The 2023 version of Pralana Gold has been released and contains this new functionality:
- Implemented the Inflation Reduction Act to extend ACA subsidies through 2025 regardless of MAGI
- Implemented SECURE 2.0 to delay RMD’s
- Implemented 2023 tax tables
- Enhanced the Roth conversion algorithm to optionally limit conversions to the top of the 0% or 15% capital gains brackets
- Expanded withdrawal priority options to include proportional withdrawals across all accounts
- Added the capability to vary the general inflation rate over two different time periods
- Added the ability to vary the rates of return for each asset class over multiple time periods
- Added the capability to model future children
- Added the capability to delay RMD’s from inherited traditional and Roth IRAs
- Implemented a new summary report that presents a detailed listing of income and expense components and identifies all the puts and takes relative to regular, tax-deferred and Roth accounts for the first five years of the modeling period
- Implemented the concept of essential and non-essential expenses (replacing the prior definition of discretionary and non-discretionary expenses) and enhanced the Monte Carlo and historical analyses to compute the essential spending success rate in addition to overall success rate
- Implemented a new page that shows side-by-side comparison of analysis results from all three scenarios (my note: the tool allows you to set up three different, complete scenarios in your planning)
Pralana Gold update
Pralana Gold update
A new version of Pralana Gold is out. They continue to add some impressive features. If you've been considering it, here are the updates, from the announcement. (P.S. - I don't get a commission!)