Pensions and Annuities

This folder asks about your family's defined benefit pensions and existing annuities as well as annuities that will be purchased in the future out of regular assets. Defined benefit pensions are lump sum or annual retirement payments made by employers to their employees. The amount of benefits provided to employees through defined benefit pension plans typically depends both on the number of years worked with the employer and the age of the employee at the time he or she begins to receive benefits.

Retirement Accounts

This folder has six tabs. The first solicits the current market values of assets held in your family’s retirement accounts at the end of last year. These amounts, just like Regular Assets, do not need to be updated through the year. Enter the amounts you had at the end of last year/beginning of the current year. The second tab asks about contributions to these accounts in the current year as well as in future years.