Annual pass question--good for exactly 365 days?

I currently have the Platinum+ pass because of last year's DVC promotion. I need to renew now but really don't need the Platinum+ pass. Will I be able to renew this pass to a Gold pass and get the 15% renewal savings?
At renewal time, you can upgrade/downgrade to any level of annual pass you are entitled to and keep the renewal savings.
 
What's the window to renew your AP and get the renewal savings? Can you do it up until the last day of the current AP?
 
Just note, the expire date will be the same date as your current AP +1 year, regardless if you buy 60 days early or 30 days late.
 
















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