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

Include an income ceiling in a plan to model how clients might behave when things are going very well and they choose not to take every pay raise that they could.
 

Video: Income Ceiling Tutorial

Video Transcript

here's a very simple

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plan just portfolio withdrawals no smile

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if I go to retire me when

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if I start this plan in April 1982 just

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before things get incredible for

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retirees

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this plans income goes through the roof

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to the point where I'm five six times my

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planned income by the year 2000. now you

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can put an income ceiling on the plan

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and in this case I put a ceiling of

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150 percent of my planned income so the

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most I will ever spend is fifty percent

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more than I had originally planned

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the way that you do this

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is from any plan

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go to advanced settings

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income settings

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scroll down

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and turn on the income ceiling even when

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a higher income would otherwise be

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available under this plan cap the

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monthly income at in this case 150

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percent of planned income

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I could do it 200 I'll double it but go

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no farther or you can actually set a

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real inflation-adjusted dollar cap save

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it

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now if I go to retire me when

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I have my cap in place in this case at

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Double the plan income

 

 
 

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