Is there a way I could set the software to include 2023 data for the full year (not just for the tax number)?

I get asked a lot about the first year,  it confuses people to see pro-rated amounts, and I would love to find a way to make it clearer. However I suppose I don’t really understand your question. What exactly would you like to see?

The full year amounts for expenses/incomes etc, you know what they are. You know how much you have earned and spent this year so far. The deposits/withdrawals to accounts have to be done from today because the balance we have is today’s. This is important because most of my users have their accounts/investments automatically updated with Fundata and/or Wealthica. Again, you know what withdrawals/deposits were already done this year. You know how your investments did. The TIME MACHINE projects in the future from today, it does not project back into the past as we assume you know the past already, and your knowledge would be most accurate.

Maybe you could clarify more on what exactly you are trying to achieve? If I can implement it without having to ask many additional questions from the user, I will consider it.

I also seem to miss having a full year's data for current year but do understand the benefit to clients whose investments are automatically updated to the date of a Time Machine run. 

I just have two questions on Time Machine output for the current year:

1. Figures are noted as prorated except for taxes. Are withrawals from investment accounts prorated or for the full year? (I am deciding how much to withdraw from RRIFs before Dec. 31.)

2. When I run Time Machine in March and then again in September, has the value of a dollar declined by inflation between the two dates? (That is, is the value of a dollar slightly different?)

Thanks to all!

1.  For a planned withdrawal from an account (entered in AUTOMATIC SAVINGS/WITHDRAWALS), just enter the amount you intend to withdraw specifying the same start and end date for the withdrawal on the date you are planning to do it. It won't be prorated that way. If the start and end dates are not the same, the amount is assumed to be an annual amount and will be prorated in any partial years covered between the two dates.

2. I'm not quite sure what you are asking. You set the inflation rate in RATES/YIELDS/CURRENCIES, the default rate is set to 2% (the long term target), but you can click Update on that rate and get the latest rate we obtain nightly from the Bank of Canada. You can set it up to change the rate to anything you like at any dates today and in the future. The results of your March run are not modified if you look at it again in September, it has used your assumed inflation rate at the time and the today's dollars results are for March dollars for that run. For many scenario entries we ask you for amounts in today's dollars, and a dollar is worth a dollar today. For amounts that start in the future, you can specify if you want that to be in today's dollars or future dollars when they start.  Future dollars are usually worth less today due to inflation. The TIME MACHINE uses your inflation rate(s) and will show you results in both future dollars and today's dollars.

Thank you for the speedy and helpful response! I appreciate knowing that I can schedule future RIF withdrawas into the Time Machine runs. On my original confusion, I think I can do a better job explaining what I am trying to do:

For my September run of Time Machine, I did not enter any withdrawals into MoneyReady.

I am trying to take advantage of the withdrawal optimizer in the Time Machine to tell me how much RIF income I should take this year (2023). So far, I have taken none. So if my Time Machine and WIthdrawal Optimizer run tells me to withdraw, say, $30,000 from RIF accounts this year, I wonder if $30,000 is the total recommedation from the Withdrawal Optimizer for 2023 or if $30,000 is only a partial number for 2023 becasue it is prorated to the September 2023 run date of the Time Machine. I hope this makes sense.

Thanks again.

Yes that make perfect sense. Unfortunately the Withdrawal Optimizer algorithm only works for full years after retirement, so for the current year there is no optimization (I'm working on it  but is not a trivial problem). The TIME MACHINE will always withdraw the minimum required from RIF accounts, which is why the app asks you for those accounts, your balance at the end of last year and how much you've already withdrawn this year, if any (you can enter that in the ACCOUNT's properties, you may need to click submit to see that on the next screen). 

To plan this year, you can set to have withdrawals in AUTOMATIC SAVINGS/WITHDRAWALS as I said before. If the amount is higher than what was already mandated to withdraw it will take that much more.  You will always see what has been withdrawn from today in the reports of the TIME MACHINE.