Secondary Income

For income sources such as part-time employment or rental income before or after retirement, Secondary income can be used. Income taxes will be deduced. Taxes for Social Security and Medicare will not be deducted for secondary income.

1. In the Income Name field, enter a name for the secondary income source.

2. In the Recipient field, the primary member of the client is selected by default. To select another recipient, click the Recipient drop-down and select their name.

3. In the Annual Income field, enter the amount of the secondary income.

4. In the Begin Year field, enter the year that the income begins.

5. In the End Year field, enter the year that the income ends.

6. In the Income Growth Rate field, enter the annual expected percentage increase of income amount. This field is optional.

7. Click Next.