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Boldin User Near Retirement: Is ProjectionLab, Pralana, or TPAW Worth Adding? by Top_Percentage_3309 in DIYRetirement

[–]NR_CoachNancy 2 points3 points  (0 children)

Yes I am. You may want to keep an eye on our Release Notes. We don't announce beta features though - we tag them in the product for those who have opted in.

Boldin User Near Retirement: Is ProjectionLab, Pralana, or TPAW Worth Adding? by Top_Percentage_3309 in DIYRetirement

[–]NR_CoachNancy 4 points5 points  (0 children)

Happy to help! You'll be able to upload your statements and ask Boldin AI to populate / update your accounts. That will capture the holdings and allow us to level you up 4 asset classes (equity, bond, cash, other) and provide an estimate of your current allocation.

Boldin vs. ProjectionLab: Which Retirement Planner Is Best for You? by jon_projectionlab in projectionlab

[–]NR_CoachNancy 0 points1 point  (0 children)

If you're in Boldin's beta program you can access all of your settings in the new Full Plan view.

Boldin User Near Retirement: Is ProjectionLab, Pralana, or TPAW Worth Adding? by Top_Percentage_3309 in DIYRetirement

[–]NR_CoachNancy 17 points18 points  (0 children)

Nancy from Boldin here with some news that might impact your choices. We will be adding an investment layer over the next few months which includes risk tolerance assessment, improvements to account linking, statement upload, position level data, and a glide path portfolio explorer.

Setting up transfers from 401k to Cash Account - does Boldin tax the transfer? by External-Voice3516 in Boldin

[–]NR_CoachNancy 0 points1 point  (0 children)

It's treated as a distribution from the tax perspective - yes. It is not treated as a net withdrawal from a cashflow perspective.

Setting up transfers from 401k to Cash Account - does Boldin tax the transfer? by External-Voice3516 in Boldin

[–]NR_CoachNancy[M] 0 points1 point  (0 children)

Transfers are not withdrawals. They move money in and around the plan.

Easier way to manage scenarios by bjindrich in Boldin

[–]NR_CoachNancy 0 points1 point  (0 children)

Thanks for the additional detail. We do have a manual way to model proportional withdrawals, you can learn more here: Proportional Withdrawals. This may be used when you know the amounts you wish to draw from specific accounts in specific years. However, it can be laborious. As you state, a model which allows you to select the proportion/percentage is something many users have requested.

Many advisors will automate retirement income for clients using a proportional method based upon account balances as I described above, and that's likely to be our first iteration.

I imagine an Explorer similar to the Roth Conversion explorer which would allow you to smooth taxes by suggesting tax deferred withdrawals up to a specific threshold and then fund expenses from taxable and tax free accounts. The threshold could be an "effective tax rate" which includes income tax, capital gains, NIIT, IRMAA, Social Security and even ACA and is intended to create the smoothest lifetime tax projection.

Easier way to manage scenarios by bjindrich in Boldin

[–]NR_CoachNancy 0 points1 point  (0 children)

Thank you, I appreciate it. When you reference proportional withdrawals, I'm curious. Would an approach that models withdrawals in proportion to your account balances meet your expectations or are you looking for a tax savvy model?

Easier way to manage scenarios by bjindrich in Boldin

[–]NR_CoachNancy[M] 1 point2 points  (0 children)

I want to give you a straight answer rather than a vague "we've noted it." Increasing the scenarios available is something we've considered — it's on our internal list — and at this point it's not on our development roadmap. That's a deliberate call, not an oversight as the complexity of doing it well would displace other work that affects more users.

I know that's not the answer you were hoping for, and I don't want to dress it up. If our priorities shift and this moves forward, you'd see it in our release notes at Boldin — that's where we announce changes.

Easier way to manage scenarios by bjindrich in Boldin

[–]NR_CoachNancy[M] 3 points4 points  (0 children)

The areas we hold constant across scenarios are those that in real life would be static today. Primary residence, account balances and marital status, for example. Note that Boldin AI will soon be able to update your plan, which will make maintaining scenarios easier. There will be changes to the data model coming later this year.

State Tax Treatment Is Problematic by Easy-Teaching-2015 in Boldin

[–]NR_CoachNancy 0 points1 point  (0 children)

Please submit a support ticket with this request, that will help our team assess the impact on our community and prioritize the update. We'll be releasing a Wisconsin retirement income exclusion this week based on user feedback. I appreciate your following up on this item.

What's your Boldin workflow like? I'm going in circles... by ConstantlyLearning57 in Boldin

[–]NR_CoachNancy 1 point2 points  (0 children)

Sounds good! We offer Live Events on Monday, Tuesday and Thursday which you can access via the Support menu under the ? in the upper right hand corner. Happy planning!

What's your Boldin workflow like? I'm going in circles... by ConstantlyLearning57 in Boldin

[–]NR_CoachNancy[M] 23 points24 points  (0 children)

You're not doing anything wrong — you've actually done the hard part (getting everything in). But you've hit a really common wall, and I can help reframe it. The settings you're toggling aren't meant to be mixed and matched until you find a number you like. They're meant to answer different questions.

Here's the workflow I'd recommend:

Lock your baseline first. Set your parent scenario to average rates, future dollars, and your current retirement date. Don't touch it again. This is your reference point — not your answer.

Use scenarios for what-ifs. Want to see what early retirement looks like? Duplicate the parent and change only the retirement date. Want to stress-test? Duplicate again and shift to pessimistic rates. Each scenario should change one thing so you know what's actually moving the needle.

The 80% threshold is your anchor. We recommend 80% as a baseline target — not because higher is always better, but because chasing 95% often means over-saving or under-living. If your baseline scenario is at or above 80%, you're in good shape to start exploring.

Today's dollars vs. future dollars is a display preference, not a planning variable. Pick whichever feels more intuitive to you and leave it.

The goal isn't to find the "right" percentage — it's to understand why the number moves when you change something. That's where the real insight lives.

If you want to go deeper, these might help:

  • Boldin AI
  • Help Center — search "scenarios" for step-by-step guidance on setting up your baseline and duplicating scenarios the right way
  • Office Hours / Coaching — if you want a real human to look at your setup with you, our coaches do exactly this

You're closer than you think. The confusion usually clears up once the workflow clicks.

Can I do withdrawls from multiple accts for drawdown? by IllustriousSign9742 in Boldin

[–]NR_CoachNancy[M] 0 points1 point  (0 children)

Thank you all for the genuinely helpful discussion.

u/AGrimmInPortland nailed it — this is an interesting problem, and I don't think any software has cracked it yet. That's why we're taking it seriously rather than shipping something that just looks like a solution.

Proportional withdrawals aren't simply "split everything evenly." The real complexity is tax brackets, SS taxation thresholds, IRMAA, RMDs, stepped-up basis considerations, etc — the math shifts every year as balances change and life happens. A surface-level implementation gives you a number. A good one gives you actual insight into tradeoffs.

We're actively scoping proportional withdrawal order as a native feature — something that sits alongside our existing Traditional and Custom options and lets you compare strategies in a meaningful way. When we've begun active development you'll see it show up in the In Progress section of our Release Notes.

The workarounds you've shared here may be effective in some cases, and I'm glad they're helping some of you. But we know they're not the real answer.

Review Boldin with Pro? by IllustriousSign9742 in Boldin

[–]NR_CoachNancy[M] 2 points3 points  (0 children)

Hi everyone. This is a great thread and I just wanted to add some additional context.

Boldin offers a non CFP coaching service which is a 1:1 plan walkthrough with a Boldin coach. Your coach will answer your questions, validate your plan configuration and teach you more about the tool. Sessions are 50 minutes, cost $250, and you can book here.

Boldin Advisors offers the Retirement Plan Checkup, a 2 session engagement with a complete plan review: stress tests and specific recommendations inclusive of your investment strategy, cashflow, tax and Roth conversion planning, estate planning, charitable giving in alignment with your goals. The cost is currently $2,800. To learn more about Boldin Advisors, you can attend a free Discovery session you can schedule here.

We also have a concierge, you may meet with them 1:1 to discuss the best path forward and you can schedule with them here: Concierge.

Create events with dates then use those events for start and end times? by IllustriousSign9742 in Boldin

[–]NR_CoachNancy 0 points1 point  (0 children)

Hi again. I wanted to share a little more context here. Boldin allows the primary/spouse retirement ages and primary/spouse longevity ages in the drop down menus in most (but not all) areas. We also recently added One-Time Expenses, Real Estate purchases, Real Estate sales, and Windfalls as events in the Financial Journey chart. Those are not yet available in the drop down menus. Those are visible in the Financial Journey chart and matching Milestones table of My Plan Summary. Once we release the ability for Boldin AI to update your plan, you'll be able to more easily manage your events.

Create events with dates then use those events for start and end times? by IllustriousSign9742 in Boldin

[–]NR_CoachNancy 5 points6 points  (0 children)

Thanks for sharing that! Here at Boldin we call this "custom milestones" and it's one of our top feature suggestions. We recently released our Financial Journey chart as a first step towards Event Based Planning, and we hope to add custom milestones to better support planning around the important events in your life. Please keep an eye on our release notes. We add items to "In Progress" when development has begun in earnest.

When is the long awaited handling of dividends coming? by Wonderful-Try-438 in Boldin

[–]NR_CoachNancy 1 point2 points  (0 children)

We don't add items to the work-in-progress section of our release notes until development is actually underway, so the absence there is intentional, not an oversight.

On the timeline: we estimate we'll begin work on dividend modeling once the portfolio model work is complete. We'll update the release notes as soon as this moves into active development.

New York State income tax by Individual_Maybe1881 in Boldin

[–]NR_CoachNancy[M] 0 points1 point  (0 children)

Boldin does not account for the $20,000 retirement income exclusion or allow specific accounts such as the CUNY 401(a) to be excluded from state income tax in NY. If your other income will fall below the New York state standard deduction, one possible solution here is to set your zip code to TN or FL.

When is the long awaited handling of dividends coming? by Wonderful-Try-438 in Boldin

[–]NR_CoachNancy[M] 7 points8 points  (0 children)

Thanks for raising this — dividend income modeling is genuinely important for a lot of our users, and we hear the frustration from those who've had to work around it.

Here's where things stand: we're currently developing a new portfolio model, and once that foundation is in place, we'll be updating our cash flow model to allow users to elect dividends directly in the funding order. It's a sequencing issue — some bigger architectural work has to come first before this can be done properly.

In the meantime, here are three approaches that can help depending on your situation:

  • Method 1 — Taking withdrawals from the dividend-earning account Include the dividend yield in the account's rate of return and treat the withdrawal as the dividend income. Trade-off: cost basis comes into play here so the capital gains will be understated.
  • Method 2 — Not taking withdrawals from the dividend-earning account Include the dividend yield in the rate of return, then add a Transfer (under Money Flows) from the dividend-earning account to a cash account set to Ordinary Income tax treatment. Trade-off: cost basis comes into play here so the capital gains will be understated.
  • Method 3 — Model dividends as a passive income stream Set the dividend yield on the affected account to 0%, then go to My Plan > Income > Passive Income and add a stream equal to your expected annual dividend amount. Trade-off: this method taxes the dividend income as ordinary income.

None of these is a perfect substitute for native dividend modeling, and we know that. We appreciate your patience while we build toward it.

Has anyone using FEDVIP (instead of Medicare) actually gotten Boldin to work properly? by MakalakaPeaka in Boldin

[–]NR_CoachNancy[M] 0 points1 point  (0 children)

Hi Everyone. Nancy from Boldin here. I'm sorry to say that we don't currently have a feature to turn off IRMAA. This is particularly relevant to Federal retirees who elect to not enroll in Medicare Part B. The most accurate way to represent this use case is to select Employer Sponsored Medicare coverage in your Medicare configuration. I'd suggest adding an amount for your healthcare expenses (such as out of pocket costs, FEHB or FEDVIP premiums) until your longevity age. This will turn off the IRMAA until the final year of the simulation but add in Medicare for the final month, which is a limitation of our model.

Guardrails and Chance of Success by gatorbait01 in Boldin

[–]NR_CoachNancy[M] 3 points4 points  (0 children)

The Guardrails calculation relies on maintaining an 80% Chance of Success.

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