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Closing balances are gross of latent account taxes. Smooth returns are assumptions, not a safe-spending limit or probability of success.

• Preset amounts and assumptions are editable illustrations, not estimates of a typical household.
• Returns, inflation, spending and tax buckets are assumptions specified in this packet.
• Absent birth dates and residence remain missing inputs. Social Security and other income are included only when explicitly supplied.
• Anonymous hypothetical inputs are not reported holdings, accepted evidence, an approved plan, legal family ownership or executed activity.
• Enhanced federal senior deduction eligibility or MAGI additions remain unreviewed; the federal estimate retains the base deduction. States requiring that amount remain unresolved.
• Simple state bracket estimate: federal AGI less federally taxable Social Security, then a basic state deduction. Wages, taxable IRA/401(k) withdrawals, Roth conversions, interest, dividends and gains otherwise use ordinary brackets. No owner/source questionnaire is required. Credits, age/dependent exemptions, retirement exclusions, deduction phaseouts, most special gain treatment and local taxes are omitted. Some amounts are disclosed parameter proxies. Thresholds stay nominal after the latest included enacted schedule; this is a planning assumption, not a complete return or verified future indexing. Washington separately models its securities-gain excise and enacted 2028 income-tax interaction. Refine with detailed planning when these differences matter.
• FL: simple-FL-2026-brackets-v1; approximate state-tax planning components.
• Simplified taxable investment sales assume 50% of proceeds are long-term gains and the remainder is assumed return of capital, not verified cost basis. Cash realizes no gain. Retained initial basis and detailed lot settings are not used or changed by this mode. The existing tax engine applies income, deductions, gain brackets and NIIT; this percentage is not a tax rate.
• Deterministic what-if, not a market forecast, calibrated success probability or optimized advice. Returns are assumptions; early-loss tests are specific paths.
• 2026 MFJ basic federal components and the selected planning residence; state rule sources, coverage and future-year assumptions are reported separately; base standard deduction with an optional reviewed enhanced senior deduction through2028; no age/blind standard-deduction additions, credits or dependent additions; future thresholds are assumptions. No survivor filing status, estate tax, tax-lot optimization, other income or penalties. Explicit Social Security estimates increase with assumed inflation, not a promised COLA; benefit-month cash is approximate. Healthcare/giving allocations fit inside the budget. Medicare uses age-65 birth months and two-year modeled MAGI; absent pre-horizon MAGI leaves IRMAA unknown. Reserve includes Medicare estimates rather than charging them twice; other coverage and out-of-pocket costs remain estimates.
• Qualified Roth access and conversion eligibility are assumed for discussion, not verified. RMD uses owner age and Uniform Lifetime factors.
• Family link is a hypothetical planning carve-out, not an actual legal ownership change or estate-tax exclusion. No ownership shares invented. Reported personal accounts remain unchanged.
• Explicit pre-tax spending is owner-specific, inflation-adjusted and includes mandatory distributions rather than adding them twice. Optional conversion cutoff uses each owner RMD start year. An explicit securities gain percentage is a scenario assumption; spending cash realizes no gain.
• Taxable growth assumed unrealized; ongoing dividends, capital-loss deductions and turnover taxes are omitted. Personal fees are omitted; linked family fee is explicit. Ending personal wealth is gross of latent pre-tax and capital-gain taxes.