How to share your investing goals

Dave Fortin, CFA (+ dad of twins)

Imagine working towards a dream vacation, a wedding, a down payment on a home, or a child's college education with your partner, but with the added benefit of complete transparency and individual control over your contributions. FutureMoney's shared goal functionality makes this a reality. By leveraging this feature, couples and families can ditch the spreadsheets and fragmented accounts, creating a seamless space to visualize progress, celebrate milestones, and achieve your financial aspirations together – all while maintaining ownership of your designated contributions. Let's dive into how shared goals empower your financial journey, one shared dream at a time.

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Here are the steps to sharing a goal:

Log in to your app
From the home screen, click on a person’s name. This may be “You” or anyone else you are currently investing for using FutureMoney.
Click on the goal you want to share
Click on “...” in the top right corner
Click on Share Goal, and follow the steps. The person you share with will be notified by SMS text message.

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For the recipient:

If that person has a FutureMoney account, they will be able to accept it when they next log in. If they do not have a FutureMoney account yet, it will prompt them to download the app and go through the onboarding process.

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Next to the goal name, you’ll be able to see that it’s shared. If ever you want to unshare a goal, go back to the “...” section from your goal screen, and click Share Goal again. There you can remove anyone it’s been shared with, or share with others.

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FutureMoney's shared goals give each person the ability to view the current total account value and what is on target to be achieved, but access to only withdraw the value of their own account - shared visibility, but with retained control. This is a game-changer for couples and families striving towards shared financial aspirations. By providing a transparent, collaborative platform, it empowers you to visualize progress, celebrate milestones, and achieve your goals together. Start your journey toward shared financial success today!

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Photo by Timo Stern on Unsplash

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¹ The graph compares hypothetical performance for two different starting points, age 0 and age 30, and three different recurring weekly contribution amounts. The results are based on the assumption of no withdrawals or changes in deposit amounts, and do not include management fees, taxes, or other costs, which would reduce actual returns. The performance shown is hypothetical and assumes a constant 10% annual return. These assumptions do not reflect actual performance, or any fluctuations in market returns that would be present in actual returns. Investing involves risk, including the potential loss of principal.
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If your state or your designated beneficiary’s state offers a 529 plan, you may want to consider what, if any, potential state income-tax or other state benefits it offers, such as financial aid, scholarship funds, and protection from creditors, before investing.State tax or other benefits should be one of many factors to be considered prior to making an investment decision. Please consult with your financial, tax, or other advisor about how these state benefits, if any, may apply to your specific circumstances. You may also contact your state 529 plan or any other 529 education savings plan to learn more about their features. Please contact support@futuremoney.co to obtain a Plan Disclosure Document or prospectus for any of the underlying funds. The Plan Disclosure Document contains complete details on investment objectives, risks, fees, charges, and expenses, as well as more information about municipal fund securities and the underlying investment companies that should be considered before investing. Please read the Plan Disclosure Document carefully prior to investing. 529 PLANS ARE NOT FDIC INSURED, MAY LOSE VALUE, AND ARE NOT BANK OR STATE GUARANTEED.