Your request (1334041) has been received and is being reviewed by our support staff.
Hi Cave,
Thanks for reaching out. Currently, the Future Expense goal would not factor in the Automated Bond Ladder. For expenses in the next 5 years, the assumption is that you'll use savings that are in cash accounts. For expenses > 5 years, the assumption is that those expenses will be met with taxable investment accounts. We explain the Path logic for for Future Expense in more detail, here.
Currently I am using sub accounts of my Joint Cash account to prepay for my next Vacation in one year, but repeating each year and my next SUV in 8 years repeating every 8 years.
Could I set up multiple Bond Ladder accounts for each "goal" and would these use cases be viable with this product:
Next Vacation Bond Ladder: Term 1 year - Future $ Target - Cash out at maturity and start another 1 year term for the next vacation - forgo next vacation for a larger vacation in two years - extend the
current bond ladder by another year.
Next SUV purchase Bond Ladder: Term 8 years - Future $ Target - Cash out and buy new SUV - Start new Bond ladder for same term maybe different amount - repeat...
Your request (1334041) has been received and is being reviewed by our support staff.
Hi Cave,
Thanks for reaching out. Currently, the Future Expense goal would not factor in the Automated Bond Ladder. For expenses in the next 5 years, the assumption is that you'll use savings that are in cash accounts. For expenses > 5 years, the assumption is that those expenses will be met with taxable investment accounts. We explain the Path logic for for Future Expense in more detail, here.
Best, Wilson Wealthfront Client Services support@wealthfront.com Help Center / Blog
Cave Arnold
May 8, 2024, 08:52 PDT
Currently I am using sub accounts of my Joint Cash account to prepay for my next Vacation in one year, but repeating each year and my next SUV in 8 years repeating every 8 years.
Could I set up multiple Bond Ladder accounts for each "goal" and would these use cases be viable with this product:
Next Vacation Bond Ladder: Term 1 year - Future $ Target - Cash out at maturity and start another 1 year term for the next vacation - forgo next vacation for a larger vacation in two years - extend the current bond ladder by another year.
Next SUV purchase Bond Ladder: Term 8 years - Future $ Target - Cash out and buy new SUV - Start new Bond ladder for same term maybe different amount - repeat...