An example of VeriPlan's 1-INCOME graphic

OVERVIEW of the 1-INCOME graphic: Gross Earned, Retirement, and Other Income (real $/yr)

Below is an example of the blue-tabbed 1-INCOME graphic, which comes from VeriPlan's "Sue and Sam Saver" tutorial. This graphic shows Sue and Sam's projected income, which is directly or indirectly associated with earned income sources and excludes income from their asset portfolio.

Earned income for Earners #1 and #2 will also reflect any income adjustments made in the table in Section 4 of the '2-Your Earned Income' worksheet, which is entitled: "Making adjustments to your projected employment and actively-managed business income." In this case, Sue and Sam are testing two adjustments to Sam's employment income. First, they project that he will be promoted in four years and receive a substantial real dollar raise. Second, they project that Sam will be unemployed for six months when he is 50 years old. The adjustments are just illustrations of your ability to adjust your income projection assumptions in VeriPlan for any or every year.

You can download a free copy of this VeriPlan tutorial file using this link:

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Each 1-INCOME graphic, which is automatically generated for every VeriPlan lifetime financial planning scenario, shows your:

* earned employment and actively-managed business income with your real dollar growth rates for Earners #1 and #2 that you entered on the yellow-tabbed '2-Your Earned Income' worksheet.

* the pension and annuity income for Earners #1 and #2 that you entered on the yellow-tabbed '3-Your Pensions & Annuities' worksheet

* the Social Security income with adjustments that you entered on the orange-tabbed '2-Retirement Tool' worksheet

* the "Other Income" that you entered on the yellow-tabbed '4-Your Other Income' worksheet

These income sources summarize your earned income sources and your non-asset related retirement income that is generally related to your earned income. Annuities are the exception in the sense that they sometimes represent assets that you have transformed into contractual income sources. Other annuities may be acquired without asset financial transformation through a regular, contractual purchase plan. Some 'Other Income' sources may also be passive sources that do not require your active work to be received. These passive 'Other Income' sources are included primarily because they are listed as 'other income' on your tax returns, are taxed at ordinary income tax rates, and are grouped with your other more actively-earned 'other income' sources.

No income from assets nor any capital appreciation is represented on this graphic. Asset income is assumed to be taxed and reinvested. Assets are withdrawn only in years when you are projected to have a cash expense-to-earned income shortfall. VeriPlan automatically provides many other graphics and data tables that provide lifetime projection information related to your various assets.