Annuities
You do have the ability to account for lifetime annuities in My Plan.
If you have CDs, a CD ladder, a MYGA or other type of annuity, please reach out to our service team or schedule a coaching appointment and we can help you get your plan set up.
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