The purpose of this report is to understand income that is available to a plan, as well as money that is being distributed from different sources- all to satisfy spending goals.
What does each column on this report mean?
Year - Every year of the plan from the current year to the end of the plan
Age - Age of the client and co-client in every year of the plan
Gross Incomes
Payroll - Total gross payroll income in every year of the plan
Social Security - Total Social Security income (100% of SS, not the taxable portion) in every year of the plan
Pension - Total Pension income, in every year of the plan
Other Income - Total Other Income, in every year of the plan
Portfolio Distributions
Gross Taxable Dist - The gross distribution from the taxable bucket, including capital gains taxes. This must not include the Excess Income bucket
Gross Excess Income Dist - This is a new column. Gross distribution from the Excess Income bucket, including capital gains
Gross Pre-Tax Dist - The gross distribution from the pre-tax bucket, including income taxes. This must not include RMDs
RMD - RMDs paid from pre-tax accounts
Tax Exempt Dist - Total distribution from the Tax-Free bucket
Accumulation FIAs
Gross FIA Dist - Regardless of tax status, all money (including taxes) distributed from accumulation FIAs, but not RILAs
Gross RILA Dist - Regardless of tax status, all money (including taxes) distributed from RILAs, but not other accumulation FIAs
GI Annuity
Gross Payout - All annual GI payouts, including any taxes, from all Guaranteed Income FIAs. Does not include payouts from GI IULs
IUL
GI IUL Payout - All annual payouts from all GI IULs. Does not include payouts from GI FIAs
Gross IUL Dist - Total of all distributions from IUL, excluding GI IUL payouts
Total Inflows - The sum of all of the above, in any given year