PRC2016/Gold is now available and represents a significant advance over PRC2015/Gold! Immediately below are screenshots of three of the screens that we’re particularly excited about, but there’s much more that’s highlighted further down the page.
Improved: Side-by-side presentation of fixed rate, Monte Carlo and historical analysis results of each of your scenarios:
NEW: Side-by-side presentation of the analysis of variable withdrawal strategies:
NEW: Exploration of the sensitivity of your plan to changes in key parameters:
The change log accessible from the User Support page of this website identifies all of the changes made since PRC2015, but here’s a summary of PRC2016’s capabilities:
Web-like navigation between functionally-coherent pages (Excel’s sheet tabs are hidden)
Complete user control over basic assumptions, such as life expectancy for both partners, general and healthcare inflation, tax increases and Social Security benefit decreases
High fidelity income stream definition
High fidelity expense stream definition
ENHANCED: Four categories of savings (cash, regular, tax-deferred an Roth) with user-controlled prioritization of withdrawals between the latter three categories and a user-specified floor on cash savings
MUCH IMPROVED: Rollovers from tax-deferred accounts to Roth accounts
Detailed tax calculations performed using 2016 tax tables, with modeling of capital gains taxes on taxable savings accounts and the sale of property
Scenario analysis performed with three different methods to establish a range of likely long term outcomes (fixed rate, Monte Carlo simulation and historical simulation)
NEW: Scenario analysis using variable withdrawal strategies, including fixed percentage spending, fixed percentage spending with a specified floor and ceiling, Guyton-Klinger rules, constant spending and target percentage adjustment
NEW: Interactive exploration of the sensitivity of your plan to changes in key parameters
ENHANCED: Consumption smoothing, now optionally using Monte Carlo and historical analysis methods in addition to fixed rate analysis
Personal (new) and investment loan modeling
Two customizable tabular projection pages and one custom graphical projection page (new)
Imports data from PRC2015 and PRC2016, and supports data-sharing between multiple licensed copies
PR1015/Gold licensees can upgrade to PRC2016 for $29 after logging in on the PRC2015 User Support page.
PRC2016/Gold can be purchased by non-PRC2015 licensees for $99.
A detailed user manual is available for free download on the User Support page.
Same-day support via e-mail is included in the purchase price and PRC’s Export capability makes it possible for you to easily share data with Pralana Consulting
PRC2016 license entitles owners to download a copy to two computers (for example, your desktop and your laptop), to all product updates made available in 2016 and the opportunity to upgrade to PRC2017 at a fraction of the cost of a new purchase.
Pralana Consulting LLC, Plano, TX
© 2015 Pralana Consulting. All Rights Reserved.
PRALANA CONSULTING LLC