Gross Salary Available For Living Expenses
In the Cash Flow Distributions screen I see Gross Salary Available For Living Expenses. How is this calculated and used by the program?
This applies when one spouse/partner retires before the other and the non-retired spouse/partner has salary income. The program starts retirement expenses with the first retirement date. So if the other spouse/partner has $100K in net income (after taxes and any contributions to savings), this amount will be used for any expenses in retirement before the program looks at other funding sources.