Two people with completely isolated finances… but who file jointly in the US? I’m not really sure how to wrap my head around that… your plans would be inherently intertwined wouldn’t they? One person’s income affects the other via tax liability.

But if you mean an unmarried couple, two single people filing as singles, then… you could just create plans with custom starting conditions. This doesn’t give you two “full accounts” but it might be close enough without needing to purchase another account. To keep this simple, you probably wouldn’t use Current Finances in either plan; you’d use custom starting conditions for both plans. And if you have a joint account you’d just represent it as a split value across each plan. This would require updating balances in two places (Current Finances everything is here), Plan A (A’s accounts), Plan B (B’s accounts).

I might need more details on what you’re thinking about.

There are existing suggestions for keeping income separate for the purpose of managing expenses and cash flow priorities – perhaps this might be what you’re thinking about?

No not who file jointly, still both filing single. But we are a long term couple (almost 15 years now) with mostly independent financial lives, but I would like to be able to model hers as well to help her. Eventually we might merge a few things in the future but even those are easily modeled independently for now.

It is arguably/technically just asking for two accounts for the price of one, but it’s only needed because we aren’t married. AKA inverse marriage-penalty. Perhaps the answer is a more robust way to switch between two “personas” under the same account as opposed to the difference Plans that can be exist. Right now there is too much high-level detail (current finances and age to name two) that can’t be easily toggled. Since I’d have no problem sharing passwords (or just operating the model myself really), that ability to switch Personas could answer the request without really making it a 2-four-1 type thing.

I know I could export my data, build her model, export data, and then import/modify/export as needed but that’s kind of annoying. It works for a one off (like when I modeled her father when he was widowed and didn’t have a clue what it meant for his long term finances) but for a more ongoing effort it’s just annoying.

PS I’m not sure how you manage for a financial professional’s Pro account to make it easy for them to manage multiple clients, but maybe that’s the answer but limit it to 2 max. Assuming they aren’t just importing a client’s exported data.

We do informally offer “Family Accounts” with a 2-seat option. This is our Pro account. It costs more than 1 sub but less than 2. If you’re interested you can email us about it help@projectionlab.com

But I also think you could just use Custom Starting Conditions for one of you, and choose whether or not to actually include both of your finances in Current Finances if that’s even something you need to look at?

Seems like there are already a few existing options that would work this situation.

Yeah I’ll play around with the custom starts. Or maybe just export/import the data for each of us. Thanks

Connecting this suggestion to my suggestion where Me/Spouse could each have unique locations pre-marriage, and filing taxes independently (all in the same plan).

Allows for an non-married couple who have a long engagement but want to plan out their details in a single plan. Whether there are joint accounts, or separate accounts, the tax implication is that Me/Spouse live in sperate tax jurisdictions while filing as single.

Currently, PL assumes Location is tied to both Me & Spouse…

https://changemap.co/projectifi/projectifi/task/10770-spouse-location-and-separate-taxation/

I would like to see an option to allow RMDs from two Partners to be distributed to specific taxable accounts

I would like to piggy-back and expand this concept to include the possibility of a new subscription tier. That would be a Family tier. In my circumstance I am an early retiree and have found the PL tool to be invaluable for wealth modeling and tax planning. My children who range in age between mid 20’s to mid 30’s are just starting to think about these types of issues when managing their personal finances. I have been so impressed with the PL platform that I bought a gift subscription for my daughter (my oldest and furthest along in her personal finance journey). I would love to have my other children use PL to help them develop their long term financial planning, but they are not quite far enough into their PF process to warrant a stand alone subscription yet. If their was a family plan, I would gladly pay a subscription premium to allow them access to the PL tools. Just a though…

Will just add my 2 cents, as someone in a long term non-married relationship.

US non-married couple with separate finances and investments. We file as single.

We don’t have joint accounts; we just agree who will cover each expense. I pay the mortgage, she pays the insurance etc,

I am still playing with the tool but so far have just added all our accounts, assigned them, created explicit expenses and also assigned to one of us. Set taxes to file separately.

Still playing with the tool to find gaps etc. So far from what I can tell in my situation this is close. The general numbers are close since many tax thresholds are double the single.

ATM I am just trying to figure how to effectively split the drawdowns and tweak each for the bracket headroom available.

Haven’t played with it but was planning to looking into doing custom sources for the expenses. Since I split the expenses to his and hers assume if I adjust the sources it might split the drawdown as well.

Otherwise in the tax view switching from me, her, household works pretty well.

Also been playing around with created “single” plans using the hide in income/expenses to completely isolate our finances… I assume the tax filing separate isn’t completely accurate? (but what do I know)