Outflows
The purpose of this report is to summarize the cash needs and taxes in a plan, year over year.
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
Net Goals - Total spending goals for the year, net of taxes (i.e., excluding taxes)
Net Transfers - Total transfers for the year, net of taxes (i.e., excluding taxes)
Total Income Taxes - All Federal + State + FICA income taxes in a given year
Total Capital Gains Taxes - All capital gains taxes in a given year
Total Outflows - Sum of all the above outflows in a year