Pralana vs Boldin: How Two Popular Retirement Planning Tools Compare

I've been using Pralana Online over the past month. It's a retirement planning tool that, for a long time, was available as a spreadsheet. It's now available as an online app.

In this video, I take a high-level look at Pralana and compare it to Boldin, formerly New Retirement.

Pralana: https://go.robberger.com/pralana/yt-pralana-vs-boldin
Boldin: https://go.robberger.com/new-retirement/yt-pralana-vs-boldin

0:00 - Intro
0:34 - Difference in layout
3:09 - Pralana User Manual
7:58 - Accounts & Assets
9:32 - Simple Portfolio
11:27 - Advanced Portfolio
18:05 - Portfolio Allocation Mode 2
21:00 - Withdrawal Priority
21:50 - Inherited IRA
22:46 - Effective Tax Rate
24:24 - Tabular Projections/Tax Forms
26:10 - Monte Carlo Analysis
27:39 - Spending Strategies/Roth Conversions
38:26 - Optimize Social Security
40:26 - Optimize Withdrawal Priorities
42:05 - Earliest Safe Retirement Analysis
42:52 - Recap

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*Financial tools I use:*

*I track all of my investments, performance, fees, and asset allocation with Empower. It's Free:*
https://robberger.com/empower

*My retirement plan comes from New Retirement, the most robust retirement planner available at a reasonable cost:*
https://robberger.com/new-retirement

*I used Capitalize for my last 401(k) rollover. They did all of the work, and it's Free:*
https://robberger.com/capitalize

*My budgeting tool of choice is Tiller. It downloads all your banking data to Excel or Google Sheets:*
https://robberger.com/tiller

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#pralana #boldin #robberger

ABOUT ME

While still working as a trial attorney in the securities field, I started writing about personal finance and investing In 2007. In 2013 I started the Doughroller Money Podcast, which has been downloaded millions of times. I've since sold my websites, bought them back, and started a new website and this YouTube channel.

I'm also the author of Retire Before Mom and Dad--The Simple Numbers Behind a Lifetime of Financial Freedom (https://amzn.to/3by10EE)

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DISCLAIMER: I am not a financial adviser. These videos are for educational purposes only. Investing of any kind involves risk. Your investment and other financial decisions are solely your responsibility. It is imperative that you conduct your own research and seek professional advice as necessary. I am merely sharing my opinions.

AFFILIATE DISCLOSURE: Some of the links on this channel are affiliate links, meaning at no cost to you I earn a commission if you click through and make a purchase and/or subscribe. However, I only recommend products or services that (1) I believe in and (2) would recommend to my own mom.