Be very thoughtful before you do this deal. When you do a trade, split the transaction in two parts. It's easy to just look at the out of pocket cost and take the bait.
#1 What is the cost of the new bike? As some have said, a 2014 is now a one year old model (even if new). Earlier posts on this thread indicate that you should get the bike for below MSRP.
#2. What are they giving you for your existing bike on the trade? This is where they get you, as they have to resell it at a profit (of course).
Example:
#1. 2014 CVO RK Cost: $29k
#2. CVO Softail trade in: 19,500
Out of pocket cost: $9,500
In my opinion you're paying too much as you are paying close to full price on the 2014 and taking a haircut on the 2011 if it is in pristine shape with low mileage.
Key point: trades can be tricky if you don't pull apart the transaction
ANOTHER KEY POINT: as many have said, you must ride a RK before changing bikes, especially if you are older and concerns about the bikes weight and maneuverability. As I posted earlier, I have both bikes. I love them both, BUT the RK feels much bigger and heavier. The Softail is easier to move around. I'm 54 and very physically fit, and I feel the difference.
JMO - take your time with this. You've absorbed the biggest hit of the depreciation on the 2011, and you can always find a 2014 RK at a lower cost than today if you wait a bit due to up front depreciation on a new model.
Good luck.