How To Model An Annuity That Converts To Income
I have the Individual version of WealthTrace and I own an annuity that will later convert to income payments. How do I model this?
The best way to model this type of annuity is to enter an investment in the Non-Qualified Tax-Deferred section where the principal and interest cannot be used. Then create an income stream in the Additional Cash Inflows section. See the example below:
