Alex and Priya…
…want to take one year off of work to take a once-in-a-lifetime trip to Peru for a language immersion program. They're excited but want to make sure their plan is really doable.
Challenges
- Need to make it a year without income
- Need to handle extra travel expenses
Using Futurez, let’s see if we can insulate them from a big income drop!
Step-by-step walkthrough
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What is Futurez?
Futurez is a FINANCIAL SIMULATOR anyone can use. Discover insights about your money situation in minutes.
HOW THEY DID IT
Key elements of their plan
1
We simulated a one-year drop in income and $25k in travel expenses by creating two events. We created a third event that resumes their income after their trip ends.
2
Priya and Alex have been working hard on their 401k so we adjusted the plan with a minimum withdrawal date so that their trip costs don't touch their investments.
3
By delaying their trip slightly, we found the sweet spot that allows them to take a year off without dipping their bank account too much.
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