Annuities

You do have the ability to account for lifetime annuities in My Plan.

You have the ability to enter current and future annuities in My Plan.

Current Annuities

To enter a current annuity in your plan, follow these steps:

STEP 1: Head on over to My Plan > Income > Annuities and select Add an Annuity +

STEP 2: Select the user who owns the annuity

STEP 3: Select Yes when asked whether you have purchased this annuity yet

STEP 4: Enter a descriptive name for the annuity

STEP 5: Enter the monthly pre-tax income

STEP 6: Select the start age and stop age

STEP 7: Select the tax treatment

STEP 8: Select an optimistic and pessimistic COLA

STEP 9: Add any relevant survivor benefit

STEP 10: Save

Future Annuities

To enter an annuity you plan to purchase or explore the impacts of a future annuity on your plan, follow these steps:

STEP 1: Head on over to My Plan > Income > Annuities and select Add an Annuity +

STEP 2: Select the user who will earn the income

STEP 3: Select No when asked whether you have purchased this annuity yet

STEP 4: Enter the amount you plan to invest in future dollars

STEP 5: Select the account you plan to use to purchase the annuity

STEP 6: Select the purchase age

STEP 7: Select the age at which you will receive the annuity

STEP 8: Select the COLA (if applicable)

STEP 9: Select the survivor benefit (if applicable)

STEP 10: Save