{"id":8259,"date":"2017-12-20T10:51:45","date_gmt":"2017-12-20T18:51:45","guid":{"rendered":"http:\/\/canary.kcprod.info/blog\/?p=8259"},"modified":"2022-01-11T17:12:27","modified_gmt":"2022-01-12T01:12:27","slug":"path-gets-smarter-again","status":"publish","type":"post","link":"https:\/\/canary.kcprod.info/blog\/path-gets-smarter-again\/","title":{"rendered":"Path Gets Smarter (again!)"},"content":{"rendered":"

Earlier this year we launched Path, our financial advice engine, because we believe software can do a better job of understanding where you are today and helping you get to where you want go in the future.<\/p>\n

We also believe financial planning should be easy and accessible. With Wealthfront, all you have to do is provide a few simple inputs and the breadth and depth of its capabilities<\/a> come alive. In fact, the more we learn about you through our linking technology, the better advice we can offer.<\/p>\n

After you\u2019ve connected your financial accounts<\/a>, any time your finances or spending behaviors change, we automatically reflect those changes in your plan. We also give you a comprehensive view of your finances, so you can immediately see how your actions today will affect your future goals.<\/p>\n

Fortunately our software-only approach means we can regularly deliver enhancements to make your experience better. So today we\u2019re excited to share a few newly released features that help give you an even more personalized and complete view into your financial future.<\/p>\n

Home sweet (valuable) home<\/h3>\n

If you\u2019re a homeowner, your home is likely one of your most valuable assets. According to our analysis of the 2016 Survey of Consumer Finances<\/a>, for the average homeowner in the U.S. between ages 30 and 45, the value of her home accounts for about 64% of her total assets.<\/p>\n

Therefore, what you do with your home in the future \u2013 stay put, downsize, or rent elsewhere \u2013 could have a huge impact on your future spending abilities.<\/p>\n

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Once you connect your home (via Redfin) and mortgage to your plan, you can select what you\u2019ll do with your property in the future and see its impact on your finances. In the above example, if you choose to stay in your home, you may only be partially on track to cover your planned spending at retirement. But if you choose to downsize to a smaller home at age 54, you could be completely on track to live the retirement lifestyle you want.<\/p>\n

As always, when it comes to evaluating the future value of your home equity and projecting the financial implications of your home choice, our research team does the heavy lifting and considers all the details.<\/p>\n