How to Include an Income Ceiling in a plan?
Learn how to effectively incorporate an income ceiling into your financial plan for better budgeting and goal setting.
Last published on: September 03, 2025
Video: Income Ceiling Tutorial
Video Transcript
here's a very simple
0:01
plan just portfolio withdrawals no smile
0:07
if I go to retire me when
0:10
if I start this plan in April 1982 just
0:13
before things get incredible for
0:15
retirees
0:17
this plans income goes through the roof
0:20
to the point where I'm five six times my
0:24
planned income by the year 2000. now you
0:28
can put an income ceiling on the plan
0:32
and in this case I put a ceiling of
0:35
150 percent of my planned income so the
0:38
most I will ever spend is fifty percent
0:41
more than I had originally planned
0:44
the way that you do this
0:46
is from any plan
0:50
go to advanced settings
0:54
income settings
0:56
scroll down
0:57
and turn on the income ceiling even when
1:01
a higher income would otherwise be
1:03
available under this plan cap the
1:05
monthly income at in this case 150
1:08
percent of planned income
1:10
I could do it 200 I'll double it but go
1:13
no farther or you can actually set a
1:15
real inflation-adjusted dollar cap save
1:18
it
1:19
now if I go to retire me when
1:23
I have my cap in place in this case at
1:26
Double the plan income
Â
Â