Release Notes

Release Notes

A summary of all the cool features and improvements our team has been hard at work on.

January 2023

Updated our RMD calculations to reflect the new SECURE 2.0 act rules that increased the start of RMDs to ages 73 or 75, depending on when you were born.

View the complete Release Notes specific to the API product here

December 2022

A brand new Scenario Comparisons tool is live that allows you to not only compare the optimistic, average, and pessimistic projections of one scenario but compare up to 3 different scenarios.

View the complete Release Notes specific to the API product here

November 2022

Shipped a new Scenarios page to make it easier to manage scenarios, make new ones, and designate any scenario as your baseline.

We now store account balances so that, in the future, we can produce historical account balance charts.

View the complete Release Notes specific to the API product here

October 2022

Launched a learning management system so that members can easily attend all of their financial literacy classes.

Increased the maximum number of scenarios per plan to 10.

View the complete Release Notes specific to the API product here

September 2022

New First-Time User Experience (FTUE) that offers instant value to new members as soon as they finish onboarding.

Introduced a Social Security Summary in My Plan that gives bite-sized insights into your Social Security benefits, including your estimated monthly benefit, survivor benefit, and total benefit across your lifetime.

View the complete Release Notes specific to the API product here

August 2022

Refreshed the onboarding experience for new members.

Upgraded our account linking product with Plaid so that accounts update daily.

Redesigned login, signup, and newsletter pages.

Released a new standalone annuity calc that will also be part of our API product.

Added Digital Coach Suggestions to let members know if they have expenses, disbursements, or Roth conversions that lack sufficient funding.

The Roth Conversion Explorer no longer recommends 1st-year conversions.

Several modeling changes to improve data accuracy, including changing the default account turnover rate for new investment accounts to 0% and changing the growth rate of the default account to 0% so that it acts as cash.

View the complete Release Notes specific to the API product here

July 2022

Released a current-year Roth conversion widget that will also be part of our API product.

Gave the Overview page a facelift.

View the complete Release Notes specific to the API product here

June 2022

Shipped a toggle to see the effects of the Tax Cuts and Jobs Act of 2017 (TCJA) sunset that is slated for the end of 2025.

Tuned up the Roth Conversion Explorer algorithm to recommend more realistic conversion strategies while maintaining performance.

Changed the tax treatment of the default account to be taxed as ordinary income instead of at long-term capital gains rates.

View the complete Release Notes specific to the API product here

May 2022

Several quality-of-life improvements, such as clarifying to whom tax-advantaged accounts belong, making it harder to enter nonsensical dates, and showing a mortgage payoff date that reflects all payments (including lump-sum transfers) in the milestones report.

View the complete Release Notes specific to the API product here

April 2022

Complete overhaul of the income-linked contribution UX

Rebuilt the Roth Conversion Explorer algorithm to produce better optimizations using half as many lines of code. It now runs twice as fast and has a “quick check” side functionality that can very quickly decide if any sort of optimization is possible.

Improved account linking capabilities by supporting Plaid’s Account Select v2

View the complete Release Notes specific to the API product here

March 2022

Upgraded the customer journey and coach suggestions via new displays on the dashboard, a new “Your Progress” page, and added filters (and a modified UI) to the suggestions page

Added and improved white-label features on the core planner app for our enterprise partners

Modified several tax-related assumptions applying to social security and RMDs

Bug fixes: windfalls and one-time expenses after primary longevity age date are now properly modeled, several charting display issues are improved, and a minor corner case with future relocations is no longer happening

Added TCJA modeling capability to the API product

View the complete Release Notes specific to the API product here

February 2022

Extended retirement age variable to be used across all relevant payment streams

Shipped a new plan progress section to more easily see and navigate to plan completion items

View the complete Release Notes specific to the API product here

January 2022

Planner users can now link savings contributions to income streams, making their plan more accurate and easier to maintain

Planner users also have the option to add employer matching savings streams alongside their income-linked contributions

Upgraded our simple retirement calculator mini-tool so that enterprise and content partners are now able to easily embed the tool into articles, blog posts, and other websites

View the complete Release Notes specific to the API product here

December 2021

Launched the new Classroom offering

Various bug fixes including improvements to our net worth calculation, social security benefits logic, and optimizers

November 2021

Launched a new feature enabling retirement age to be a variable input that can be utilized to update multiple payment streams at once

Launched in Planner app the ability to change an account’s rate of return over time (for example, reduce the risk/return profile of an account once a user reaches retirement)

October 2021

Enhanced accounts to allow changing rates of return over time in our API product, with month-year granularity

Enhanced income-linked user contributions in our API product to allow for annual % or $ increases to contribution amount

September 2021

Added the ability to exclude specific accounts from the standard withdrawal order.

Added the ability to update key info in multiple accounts in one screen.

Upgraded our age/date pickers in key places (full roll-out across the planner coming next month).

Updated our tax treatment for deductible disbursements.

Added a spending power metric to supplement our API analytics product offering for enterprise clients.

August 2021

Launched a brand-new UIUX for My Plan – big changes, take a look if you haven’t yet! The new design is a beautiful, modern, mobile-friendly app that makes it simpler to find and input data and much easier to view the forecasted results and impact of changes to your plan.

Launched an enterprise-facing API toolkit that allows any organization to build best-in-breed financial planning and forecasting tools. Contact us to learn more.

Built a number of powerful features into the API which will be included in the consumer-facing app over the next few weeks. These include income-linked contributions with optional employer-matched contributions, varied account returns over time, variable start times on pension and annuity COLAs, and more.

Updated payments infrastructure to utilize Stripe.

June 2021

Improved the free Retirement Calculator

Enhanced the Monte Carlo calculation to more accurately capture the range of plan outcomes

Multiple back-end enhancements in anticipation of upcoming app improvements

April 2021

Launched a partnership with Marketwatch with a dedicated site for MW users

Added the option to review your ‘average’ plan assumptions in addition to optimistic and pessimistic

New Insights Library to highlight the various graphs, charts, and explorers available

Improved our Monte Carlo modeling and data visualization, and applied Monte Carlo analysis to optimistic and pessimistic assumptions (in addition to average assumptions, which was already happening)

February 2021

Multi-year scheduled withdrawals now available

Social security claiming is now done by month (previously, it was limited to a given year)

Updated lifetime income projection chart with net savings drawdowns

January 2021

New Coach page

Expanded access to the Beta Roth Conversion Explorer

Bug fixes for capital gains/estimated tax reporting and a few other small items

December 2020

Customizable labels across multiple accounts, expenses, and other items

Updated Onboarding flow for new users

November 2020

Beta Release of new Roth Conversion Explorer

Added new Communities and Live Events sections 

October 2020

Launched new retirement calculator

Updated new dashboard design

September 2020

Launched new dashboard beta

Centralized accounts such that balances and other permanent data fields stay in sync across scenarios

Updated the blog in a few places, including new hub pages and more

August 2020

HSA / 529 Account support added along with related tax forecasting improvements.

Services API architecture updated and moved to Rails – 30% faster, more maintainable and scale-able.

Better instrumentation across our customer life cycle.

Fixes & improvements across Financial Projections, Account Linking and Monte Carlo.

Initial help section with “how to” articles & videos. (see the magnifying glass in the Planner header)

July 2020

Monte Carlo (Beta) – 1,000 simulations – running on AWS Lambda so we can scale this

Social Security – automatically adjust benefit based on claiming date

We started making Product Tours – still in progress and we’re adding videos

June 2020

Account Aggregation – you can now link your accounts so that your plan will be kept up to date.

  • Assets (Bank, Brokerage, 401K, etc) and
  • Debts (Mortgage, Credit Cards, etc)

May 2020

PlannerPlus Live – aka dedicated coaching support for your Plan

April 2020

Google Authentication for Login (including underlying data/authentication model)

Migrated to modern WordPress & updated theme.

Site speed improvements

Improved one time financial event handling for RMDs (Required Minimum Distributions) and Charting

March 2020

Completed porting the entire Planner to React.

Improved tax modeling for one time taxable events.

Tax modeling improvements – cap gains, investment income, inherited IRAs, state tax tuning.

Implemented state specific income tax rules.

RMD modeling updated for spouses > 10 years younger.

Add Federal tax only for pensions & annuities.

Add FICA and Medicare/SDI tax modeling.

February 2020

Optimize Withdrawals 1.0 – new disbursement controls for Inherited IRAs, charitable giving, etc,

Improve home equity modeling

Improve navigation

January 2020

Withdrawals 1.0

Allow users to specify tax treatment on investment accounts

Cloud migration – all on AWS (Amazon Web Services)