What happens when this time off to travel goal overlaps with another goal?
You can create multiple goals with overlapping time periods. Each goal has its own income and spending assumptions. If these assumptions conflict, we’ll let you know. For income, we always use the assumption associated with the goal furthest in the future. For spending, we sum up the costs of all the overlapping goals.
Consider an example: you create two travel goals that have a three-month overlap. The first goal assumes an income of $50,000 per year and spending of $5,000 per month. The second goal assumes an income of $0 per year and spending of $2,000 per month.
We’ll assume your income is $0 per year during the overlap, representing the later goal. We’ll assume you spend $7,000 per month during the overlap, representing the total spending of both goals. Therefore, during the three-month overlap, we assume an income of $0 and monthly spending of $7,000.
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.
Comments are moderated prior to publication
Still need help?
Our support team has your back.Contact us