<title>Enter information about annual raises and salary cap</title>
<category>lifeplan</category>
<klink type="prcdr">How do I enter information about annual raises and salary cap?</klink>
</index>
<content>
<p>You can record the typical annual raise you get for your job and the age at which you expect to achieve your maximum salary.</p>
<ol>
<li>On the <emph>Planner</emph> menu, click <emph>Lifetime Planner</emph>.</li>
<li>In the left pane, click <emph>Income</emph>.</li>
<li>Click <emph>Your Name Career</emph> or <emph>Your Partner's Name Career</emph>.</li>
<li>Click <emph>Annual Raises</emph>.</li>
<li>In the <emph>Annual Raises</emph> dialog box, enter the rate at which you expect your salary to grow:</li>
<ul>
<li>Click <emph>Keeps with inflation</emph> if your annual raises will match the rate of inflation shown.</li>
<li>Click <emph>A custom rate of</emph> if your raises aren't tied to the inflation rate. Enter the average annual raise you expect.</li>
<li>Click <emph>Inflation plus</emph> or <emph>Inflation minus</emph> if your raises are tied to the inflation rate. Enter the percentage above or below the inflation rate.</li>
<li>Click <emph>No inflation</emph> in the unlikely case that you never get a raise, meaning that your salary does not change relative to the inflation rate.</li>
</ul>
<li>Under <emph>Maximum salary limit</emph>, enter the age at which your salary will stop growing above the rate of inflation.</li>
<li>Click <emph>OK</emph>.</li>
</ol>
</content>
<footer>
<extend>
<tease>What does "the age I'll reach maximum salary limit" mean?</tease>
<reveal>
<p>This is the age at which you expect your career earnings to stop growing above and beyond the rate of inflation. Most people experience large jumps in salary early in their careers, but eventually reach a maximum level.</p>
</reveal>
</extend>
<extend>
<tease>Most years I get a moderate raise, but sometimes I get a major raise. How do I distinguish the two?</tease>
<reveal>
<p>To enter regular incremental raises, follow the steps above. To enter a major, one-time raise (because of a promotion, for example), record it as a career event. <alink type="prcdr" href="Entercareereventsthataffectsalary.xml"/></p>
