The Assumptions step of the Nexus Plan Wizard is where you can set the appropriate values for Inflation and Taxes.
To change any of the default values, you can press 'Edit' and then 'Save'.
Inflation Assumptions
COLA (Cost of Living Adjustment)
Allowable Values: 0-10%
Default Value: 2%
Social Security COLA
Allowable Values: 0-10%
Default Value: 2%
Pension COLA
Allowable Values: 0-10%
Default Value: 0%
Tax Assumptions
Capital Gains Rate
Allowable Values: 0-50%
Default Value: 15%
Effective State Income Tax Rate
Allowable Values: 0-50%
Default Value: 5%
FICA Tax Rate
Allowable Values: 0-50%
Default Value: 7.65%
Once you have adjusted all assumptions to the required values, you can continue to the next step, Incomes, by pressing the 'Next' button.
You can return to Goals by pressing 'Prev', or you can press 'Save Progress' to save your inputs so far and return to the plan wizard later.
If you would like to discard the changes you made in this step, you can simply press 'Exit Workflow' and choose the 'Exit and Discard' option.