From reading Bill Hines' book and browsing the Pralana Online manual, it seems there is a lot of information to enter that is not just account types and values. There are names, birthdays, children, asset allocations and return projections, phases of expenses, the presence of real estate, settings for how to fund college expenses, and the like.I am not sure what you are concerned about - all of the account numbers will change, your PIA's will change, you may have more or less accounts, etc.
I tried asking the question there. My post appeared as something akin to "awaiting moderation" and then disappeared a few minutes later.
I know my numbers will be different after a few years, but it's rather unlikely that the broad strokes will be all that different. That is to say, if I am 20 years from retirement, it is unlikely that in 2 years I will suddenly be 3 years from retirement. I don't necessarily need to know every year whether I am "on track." It seems the sort of thing that might be good to check up on every few years.
We have only used the spreadsheet version so far (past 6 years) and the numbers are always different. Once you know the program it does not take too long to enter the data.
I imagine (but am not sure) that prior year Pralana Gold updates allowed you to transition a lot of this information so most of the updates are just account values. If not, I'm not sure I would have personally updated Pralana Gold every year. One of the big advantages to the current online model, as I see it, is in keeping a lot of this information intact so the manual updates of information are kept to a minimum.
Statistics: Posted by withrye — Mon Nov 11, 2024 5:17 am