On the pension screen you enter information related to your pension(s).  Social Security, retirement accounts, and annuities each have their own input areas. 

Key Concepts:


  • Although entering the "annual amount" is self-explanatory, note that the "lump sum" field will create a taxable receipt and this income will be added to your regular assets. If you are using a lump sum rollover to move the pension to a tax-deferred retirement account, do not enter it as a pension. Instead, follow the guidelines here: Pension Rollover vs Lump Sum
  • Most pensions are not indexed to inflation like Social Security. If it is fully indexed to inflation, giving it a full cost of living adjustment every year, enter 100% for inflation indexing. If the face value stays the same every year (more common), enter 0%.