What are the highlevel steps to update your plan for next year with new numbers for Pralana online?

Questions and Discussion Relative to Pralana Online's "Build" Features

Last Post by ERIC GOLD 11 months ago

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Peter Olmsted

(@portolmy)

Active Member

Joined: 2 years ago

Posts: 7

Topic starter November 30, 2024 3:49 pm

Do we just change the numbers for account balances and new estimates for expenses, etc?
Do we need to change the plan start year under My Family and does that update all Scenarios already built?
- Do we do that I assume right after the first of the new year?

Thanks for any tips , steps and best practices would be appreciated for a newbie

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ERIC GOLD

(@abq-goldgmail-com)

Trusted Member

Joined: 1 year ago

Posts: 42

November 30, 2024 5:23 pm

Posted by: @portolmy

↑

Do we just change the numbers for account balances and new estimates for expenses, etc?

Do we need to change the plan start year under My Family and does that update all Scenarios already built?

Do we do that I assume right after the first of the new year?

Yes to both.

You can either update around Jan 1, or estimate what the balances were or will be on Jan 1 of the new year.

I plan to take a screenshot of my accounts on Jan 1st-ish, and then update Pralana when convenient.

Since I use the 'advance portfolio modeling',I also have to update the allocations. This matters a lot for the fidelity of the projection

This post was modified 11 months ago by ERIC GOLD

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