I need to check my understanding of some of the program inputs and their interactions. I've made some assertions (below) for which I would certainly appreciate any comments or corrections.

Using Economics-based planning:

The "Assumptions/Nominal Rates of Return" Person #1, Person #2 retirement account inputs apply to *all* of 401(k), 403(b), IRA, etc.

Under "Retirement Accounts/Smooth Withdrawals" I read input #1. as the percent of the total of those combined (401(k), 403(b), IRA) retirement accounts to be annuitized and #2 as the percent of the remainder to be spent; e.g., #1: 80% to be annuitized and #2: spending 100% of the amount not annuitized.

Under "Retirement Accounts/Choice of Annuity" I understand #3, "Annuity to grow by" input as a graded or growing payment from the annuity as differentiated from below that where Person #1 and Person #2 have input boxes for, "Fixed and earns a nominal rate of return" which is the actual rate of return of the underlying investment in the annuity.

Thanks in advance.