The Retirement Years screen displays the various forms of retirement income during the retirement years in both a stacked bar chart or in a grid.
Chart
The chart is shown below:
The years in the chart represent calendar years in retirement.
There are several options for displaying the grid:
Multi-Year vs. Single Year buttons
The chart may display either all years during retirement in a stacked bar format (shown above) or a single year in a pie chart (shown below).
To the right of the chart the distribution order of the accounts is displayed. The order may be changed by dragging the accounts to a new position in the list.
In the Quick Gap calculator this changes the distribution order for all retirement years.
In the Gap Analysis calculator, the change is applied for the selected year and continues until distribution order is encountered (if any). An orange bar will appear in the grid to indicated which years have changes in distribution order.
When viewing a single year, a slider-bar appears at the bottom for scrolling through the various years.
| Hint: | To view a specific year in the grid, simply click on the specific bar in the multi-year view. |
Income Sources vs. Account Balances
The chart can display either the income sources during retirement (shown above) or the account balances during retirement.
Note: In the multi-year chart, click on a bar to view data for a particular year.
Show Income Needed Line
This check box toggles the income-needed line (shown in the image above).
Group Additional Incomes
When working with more than a handful of additional income accounts (from the Other Accounts tab), the chart may become confusing. Check this box to reduce the clutter.
Popup Menu
Right clicking over the chart allows for these options:
View 3-D
Toggles if the chart is viewed in 3-d or 2-d.
View Legend
Determines the location of the chart's legend.
Income Values
The chart allows for both Annual Values and Average Monthly Values.
| Note: | When working with Annual Values with clients who have a fractional year in the retirement life-expectancy, the final year will appear shorter than prior years because it is not a full year. |
Horizontal Axis
Along the horizontal axis (years) there are 3 options to display data:
| 1. | The client and spouse's age; |
| 2. | The date |
| 3. | The year number (from the first retirement). |
Grid
The grid is shown below:
The buttons above the grid determine which type of values are displayed in the grid (Annual Totals, Annual Monthly Averages or Monthly Values). Clicking on a button will change which data is displayed.
The buttons below the grid are described below:
Apply Best Fit
Sizes columns to fit best in the grid.
Print Preview
Opens a print-preview of the grid that may also be printed.
Export Grid
Allows exporting the grid to HTML, XML, Excel or text formats.