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The 2012b edition is now available. Avoid imitations. Click here to order.

If you already have the ORC2012a version, use the same user id and password to download the ORC2012b version.

Latest Update Date: January 27, 2012 (improved robustness of scenario retrieve/save)

What is new in the January 2012b Edition?

1. Stress Test has been added to the Income Carpet on page Chart3. You can enter various stress conditions and then observe the income carpet under normal and stress scenarios. There are four areas of the stress tests:

• What if the total required income is larger than planned?

• What if the equity performance of markets going forward is worse than we experienced during the last century?

• What if the inflation going forward turns out to be larger than what we experienced during the last century?

• What if there is a sudden loss of portfolio assets?

2. The Optimization page has been improved, the information from the income carpet has been added to the optimum asset allocation charts:

What is new in the January 2012a Edition?

1. A new page (Chart3) has been added to show the "Income Carpet".  Each "knot" of the carpet shows the level of income received for that year as a percentage of total income required at that age, all in real, inflation-adjusted dollars. Different colors indicate different ranges of percentages as indicated in the legend to the right of the chart." It makes some of the important points easier to visualize, understand and explain.

2. Several minor fixes.

What is new in the August 2011 Edition?

1. "Import Scenarios" is now about 100 times faster. You can import an older scenario file in seconds instead of hours.

2. "Import Scenarios" has now a progress bar that shows the progress and the name of each scenario as it is imported

3. In some situations, when you import scenarios, the equity index for imported scenarios defaulted to "DJIA". This has been fixed.

4. "Save this Scenario as New" and "Resave this Scenario" are combined to a single button.

5. "Retrieve Scenario" button: You can now retrieve any scenario (from past or current versions) from your default folder, or any folder, or any drive, any plugged-in memory stick  or network folder. If a storage medium has a drive letter, then you can retrieve a scenario from that. This is useful when: A) You use your computer in two places (laptop/ office) and save the ScenarioData File on a memory stick and take it with you, B) You or your supervisor want to access a scenario on the network, C) You want to import and save a single scenario from an older version. And many more uses.

6. A new unlocked, blank spreadsheet has been added. There, you can enter your own tables, charts etc. and link them to data found elsewhere on the program in other sheets.

7. A date/time stamp indicating the last "save" has been added to each scenario. This is displayed on the list when retrieving a scenario. It is also displayed on the "Main page" for the current scenario.

8. When you click on the "Exit" button, a warning message gives you one last chance to save the current scenario before quitting. Ditto for "Delete this Scenario" button. This will reduce the incidence of accidental exits.

9. The pull-down menu on the top of the Excel ribbon (Add-in commands/Retirement) have been removed because of compatibility issues with Excel 2007. It created error messages on some computers. Use the buttons on the Main page.

10. The scaling incompatibility on the horizontal (age) scale on the Chart1 page has been fixed. What you see on the screen is exactly what gets printed, regardless of what page view scale you use.

What is new in the July 2011 Edition:

1. Smart buttons on the Main page give answer for BOTH gray and green zone results.

2. The zones are now indicated on the Risk Profile and Chart 1 pages:

3. The life insurance calculation page is made clearer.

4. Now you can open the calculator in simple or in comprehensive mode. 

5. Several other enhancements

What is new in the February 2011 Edition:

1. Tolerable Asset Mix on the Optimize page: Now it is placed on the bottom of the page and it is printable.

2. A few users reported printing issues (one page overflowing to two pages). That has been fixed.

3. An error in mortgage calculations that appeared in ORC2011 (Excel 2007) has been fixed.

4. A new button has been added to portfolio management page. Enter everything you usually prefer (which index, rebalancing, asset allocation strategy and everything else on that page) then click on this button to save it as default. After that, all new scenarios will open with these defaults.

5. A new button for the same functionality as item #4 but for the annuity page.

6. A new column has been added that indicates the withdrawal rate from the portfolio  on the Chart1 page.

7. The calculations for the stop-loss (life annuity and "sell home, move to rental") have been improved.

New Features for the January 2011 Edition:

1. Itemized retirement expenses pages:

2. A new Fixed Indexed Annuity page: Now, you can aftcast Fixed Indexed Annuities starting in year 1900:

3. Luck-adaptive SPIA purchase: ORC automatically calculates to buy a life annuity when risk of ruin becomes significant.

4. Now you can enter primary and secondary persons:

And many more enhancements.