When filling out social security income, there’s a “trick” to doing it correctly.
First, you’ll go under the “earned income/ss” tab. If you’re including social security income for someone who has been taking the income, you should do the COL adjustment (if needed) manually.
Let’s say you have a 70 year old, and he began taking his social security benefits at age 66. Input the amount he was initially taking, at age 67, so that Asset Flow calculates everything correctly. Then you can choose to include a COLA if you would like to. Otherwise, your calculations will be off.
