Where do I add contributions to my investment accounts?

Enter annual contributions under Cash Flow Inputs-->Investment Assets as seen in the screenshot below. src="https://cdn.livehelpnow.net/clients/21145/kb/acontr1_7b029016-c5c1-4f72-9dcf-e947af729aca.png" id="e0a54f5f-1127-4d32-8be9-282a3ffacf7d" alt="acontr1" width="90%" height="auto" data-image="e0a54f5f-1127-4d32-8be9-282a3ffacf7d [...]

I want to create my own asset class. How do I do this?

You can create your own asset classes and assign annual returns to them in Global Settings > Asset Class Mapping. When adding custom asset classes, you will also map those asset classes to pre-defined asset classes for the purposes of running Monte Carlo simulations. This is because we will not have standard deviation and correlation data for the custom asset classes. After entering the asset [...]

If I'm still working but not earning enough to cover my expenses, how do I model those expenses?

Enter such expenses in the Goals & Additional Expenses section. Set the Start Age to start now or sometime before retirement, and these expenses will be paid out of investment accounts. For example, say you are paying for a child's college education before retirement, and that expense will last four years. In the image below, this expense will start when at 56 and will last for 4 years. [...]

I want to see if it makes sense to delay taking my Social Security benefits. How do I do this?

To run a detailed and thorough analysis, read our case study about delaying Social Security benefits https://www.mywealthtrace.com/blog/social-security-later-can-be-better here. You can also run quick what-if scenarios on delaying Social Security payments as seen in the image below. src="https://cdn.livehelpnow.net/clients/21145/kb/delay1_77ce32a4-96bf-4a43-8d01-b095b2540ff5.png" [...]

I want to figure out if I should take my pension in a lump sum payment, or take the monthly payments for life. What is the best way to do this?

Please go here to read a case study in WealthTrace that analyzes scenarios for lump sump pension payments vs. payments for [...]