Might be a dumb question, but I want to make sure I understand.
If you have more income than expense , you generally do not include the net amount in liquidity requirement unless stated otherwise (current annual savings used to offset funding one time payment to children’s future education needs)
If you have more expense than income , you include the net amount in liquidity needs.
If you have a contribution to your TDA , it would not be included in liquidity needs (2010 AM 1A).
Are these statements correct?