordinate tabs for each account defined in the
Accounts & Taxes table along with an Account Totals tab. Selecting a subordinate
tab displays details corresponding to that account in a tabular view on a year-by-year basis.
The contents of each subordinate data table varies somewhat, depending upon the terms
relevant to a particular account type and its tax handling
(i.e. whether it is a tax-deferred account or not). There are 3 account types outlined below:
The Default Account — Your Default Account is the top-most account in your account list and where your
positive cashflow accumulates by default. This is also the account that receives dispersals
such as RMDs or rollover funds from other accounts.
Tax-Deferred Accounts — This is any account with an Tax Type of either Tax-Deferred, Tax-Deferred (gains only), or
Tax-Exempt. Typically, these are accounts like 401ks, 403bs, IRAs, etc. The gains in these accounts are not taxed until funds are withdrawn.
Annually-Taxed Accounts — This is any account with an Tax Type of Tax-Annual. Typically, these are
accounts like Checking, Savings, or even Brokerage accounts depending on trading frequency. These types of accounts
can contain a mix of annually-taxed gains and deferred gains.
Account Data Columns
Based on the type of Account being displayed, relevant columns are displayed. Below are all possible columns for all Account types:
Age — xxx
Year — xxx
Defined Contribution — xxx
Contributions from Drawdowns & Rollovers — xxx
Contributions from Employer — xxx
Contributions from RMDs — xxx
Taxes on RMDs — xxx
RMD — xxx
Total Gains for Year — xxx
Annually-Taxed Amount — xxx
Taxes on Annual Gain — xxx
Total Tax-Deferred Gains — xxx
Cashflow Contribution — xxx
Drawdown Withdrawal — xxx
Rollover withdrawal — xxx.
Early Withdrawal — xxx
Early Withdrawal Penalty — xxx
Taxes on Tax-Deferred Withdrawals — xxx
Remaining Principal — xxx
Inflation Devaluation — xxx
Balance (Start of Year) — xxx
Balance (End of Year) — xxx
4. Drawdowns Tab
Unlike other tables that displays data for each year, this table displays a row every time
a drawdown from an Account occurs — as a result there could be multiple entries for some years, and
for others, none at all.
The following columns are displayed:
Age — xxx
Year — xxx
Account — xxx
Amount — xxx
Purpose — xxx
Criteria Met — xxx
For more information on Drawdowns, see the guide
5. Grand Total Tab
This table shows an integrated summary of all Income, Expense and Account items.
The following columns are displayed:
Age — xxx
Year — xxx
Gross (pre-tax) Total Income — The pre-tax total of all income streams.
Other Contributions — xxx
Taxes on Income — xxx
Tax Credits — xxx
RMDs — xxx
Taxes on RMDs — xxx
Taxes on Tax-Deferred Withdrawal — xxx
Total Gains for Year — xxx
Taxes on Annual Gains — xxx
Expenses — xxx
Income Tax Rate — xxx
Gains Tax Rate — xxx
Cashflow — xxx
Funded Contributions — xxx
Inflation Devaluation — xxx
Total Debt — xxx
Total — The account balance at the end of the year. All columns except, RMDs, Funded Contributions,
Cashflow, and Total Debt are used to calculate the Total. The following calculation is performed for each year:
Previous Year's Total + Gross (pre-tax) Total Income + Other Contributions
- Taxes on Income
+ Tax Credits
- Taxes on RMDs
- Taxes on Tax-Deferred Withdrawals
+ Gains
- Taxes on Annual Gains
- Expenses
- Inflation Devaluation
Note: The Total may be plus/minus a few dollars due to rounding multiple values
for Today's versus Tomorrow's dollars.
Tracked Progress — xxx
Progress Growth — xxx
Variable Spending Approach — This is an informational column showing what your spending
would be for a given year should you
use a variable spending approach based on the amount of assets from the previous year.
A common approach is to use 4%. If you would like a different amount displayed, go to Menu / Interface Options and
change the "Default Variable Spending Approach" value.
5. Metrics for Year
This section displays a few interesting Metrics associated with the year you are currently in.
The following are displayed:
