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Income and Expenses

Cash flow inputs anchor your plan: income funds savings and spending, while expenses and healthcare costs define retirement spending needs. Enter both on dedicated My Plan pages.

Income

The Income page manages finplanner__FinPlan_Income_Monthly__c records. Each row specifies amount, frequency, start and stop timing, COLA assumptions, taxable flag, and which plan member receives it.

Income Type values

Income Type	Typical use
Work	Employment wages, salary, bonuses
Passive Income	Rental, dividends, business distributions
Windfalls	One-time or irregular inflows
Social Security	US benefits—pair with Social Security Explorer for claiming strategies
CPP / OAS	Canadian government benefits—use Income page simulation or CPP / OAS Explorer
Pension - Monthly / Lump Sum / Cash Balance	Employer and private pensions
Annuity / Annuity - Modeling	Guaranteed income streams

Key income fields

Field	Purpose
Pre-Tax Income	Annual or periodic amount before tax
Start / Stop Date	Active period for the income stream
COLA (Optimistic / Average / Pessimistic)	Cost-of-living adjustment rates
Pension Survivor Option / Survivor Benefit	Spousal continuation rules
Pension Indexation	Inflation indexing on pension payments
Commuted Value	Lump-sum pension valuation where applicable
Taxable	Whether income is subject to income tax

For Canadian government benefits, the Income page may show Run CPP & OAS Simulation to model benefit amounts before they flow into projections.

Expenses and Healthcare

The Expenses and Healthcare page manages finplanner__FinPlan_Expenses__c records. Expense totals interact with Withdrawal Strategy—especially Spending Needs mode, which targets expense-driven withdrawals in retirement.

Expense Type values

Expense Type	Typical use
Recurring Expenses	Baseline living costs (pre- and post-retirement)
One-Time Expenses	Planned lump-sum spending events
Medicare Expenses (65 through longevity)	US Medicare premiums and related costs
Medical Expenses before 65	Pre-Medicare healthcare spending
Long-Term Care	LTC premiums or self-insured care assumptions
Disbursements	Other planned outflows

Key expense fields

Field	Purpose
Must Spend Amount	Required spending (used when Expense Amount Mode is Must Spend)
Like to Spend Amount	Aspirational spending (used when Expense Amount Mode is Like to Spend)
Frequency	Monthly, annual, or other recurrence
Medicare Coverage Type	Part B/D context for Medicare expense rows
Long-Term Care Strategy	Insurance vs self-funded LTC modeling
Health Conditions / Do you smoke	Healthcare cost modifiers
Tax Deductible	Deductibility flag for tax calculations

Typical expenses helper

Use Add Typical Expenses to seed common spending categories from packaged templates (Expense_Default__mdt), then refine amounts, must/like spend, and start/stop ages for the household.

Surplus and excess income

When income exceeds expenses, plan-level preferences control surplus handling:

Excess Income — Percentage of surplus saved versus spent
Surplus Allocation Mode — Save, Spend, Split, Hold, or Unallocated (required for Max Spending strategy)
Surplus Hold Account / Surplus Split Save Percent — Destination and split rules
Financial Account (Excess Income destination) — Target account for saved surplus

Rates that affect expenses

Plan-level optimistic rates in Plan Preferences → Rates adjust inflation assumptions for medical, housing, and Social Security. These shape long-horizon expense growth. See Modeling Assumptions for how optimistic rates drive the effective run.

Preference section	Expense impact
Rates	Optimistic inflation, medical, housing, Social Security growth
Goals	Financial legacy and max spending start date
Excess Income	How surplus cash is saved versus spent
Expense Amount Mode	Must Spend vs Like to Spend column selection