Enter income information for my partner and myself

Enter income information for my partner and myself

1 Go to the Career place for you or your partner in Lifetime Planner.

1 On the navigation bar (The strip at the top of the Money screen where you can click to go to the different areas in Money.), click Planner.

2 Click Lifetime Planner.

3 In the left pane, click Income.

4 Click either <Your> Career or <Your PartnerÆs> Career.

2 If youÆve used the Paycheck wizard to enter your gross pay in Money, click link to your paychecks.

How?

1 Click link to your paychecks.

2 Check the paycheck(s) from your career.

3 Click Calculate my salary by adding the paychecks selected below.

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If you know your regular amount of pay and bonuses, click quick calculation.

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If you know your annual salary, type it in Annual gross salary.

I'm getting a raise. Where do I enter it?

To enter regular incremental raises, see Enter information about annual raises.

Or, to enter a big, one-time raise ù because of a promotion, for example ù record it as a career event. See Enter career events that affect your salary.

What should I do if my career won't start until sometime in the future?

1 In the table, click Start career.

2 Click Edit.

3 In the Starts field, click the down-arrow

and choose an option to specify when your career will start. (Note that you can choose from several events listed, or you can specify a particular date.)

4 Type an expected salary in Annual gross salary.

There are three ways to enter my annual salary. Which is the best?

It's best to enter information about your paycheck by using the Paycheck wizard, and then clicking link to your paychecks. This way, as you update information about your paycheck, information in your lifetime plan is updated automatically. For more information, see Schedule your paycheck deposit.

What if I don't know exactly how much I'll make? Is it OK to estimate?

Yes, if you donÆt know exactly how much you'll earn ù for example, because you don't receive regular paychecks or because you're paid on commission ù simply estimate what you'll earn. You can always adjust the amount later.

I'm retired now. How do I enter my income?

Since Money handles post-retirement income differently than your pre-retirement salary, enter your post-retirement income as "other income." See Enter other income (not from my career).

What if IÆm not working now, but might work in the future?

1 In Annual Gross Salary, enter $0.

2 In the list, click Start Career.

3 Click Edit.

4 Enter the date at which you plan to start working.

What if my partner and I work together and have a combined income?

Enter your combined income under one partnerÆs name.

How do I use the Paycheck wizard to schedule my paycheck deposit?

How do I enter self-employment income?