We assume your income picks up where it left off, adjusted for inflation. If your income changes when you return, you can update it when the goal is complete.
Income tends to grow with inflation and/or career progression. While extended time out of the workforce can impact your career progression and therefore income growth, the extent depends on your situation, industry, and length of time out of the workforce. Therefore, we only make assumptions about inflation.
If you’re curious about the potential impact to your career after taking time off to travel, you can adjust your income growth rate on a scale from very conservative to high.
This communication has been prepared solely for informational purposes only. Nothing in this communication should be construed as an offer, recommendation, or solicitation to buy or sell any security or a financial product. Any links provided to other server sites are offered as a matter of convenience and are not intended to imply that Wealthfront or its affiliates endorses, sponsors, promotes and/or is affiliated with the owners of or participants in those sites, or endorses any information contained on those sites, unless expressly stated otherwise.
Wealthfront offers a free software-based financial advice engine that delivers automated financial planning tools to help users achieve better outcomes. Investment management and advisory services are provided by Wealthfront Advisers LLC, an SEC registered investment adviser, and brokerage related products are provided by Wealthfront Brokerage LLC, a member of FINRA/SIPC.
Wealthfront, Wealthfront Advisers and Wealthfront Brokerage are wholly owned subsidiaries of Wealthfront Corporation.
© 2020 Wealthfront Corporation. All rights reserved.