Net worth from the balance sheet

filing_status: single

question: What is this household's net worth?

unit: USD

method: exact

computation: net_worth = total_assets - total_liabilities = 850000 - 320000 = 530000


Savings rate

question: What is this household's savings rate, as a percent of net income?

unit: percent

method: numeric

computation: savings_rate = annual_savings / net_income = 19200 / 96000 = 0.20 = 20%


Emergency fund coverage

question: How many months of expenses does this household's emergency fund cover?

unit: months

computation: months = liquid_assets / monthly_expenses = 48000 / 8000 = 6.0


Debt-to-income ratio

question: What is this household's debt-to-income (DTI) ratio, as a percent?

computation: DTI = monthly_debt_payments / gross_monthly_income = 2400 / 8000 = 0.30 = 30%


name: Remaining 401(k) elective-deferral room (under 50)

question: How much more can this employee contribute to their 401(k) as an elective deferral in 2026?

computation: 2026 under-50 limit 24500 - already contributed 10000 = 14500


name: Maximum 401(k) deferral with age-50 catch-up

question: What is the maximum total 401(k) elective deferral (including catch-up) for this employee in 2026?


name: Maximum 401(k) deferral with SECURE 2.0 super catch-up

question: What is the maximum total 401(k) elective deferral for this employee in 2026, given the SECURE 2.0 enhanced catch-up for ages 60-63?

computation: 24500 + 11250 enhanced catch-up (ages 60-63) = 35750. The 11250 replaces (not adds to) the regular 8000 catch-up.


Required minimum distribution at age 75

category: rmd

question: What is this person's 2026 required minimum distribution from their IRA, using the Uniform Lifetime Table?

computation: RMD = prior-year-end balance / Uniform Lifetime divisor for age 75 (24.6) = 500000 / 24.6 = 20325.20


Marginal federal tax bracket

question: What is this single filer's marginal federal income tax bracket (rate) for 2026?

computation: 2026 single brackets: 24% applies over 105700 and up to 201775. 120000 falls in the 24% band.


category: irmaa

name: Medicare IRMAA tier and total Part B premium

question: For 2026, what is this couple's total monthly Medicare Part B premium per person (standard premium plus IRMAA surcharge)?

unit: USD/month

computation: 2024 MAGI 300000 (MFJ) falls in tier 3 (274000 < MAGI <= 342000): total Part B = 202.90 standard + 202.90 IRMAA surcharge = 405.80 per person.


category: estate

name: Estate value exceeding the federal exemption

question: How much of this $20,000,000 estate exceeds the 2026 federal estate-tax exemption?


category: hsa

name: Maximum HSA contribution (family, age 50)

hdhp_coverage: family

question: What is this person's maximum 2026 HSA contribution?

computation: Family limit 8750. The age-55 catch-up (1000) does not apply at age 50, so the maximum is 8750.


California top marginal rate

state: CA

question: What is the top marginal California state income tax rate that applies to this resident, including any surtax?

computation: California 12.3% top bracket + 1% Mental Health Services Tax on income over 1,000,000 = 13.3%.


Illinois tax on a 401(k) distribution

state: IL

question: How much Illinois state income tax does this retiree owe on their $60,000 qualified 401(k) distribution?

computation: Illinois exempts qualified retirement income (401(k) distributions are subtracted on Schedule M), so the Illinois tax on the distribution is 0.