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Old 06-18-2020, 08:45 AM   #21
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Thankyou Target,

I too have the Desktop version of Turbotax 2019(Got done & filed), I will look into that if that suffices my needs.

I downloaded the Free Bronze Pralana, but as I said I do not have Excel yet.
I will look into that in detail in a day or so & try to make some sense if I will be comfortable with it.

There are books & videos I could see on how to learn Excel. I am no spring Chicken, if it means I will have to go back to college & apply this rusted & retired brain to work the excel & Pralana Gold, I will have to think more about it.

There have to be other work arounds or some other softwares which could do the same for me. I cannot imagine all users of Pralana Gold will have to be/are proficient in Excel, there have to be some dumb folks like us.

It could be possible that excel is not that hard as I am making it to be (unknown devil) if so many people are using it, maybe I can buy & take a shot at it & see.

Too many decisions.......
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Old 06-18-2020, 09:02 AM   #22
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rkser,
I don't think you will have to learn Excel since the PGold thing runs like an app. You won't have to enter formulas or anything like that. But you will need to make some security setting changes in MS Office to allow the macros to run.

You'll have much more fun with TurboTax in my opinion. Open program > Switch to Forms (upper right) > Open Form > What-If Worksheet.

Maybe start a new topic for this?
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Old 06-18-2020, 09:47 AM   #23
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rkser,


I've been using Pralana Gold for several months now, and have found it a very powerful tool for retirement planning.


To answer your first question, to use it (or the Bronze version) you must have MS Excel for either Windows or Mac; no workarounds to this as far as I can tell.


Your other concern about complexity isn't an issue vis a vis Excel itself - Pralana allows you to view the spreadsheet much like an app, hiding most of Excels normal menu functions in a very streamlined interface.

However, Pralana Gold's power comes with a significant amount of input parameters which will take some time to go through and set up to get accurate results. IMHO, I would not start off with Pralana Gold as your first planner until you explore your situation with the other tools mentioned in this thread first. This will allow you to become more familiar with your situation and assess whether you need the more complex modeling capabilities Gold has.



As I started planning out my retirement I worked extensively with Fidelity's RIP, New Retirement, ORP, Flexible Retirement Planner and Firecalc tools. After getting roughly equivalent results with them, I purchased Gold because I wanted more fidelity on modeling our rental properties future costs, income and tax consequences (depreciation, etc.), something no other tool offered.



Hope this helps.
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Old 06-18-2020, 11:36 AM   #24
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Thanks Shenbew for your input,
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Old 07-08-2020, 05:38 PM   #25
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Planners I regularly use are:

Quicken's Lifetime Planner
OnTrajectory
Fidelity Retirement Planner
FireCalc

I had limited use of RightCapital and was very impressed
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Old 07-08-2020, 09:29 PM   #26
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Old 07-09-2020, 06:40 AM   #27
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Does anyone have recommendations for software that is relevant for Canadians? Also, our situation is fairly complicated since we have substantial US portfolios, employer pension plans and US social security entitles (from our years working in the US) as well as Canadian equivalents.

Googling software options turns up RetireWare but the buzz around this product is from a few years ago and the blog posts are a few years old.
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Old 07-09-2020, 10:11 AM   #28
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Quote:
Originally Posted by Coco View Post
Planners I regularly use are:

Quicken's Lifetime Planner
OnTrajectory
Fidelity Retirement Planner
FireCalc

I had limited use of RightCapital and was very impressed
I've used all of the above cept RC in addition I use Pralana Gold and have been very impressed with it.

Track your expenses to a "T" and use several planners to verify results.
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Old 11-02-2020, 06:41 PM   #29
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Quote:
Originally Posted by Coco View Post
Planners I regularly use are:

Quicken's Lifetime Planner
OnTrajectory
Fidelity Retirement Planner
FireCalc

I had limited use of RightCapital and was very impressed
Just getting into my retirement planning and have been testing OnTrajectory, Fidelity Retirement, FireCalc, c Fire Sim, i-ORP, NewRetirement, and a free version of MoneyGuide Pro in TD Ameritrade's site. Was going to try Pralana but I don't have a subscription to Office so no Excel macros will work for me at the moment. I also wince at the thought of enabling unsigned software and foreign Excel macros on my network but I'm sure its a great tool based on so many positive reviews.

Of all so far I am most impressed by iORP, FireCalc, and OnTrajectory so far.
Curious why more folks aren't talking about OnTrajectory. Seems very advanced to me and not a sales hook like NewRetirement. It has great fidelity for input of data and MonteCarlo modeling with Historic market data plus the ability to create and compare scenarios. Ive only been using for a day but so far Im very impressed. Next on my list to try is MaxiFi.
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Old 11-03-2020, 08:31 AM   #30
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To the best of my knowledge, Darrow Kirkpatrick of "Can I Retire Yet?" has spent more time researching and playing around with these kinds of tools than anyone else in the personal finance space. Being a software engineer he developed some pretty sophisticated tools on his own but ultimately ended up collaborating with the Pralana folks. Here's a link to several years worth of posts some may find helpful:

https://www.caniretireyet.com/category/calculators/
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Old 11-03-2020, 10:10 AM   #31
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Google Sheets.
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Old 11-03-2020, 12:11 PM   #32
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Interesting what can be done with a search engine. There must be a tie between book author and software P*. It's mentioned about 636 times there, but only 47 times on e-r.org.


https://www.google.com/search?q=site...hrome&ie=UTF-8
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