Future Changes
These tables are sprinkled all throughout Moneytree Plan. They are there to give you maximum control over your planning. Use these tables to time exactly when something occurs. One change is assumed to continue indefinitely unless there is a second Future Change entry. Entries are based on client ages. For temporary changes, you will need 2 entries: one to start it and one to revert it back to previous behavior (we often refer to this as a "stop age").
When an item has no singular owner (such as Other Incomes or Joint owned assets) entries are based on the first individual's age.
Common use cases include scheduling withdrawals from assets and changing asset additions in future years.
Asset Withdrawals
Manually scheduling asset withdrawals brings a few benefits. They allow users to liquidate certain assets at a specific date, work around the program's default withdrawal order, and begin the process of a Roth conversion.
Asset withdrawals are typically modeled through 2 entries: 1 to start the withdrawals and 1 to stop them.
Add a future change entry, enter the age to start the withdrawal, and the withdrawal amount as a negative monthly dollar amount. You can repeat this step if there are substantial changes to the withdrawal amount.
Add a final future change entry to stop the withdrawals. Enter the age the withdrawals stop, and $0 for the monthly dollar amount.
Changes to Asset Additions
Some people may wish to increase savings into a particular asset in the future, perhaps as a result of paying off some debt that frees up some extra cash flow. You can use Future Changes to make these modification.
Add a future change entry, enter the age the additions increase, and the desired additional monthly contribution amount in today's dollars. You can repeat this step if there are substantial changes to the addition amount.
Create a final entry to stop additions, typically the owner's retirement age. Once a Future Change is entered it will continue indefinitely and will not stop by default at retirement.