The “Income floor” is the guaranteed income the client will receive - for example: minimum withdrawal benefit rider on an annuity , social security, or pension.
In this section, you can:
- Select which segment to begin the floor, rate of return during referral (if applicable), and withdrawal rate once you start withdrawing.
- You can determine how much is required based on an allocation percentage, annual income need or amount you would like to invest.
- Any income on the “floor” can start and end in any segment.
- The checkmark next to each income needs to be checked to show up as being on the floor. Any floor income reduces the income need reflected in the model
Click here now to watch
Comments
1 comment
ok
Article is closed for comments.