Hi - if I want to run the projections in the time machine as if today is Jan 1, 2024, is that possible? I understand I would have to set all account balances to their values as at Jan 1 as well. But then I wouldn't have to enter the taxes and dividends paid to date, for example, and I could keep sensitivity testing with a constant base throughout the year. The AI bot seems to think there is a prompt for this in the time machine, but I don't see it. Thank you. 

ps. I love the software. It's truly amazing. 

There's nothing in the documentation about that and the AI loves to make stuff up when it doesn't know. In this case, it is on to something though, because that feature does exist. But is not available to users. I use it mostly for testing things. Particularly near the end of the year, to make sure that nothing will break when the new year rolls around. I'll look into making it available and let you know.

Thanks

I've looked into it and decided not to implement a Jan 1 feature as it would be an inacurate projection.

Thank you for the response. Perhaps interestingly, I have another financial planning software package where it's *only* possibly to run scenarios as if it's January 1 of the current year. It's not as powerful as this app though, so I prefer to run this one. Thanks again. 

Thanks. I'm sure you would also not use a broken clock even though it's accurate twice a day :)

I also wish to fix the start date to Jan 1, 2025 or 2026 for above reasons. I have been manually resetting start dates of components for this effect, but it's a nuisance. Is there a workaround you recommend while we wait for a future feature?

Today is not Jan 1. The MoneyReadyApp tries to be accurate as possible. Projections in the future make a lot of assumptions, but at least we can know the current situation today accurately, so we start from that.

We use your current account balances. One of it's best features is to our ability to keep your accounts current to today automatically with our free Fundata and Wealthica integrations. To give you accurate current projections, we run these projections with accurate data today, from today. When entering incomes/expenses and other components, enter their real start dates, you don't need to adjust those, you stick to reality for those, the TIME MACHINE adjusts.

What you do need to adjust are any taxes already paid this year in the screens right before running the TIME MACHINE as it will calculate taxes in full for the year, and if you've already paid some (via at source deductions, installments, withholding etc) you want to be credited for that.