Pralana 2024 Gold Has Been Released
The 2024 version of Pralana Gold (Excel-based) has now been released and here is a list of the most significant changes from 2023 Gold:
- Uses 2024 tax and IRMAA tables.
- Roth conversion optimization now finds the optimum marginal tax bracket for each and every year.
- Roth conversions are now optimized based on effective savings (tax-deferred account balances de-rated due to future tax liabilities) rather than absolute savings.
- A new field was added on the Run Analysis page to display the starting year of the worst historical sequence after running an historical analysis.
- To provide more actionable outputs, Monte Carlo and Historical analyses were enhanced to calculate and display the average variable spending for the next 5 years on the Run Analysis page (in lieu of the essential spending success table).
- The Analysis > Scenario Comparisons page was modified to show variable spending for the next 5 years rather than essential spending success rates.
Pralana Online is On Track for a Late-March Release
Work continues on Pralana Online and I think we are on track for a release in late March. It will do virtually everything Pralana Gold 2024 does and more, and with a more friendly user interface. Enhancements will be made regularly and will be transparent (no longer need to download and then import your data).
Pricing
Pralana pricing has been held constant for many years and well below our primary competitors, but Pralana Online will be priced closer to the competition.
Pralana Online will be offered as an annual subscription at two pricing levels: Platinum for individuals and Platinum Pro for advisors with up to 25 clients (we’ll address higher client loads when appropriate).
A Platinum subscription will be $119 for the first year and then $89 for annual renewals, but discounts will be available for folks with an active license for PRC2023 or PRC2024 Gold. The first-year cost for users going directly from PRC2023 Gold to Platinum will be $89 and, for a limited time, the first-year cost for users going from PRC2024 Gold to Platinum will be just $40. Subsequent renewals will be $89.
A Platinum Pro subscription will be $399 for the first year and then $349 for annual renewals, but discounts will be available for folks with an active license for PRC2023 or PRC2024 Gold. The first-year cost for users going directly from PRC2023 Gold to Platinum Pro will be $349 and, for a limited time, the first-year cost for users going from PRC2024 Gold to Platinum will be just $310. Subsequent renewals will be $349.
Folks who made a full-price purchase of PRC2023 after October 1 get a free upgrade to PRC2024, so their total cost of getting to a Platinum subscription is just $139 ($99 for PRC2023 + $0 for the PRC2024 upgrade + $40 for the Platinum upgrade).
Thanks for reading and please stay tuned for future updates.
Stuart Matthews
