Our mission in 2024 was to empower you to confidently take control of your financial future and make bold choices that align with the life you really want to live. To achieve this, we focus on providing financial planning software that seamlessly adapts to our customers’ unique needs and provides powerful yet easy-to-use tools for ongoing planning and meaningful progress. I placed it.
We focused on developing the habit of planning, not just creating a plan. Because plans are subject to change, but the planning process is essential. Throughout the year, we prioritized the most-requested features from our customers and introduced innovative environments to help them better understand their financial health.
As we reflect on the past 12 months, let’s take a look at the Planner milestones that defined 2024. And the most important part? We expect even more in 2025.
Financial Wellness Score and Ratings of Over 15 Different Metrics
Last summer, we released what we hope will become the new industry standard for assessing financial health. And we continue to be excited about our overall financial wellness scores and metrics. Depending on your profile, we examine your financial health on a scale of 15+ to give you a clear and actionable snapshot of your situation.
- Understand your strengths and how to utilize them.
- Additionally, discover areas that can be improved and get steps to improve.
It’s like a credit score, but it covers all aspects of your overall financial well-being.
Here are all the metrics tracked (although not all metrics are currently available in all profiles):
retirement
income and expenses
tax
savings and debt
housing and real estate
life and legacy
Switch between current and future dollars
This was one of our most requested features.
You can now easily switch between viewing forecasts in future dollars and today’s dollars.
Use the Prediction button in the top navigation (the first icon to the right of the scenario dropdown) to toggle between the two values.
Customize your withdrawal order
Another most requested feature for a while was the ability to customize the order of accounts for withdrawals. You can now optimize your finances with custom withdrawal orders. (You can also revert to the old order at any time.) Watch the demo here.
Retirement allowance withdrawal report
The Retirement Withdrawal Report allows you to drill down into the timing, amount, and account source of your withdrawals.
Improved net worth tracking
Additionally, users can now see month-over-month changes in their current net worth. Check Delta overview. This is the first step to better tracking and monitoring your assets over time.
Summary of my planning scenario
Added a My Plan Summary page where you can view a snapshot of your current scenario. You can easily see if each topic is completed, and PlannerPlus subscribers can see all milestones associated with that scenario.
daily class
Coach Nancy will be with you every day (Monday through Friday) to help you get the most out of your plan.
Evolving support options
We make every effort to provide answers to your questions as quickly as possible and are improving our use of AI to provide faster and more personalized answers, but we We’re always here in person to make sure you get your answers.
Support options include:
- Help center: Because it’s not online 24/7. Help center When you’re stuck. You’ll probably find the answer you need. Use the search feature to find what you’re looking for.
- In-app messaging: Look for the circle icon in the bottom right corner of the planner screen. Please send us your questions. We are here to help.
- Coaching: We’ll make sure your data is answered correctly and provide one-on-one coaching to explain how to use the planner to answer your questions. A 50-minute planning session is $250.
- Paid advice: Need more help? Work with Boldin Advisors’ CERTIFIED FINANCIAL PLANNER™ experts to identify and achieve your goals.
dividend
Added dividend functionality for qualified dividends in after-tax accounts. This improves the accuracy of the plan’s tax forecasts.
here it is Articles and videos Demo of dividend function.
Continuing efforts to improve connections and account linking
Boldin links your accounts through all the top financial data aggregators (Plaid, Finicity, MX), giving you the best opportunity to keep all your accounts connected and in sync.
Recently, the number of connections that needed remediation decreased from 3,600 to less than 500. We’ve also made significant improvements to account updates.
Account linking is a challenging area for the entire financial services industry. There is wide variation in how financial institutions share data, including frequent changes in login protocols, security measures, and API connections. Additionally, data synchronization can be disrupted by factors such as multi-factor authentication requirements, server outages, and aggregator update delays.
Account linking is always a challenge, and we’re excited to continue working to improve this feature for our customers.
A more accurate way to model payroll deductions and employer contributions to savings
Saving for retirement is the foundation for a secure future. Employers then offer a variety of benefits to employees who save. This year, Boldin made payroll contributions and payroll deductions possible.
learn more…
Apply for a Roth conversion plan
You can now automatically apply Roth Conversion Explorer suggestions to active scenarios.
This long-awaited update makes it easy to add suggested conversions and see the impact on your chances of retirement success and other important analytics.
IRMAA analysis and enhancements
We’ve added IRMAA estimates to numerous charts and launched an IRMAA Insights page.
Enabling additional account types including inherited IRAs
Added 403b, 457b, Roth 401k, Roth 403b, and Roth 457b accounts. This update allows for more accurate tax predictions and contribution limits. For example, planners now allow total annual contribution limits for 401k or 403b and 457b accounts.
Make sure you select the appropriate account type for your assets.
inherited IRA
For inherited IRAs and diverse beneficiary types before and after the SECURE Act. This feature allows users to easily calculate an inherited IRA, including required distributions and associated income tax liability. This enhancement supports improved ease of use, opportunity discovery, and more accurate financial planning.
We will assess the distribution rules you need to follow and model a default withdrawal strategy. Learn more about inherited IRA features. here.
gender options
We’ve added two additional options for gender: prefer not to answer, and nonbinary or gender nonconforming.
fixes and bugs
We are always on the lookout for typos, corrections, and bugs and strive to fix them in a timely manner.
cash balance pension
If your employer offers a cash balance pension, you can now model this in your planner.
Required distribution report
This allows users to more accurately understand required distributions from retirement accounts and inherited IRAs.
Use this report to understand IRS regulations and avoid penalties. This information allows you to make better decisions about alternative distribution strategies.
Annual updates to state, federal, and other default data
We will continue to update the model with the latest information.
- On January 1, 2025, we once again updated federal tax rates, Medicare estimates, and Social Security wage limits.
- Status updates occur in batches during the first few months of the year.
- Last year, we also updated that default setting as long-term care costs rose significantly.
Did the latest update change your predictions?
Industry awards and recognition
In 2024, we won numerous prestigious industry awards and were featured in The Wall Street Journal, The New York Times, MarketWatch, and more. We’re proud of what we’re building and appreciate your support and suggestions for continuous improvement.
Favorite features
In addition to everything we’ve added this year, we wanted to celebrate by highlighting a few of the features we think you’ll love most about Boldin Planner.
Comprehensive and flexible: Although we have more features to add, we believe that so far it is the most complete and comprehensive planning tool available to advisors or directly to consumers.
Learn and discover: Many of you are familiar with planning and have created your own detailed spreadsheets. But I’ve heard that planners teach even the oldest and smartest dogs some new tricks.
scenario: Why is Boldin so powerful? You love playing out scenarios. Scenarios are a great way to explore possible futures and build confidence that you can maintain your desired lifestyle under different circumstances.
- Comparison of scenarios: What’s better than building a scenario? Compare that scenario to your baseline plan and make informed decisions.
- Compare predictions: In addition to comparing scenarios, you can compare optimistic, pessimistic, and average forecasts to gain insight into your future financial health under different conditions.
Roth conversion and taxes: Tax Insights and Roth Conversion Explorer are two of the most popular features for those nearing or nearing retirement.
What will happen in 2025?!
We’re proud of our commitment to constantly evolving our planner and all of our content and services to help you live the life you want. In addition to continued enhancements to Roth conversions and other modeling tools, we’re also making Planner easier to use and helping you keep your plans fresh and relevant.
Stay tuned for exciting releases in 2025 for the future you want no matter what happens.
