I use the funded ratio advocated by Wade Pfau to have a picture of where I stand. I match reliable income sources with essential liabilities to understand if I have adequate coverage or not. This help me arrives at my equities/bonds mix. I treat SS as a bond for this purpose as well.
I use Pralana to run “what-if” simulations on spending strategies to see how I can fund my lifestyle and realize any charity or legacy goals.
Before I started using the funded ratio, everything was vague with the Net Worth data.
Interesting article and lively discussion here regarding the Boldin approach to Net Worth calculations. After going thru the questions and answers, I got a 99.99% chance of success and not running out of money through out my retirement AND an offer to subscribe to the Boldin detailed net worth calculator for $120/ year. Has anyone here subscribed and did you find it worth while compared to other methods and your own spreadsheets?
What I did was sign up for a monthly trial, performed the calculations, and then, I think, downloaded the data. I then cancelled the subscription. I wanted to “compare” the data to information I obtained the same way from Maxifi Planner. I put compare in quotes as they are really different animals. I have trouble with wrapping my head around the concepts of Maxifi, and at the time I used it at least, with Boldin, I was not able to input inherited IRAs.
I plan in the future to possibly return to the Boldin platform to run my own Monte Carlo if I deem it necessary. At this time I don’t believe there is a need to hire a fee only financial advisor to perform this duty. I’ll probably only run the numbers in the future if there is a significant unexpected threat to our finances.
I have subscribed to Boldin’s online retirement planning software for the past 2 years. My recent renewal cost was $96 and our first year subscription ran $116.00, with tax included.
I find good value in Boldin (formerly called NewRetirement), particularly when comparing their retirement projections to similar reports I generated from pro-grade planning software I use as part of my day job. Boldin’s subscription cost is a fraction of that paid by financial planners for the software they use with investment clients.
Boldin’s HH net worth reports and long-term asset growth projections were within a few percentage points of the pro software at our end-of-plan (RIP) dates. Despite not having as many “what if” calculators as the software used by retirement planners, the Boldin user interphase is very intuitive and easy to navigate, at least for me. The ability to save multiple retirement date scenarios and then compare them side-by-side is a really great feature.
I plan to keep subscribing to Boldin after retirement, when my access to the professional-grade planning tools will end.
I use the funded ratio advocated by Wade Pfau to have a picture of where I stand. I match reliable income sources with essential liabilities to understand if I have adequate coverage or not. This help me arrives at my equities/bonds mix. I treat SS as a bond for this purpose as well.
I use Pralana to run “what-if” simulations on spending strategies to see how I can fund my lifestyle and realize any charity or legacy goals.
Before I started using the funded ratio, everything was vague with the Net Worth data.
Interesting article and lively discussion here regarding the Boldin approach to Net Worth calculations. After going thru the questions and answers, I got a 99.99% chance of success and not running out of money through out my retirement AND an offer to subscribe to the Boldin detailed net worth calculator for $120/ year. Has anyone here subscribed and did you find it worth while compared to other methods and your own spreadsheets?
What I did was sign up for a monthly trial, performed the calculations, and then, I think, downloaded the data. I then cancelled the subscription. I wanted to “compare” the data to information I obtained the same way from Maxifi Planner. I put compare in quotes as they are really different animals. I have trouble with wrapping my head around the concepts of Maxifi, and at the time I used it at least, with Boldin, I was not able to input inherited IRAs.
I plan in the future to possibly return to the Boldin platform to run my own Monte Carlo if I deem it necessary. At this time I don’t believe there is a need to hire a fee only financial advisor to perform this duty. I’ll probably only run the numbers in the future if there is a significant unexpected threat to our finances.
I have subscribed to Boldin’s online retirement planning software for the past 2 years. My recent renewal cost was $96 and our first year subscription ran $116.00, with tax included.
I find good value in Boldin (formerly called NewRetirement), particularly when comparing their retirement projections to similar reports I generated from pro-grade planning software I use as part of my day job. Boldin’s subscription cost is a fraction of that paid by financial planners for the software they use with investment clients.
Boldin’s HH net worth reports and long-term asset growth projections were within a few percentage points of the pro software at our end-of-plan (RIP) dates. Despite not having as many “what if” calculators as the software used by retirement planners, the Boldin user interphase is very intuitive and easy to navigate, at least for me. The ability to save multiple retirement date scenarios and then compare them side-by-side is a really great feature.
I plan to keep subscribing to Boldin after retirement, when my access to the professional-grade planning tools will end.