What happens with each new year?

When you start the model you set your current age.
1. With each year, the app will automatically detect changes of a new year and will update the entire model. For example, you initially start the model in the year 2024 and are age 30. Once the new year occurs and you start the app it will set the current year to 2025 and your age to 31 and any other setting that requires the advance of a new year.
2. For Events, it will erase any that started in the previous year.
3. The current income, expenses, assets, and debt should be re-checked and updated as needed.