Accounting For A Varying Salary Over Time
My salary will vary significantly over the next few years. How do I handle this?
Before retirement, the program only needs to know how much you save each year. So if the extra money will be saved, the best way to handle this is to enter it each year in the Additional Cash Inflows section as you see in the image below.
In this example, there are three years where the salary changes significantly. This excess salary will be added to taxable accounts on a pro-rata basis, based on the account balances at the time of the inflows.