Defined Benefit Account

TRAK allows for including a known Defined Benefit value.

Note:The value for the known defined benefit must be imported and can not be edited inside of TRAK.

The prompts for this tab are discussed as follows:

Include Defined Benefit Account in Illustration

Check this box to include the known defined benefit account value for retirement.

Defined Benefit Account Name

Enter the name of the defined benefit account. This will be displayed in the Retirement Years chart.

Cost of Living Adjustment (COLA)

Before Retirement

If the imported value has a cost-of-living adjustment (COLA) prior to retirement, enter the COLA value here.

During Retirement

If the imported value has a cost-of-living adjustment (COLA) during retirement, enter the COLA value here.

Compound Annual Increase

If the retirement COLA is compounded, check this box.