Income

These pages cover the money that comes into a plan. Income Streams covers wages, self-employment, and other income, and what each one is taxed as. Stock Compensation covers RSU grants a job pays in company stock, including refreshes. Social Security covers the three ways to state a benefit, claiming age, and how much of it is taxed. Pensions covers how a defined benefit pension attaches to a job and how FinZot computes the benefit from your plan’s own rules. How income is collected inside a year is covered in how a year works.

• Income Streams — The four kinds of income, what each is taxed as, who earns it, how it is sized and timed, employer match tiers, employer non-elective contributions, and the QBI deduction.
• Stock Compensation — RSU grants a job pays in company stock. Covers the stock and its price, the shares you hold, grants you have and future grants such as refreshes, how each vest is taxed, what happens to vested shares, leaving the job, and changing the plan start date.
• Social Security — The three ways to state a benefit, how claiming age changes it, spousal and survivor benefits, the earnings test, the optional benefit cut, and how much of the benefit is taxed.
• Pensions — How a defined benefit pension attaches to a job, how FinZot computes the benefit from the plan’s own rules, the payout elections, and how the pension interacts with taxes and Social Security.