Need assistance with data entry? 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.
The system will automatically consider adjustments based on the age the client is starting their Social Security benefit. It will also automatically calculate Spousal & Survivor benefits when applicable.
No, the software will not account for a child's Social Security benefit. If this is something you would like to model, navigate to the profile > Income area, press Add Income > Other Income, then input the income amount and the years applicable. Lastly, adjust the taxation to Social Security income.
To enter Social Security income that won’t be adjusted for benefits & inflation navigate to the profile > Income area, press Add Income > Other Income, then input the income amount and the years applicable. Lastly, adjust the taxation to Social Security income. Additionally, you can adjust Social Security Assumptions within the gear icon > settings > other assumptions area.
The complete breakdown of Social Security income is available for each client in the Retirement > Cash Flows report. To access this information use the Summary tab, click the underlined "Income Inflows" column header, then click the underlined "Social Security" column header to review the client and co-clients Social Security income and any adjustments or benefits.
For additional assistance within RightCapital please contact our Support team.
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