FAQ: Modeling Pension Options in a Financial Plan

Frequently Asked Questions

Need assistance? RightCapital is here to help! Please use the common questions and answers below to assist you in generating financial plans. For additional assistance use the link to our support team at the bottom of the article.

1

What’s the best tab for modeling different pension options? 

Answer: The best place to compare pension options is within the Retirement > Analysis > Probability tab. In the Action Items, select Add New Items > Income > Pension to model different pension options that will only affect the proposed plan. This can then be compared against the current plan. 

2

Can you show a survivor benefit on a pension?

Answer: Yes, when modeling a pension in the Profile > Income tab, the survivor benefit will be entered as a percentage within the data card. 

3

How can I model a lump sum pension into a client's plan?

Lump sum pensions can be entered within the Profile > Savings > Add Savings > Tax Deferred Savings card. This will be seen as an employer contribution into the client's qualified assets that is not limited by IRS contribution limits.

4

How do I model a cash balance pension?

Answer: You can model a cash balance pension in the Profile > Savings > Add Savings area by selecting Cash balance pension. This will show as employer contribution to client’s qualified assets.  

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