Glossary
Glossary of terms used in MaxiFi
Interest income earned on Retirement Account Assets. You can adjust the rate of return on Retirement Account Assets under 'Settings and Assumptions.'
Tue, 29 Mar, 2022 at 8:09 AM
Saving involves putting money into regular assets (savings/checking accounts, stocks, bonds, mutual funds, etc.) that are not associated with retirement acc...
Tue, 29 Mar, 2022 at 8:14 AM
Smooth withdrawals are amounts we calculate should be withdrawn from retirement accounts to maintain a consistent withdrawal level in today's dollars fr...
Mon, 18 Dec, 2023 at 8:55 AM
A life insurance policy purchased for a specific “term” or length of time, such as 5, 10, or 20 years. You agree to make annual premium payments to the insu...
Mon, 15 May, 2023 at 9:48 AM
Total income in a given year is the sum for that year of labor earnings, Social Security benefits, pensions, annuities, retirement account withdrawals, and ...
Tue, 29 Mar, 2022 at 8:07 AM
Total spending in a given year is the sum of outlays in that year for housing expenditures, special expenses, taxes, retirement account contributions, Medic...
Tue, 29 Mar, 2022 at 8:17 AM