Transcript
In this video, I will walk you through how to reflect your client moving to part-time employment.
If you haven’t done so already, I encourage you to navigate to the silhouette icon in the top right corner, go to Preferences, and turn on Inline Help. This will give you access to all of the help information in the plan.
To adjust your client’s income to reflect part-time work, go to their existing income entry and open it. Then, navigate to Steps. Here, I’ll add a step to this income and step it down to 50% of what it is now. I’ll keep the growth rate at 3%.
For Timing, I want this to occur at age 60. So, I’ll double-click in the gray area, give this step a name, and set the timing. This means the client will have $300,000 with 3% growth year-on-year in the plan until age 60, and then $150,000 with 3% growth year-on-year until retirement.
Click Done, and then Done again to save. You should now see the cash flow chart reflect that adjustment in income. For example, the year before the change we see total income of $339,000, and the next year it adjusts down to $176,000.
Switching to Year View, you can also see this clearly: income grows at 3% until age 60, drops to half, and then employment income leaves the plan entirely at age 65.