This should be useful for modeling selling existing RSUs to invest in another investment account. Note that this usually entails paying some taxes and transaction costs.

You could also use this for (or as the basis for) the RMDs for inherited IRAs. Bonus points if you could assign the transfer as taxable so that there’s an associated expense for the year in which the transfer is made.

Obvious case in Canada is moving $ from Margin account to TFSA and when applicable RRSP.

I would like this for transferring from one account to another (401k rollover to IRA upon retirement) but also partial transfers to a new account such as splitting an IRA up into 2 smaller ones (important for modeling SEPP 72t if attempting to get a specific distribution size from the SEPP plan.

Another example of this I would like to see is selling taxable brokerage assets in order to fund tax advantaged retirement accounts (be they IRAs or 401ks).

This is much needed for situations where taxable funds on hand are being used to cover expenses that are not covered by income streams. They could be one-time transfers, or recurring transfers (or multiple one-time transfers). Like mentioned on Discord, such should not mess up the tax analytics.

An example situation would be someone who saved up in order to go from full-time work to part-time work, with the intention of the savings to cover shortages on the expense side that were previously covered by the full-time earnings.

Update: I was able to resolve this in my plan for the most part by a combination of Cash Flow Priorities and Drawdown Order to cover the shortages on the expense side previously covered by full-time earnings. I had previously thought that Drawdown Order applied only in retirement but it does take effect from the beginning of the plan, which is good. The transfer feature is still needed for some of the other situations described earlier in this thread.

Same as Cole G, I would like to transfer from one account to another (i.e. Roth 401k rollover to Roth IRA upon retirement/leaving job). Currently, I see “Early Withdrawal Penalties” in my plan because the Drawdown Order doesn’t have a “Free Withdrawal of Past Roth 401K Contributions” option. Thanks!

Came to say I had another example where I wanted to use this in a model, as we plan to withdrawal from a specific pre-tax account this year to keep our near cash bucket liquid for the first few years of retirement, and doing it while we have a good market. Adding this feature must be more difficult than I believed, given we are four months away from this suggestion being 2 years old and it has a fair number of requests for this board. Thanks Kyle!

In an Australian context, it is common to plan a transfer, or series of transfers, from taxable investments into tax-free superannuation accounts when approaching the preservation age of 60.

Another use case would be transferring taxable investments from into a new ownership structure.

I’ve just tried modelling this as a expense (funded by the “from” account) and an income (targetted at the “to” account). Beyond the friction to set this up (duplicating the date range and amount), it also messes up the plan visualization with the large, synthetic income and expenses dominating the charts. Would love first class support for this!

Hoping that this function would enable a Canadian, say for tax planning purposes, to transfer assets from tax-deferred account (e.g. RRIF) to a taxable account. Person could withdraw an amount from their RRIF that is a) higher than the (government mandated) required minimum withdrawal amounts, b) higher than required to fund expenses.

Would be valuable to enable regular transfers between asset account types. For example, annual transfer from taxable account to tax-free account (e.g. TFSA in Canada, ISA in UK) to utilize annual legislative allowances.

In case useful to other users then I’ll jot a case study here that leverages account transfers. Content: Model accelerated pension withdrawals Problem: Seek $PensionWithdrawal as %x of $PriorYearPension. Tax planning / Periodic pension payments / double tax treaties. Solution: Use of Income/Expenses (per above video) to transfer $x (%Reducing yearly) from pension account to taxable account each year. Requires drawdown order to prioritize taxable before pensions (not seek more-than-transfer $pension withdrawal). Note: This solution can face complexities after the age of RMDs. RMDs can be set zero to this likely requires caution.

This may be related to https://changemap.co/projectifi/projectifi/task/9311-add-an-optional-source-account/

– perhaps this could be incorporated into Account Transfers.

I’ve been using Shawn’s workaround to try and model various assets that PL doesn’t support directly (e.g., a MYGA). Transfer some money to a non-liquid account, have it behave like the asset, then transfer back at the end. For the most part it seems to work, but it makes the tax analytics harder to read, and is fairly twitchy in some cases to get tax handling right.

It would be fantastic to get account transfers integrated directly into PL, with flexible and easy to customize tax settings.

Would be good if could indicate that the transfer was a Gift or Charity for tax calculations…

…transfer $x/yr into Son’s Roth account as a gift. Could make this an expense so that the $ is completely off my ProjectionLab radar, but then unable to see total gifted (and the growth of that gift). So today faking this out by an expense ($ out of my net worth) in the same milestone period as an income event (for same $) that funds XYZ account (which can’t be touched).

Without beneficiary ability, I had to create a standard taxable account to mimic this gift transfer into son’s roth account…

My use case is very similar to Matan’s (selling vesting RSUs to reinvest in another investment account). I’ve gotten close by using the transfers workflow (offsetting income/expense).

One wrinkle: you must sell your stock back upon leaving the company. So, I also would like the ability to draw the account down to $0 upon reaching a milestone, and transfer the remaining balance to another investment account.

In my case, I have the ability to roll over a fixed (or adjusted–for-inflation, maybe) amount per year from one account to another (529->ABLE), and want to do so until it is empty.

So the current workaround for transfers (https://projectionlab.com/help/account-transfers) is clunky, because I can’t easily say “income is X until the source account is too low, and in the final year where the account has

I regularly gift assets to my spouse (seperated tax filings as we live abroad), and having it as an expense, income makes the cash flows inteface inaccurate.
Hoping this gets implemented in the next release…