January 16, 2025 • 25 mins
Retirement Planning: A Comprehensive Overview of Resources and Strategies
This briefing document synthesizes information from five sources focused on retirement planning, highlighting key themes and actionable insights.
Theme 1: Importance of Proactive Planning
A common thread across all sources is the emphasis on proactive retirement planning. Top Accounting Degrees states, "Retirement is a fact of life and can be quite stressful for those who are not prepared," stressing the need for early and consistent planning to ensure a comfortable retirement. This sentiment is echoed by Boldin, which emphasizes that "financial confidence comes from more than just savings and investments," advocating for a holistic approach that considers various aspects of financial well-being.
Theme 2: Leveraging Available Resources
Several resources are identified as valuable tools for retirement planning.
- Government Resources: USAGov highlights the importance of utilizing government resources like the Social Security Administration website (ssa.gov) to estimate future benefits and understand claiming options. Additionally, it recommends using the benefit finder tool to discover other retirement benefits that may offer financial assistance.
- Financial Planning Websites: Top Accounting Degrees recommends websites like NerdWallet, Retirement Revised, Kiplinger’s Retirement Channel, and Retirement Living, which offer a plethora of information, calculators, guides, and articles to assist individuals in their retirement planning journey.
- Retirement Planning Software: Boldin promotes its comprehensive retirement planning software, emphasizing its panoramic approach that goes beyond just savings and investments. Features like tax modeling, income projections, real estate planning, debt management, and goal setting allow for personalized strategies. Allworth Financial also offers a retirement calculator and a variety of tutorials, checklists, and guides to support individuals in their planning process.
Theme 3: Key Planning Considerations
- Financial Projections: The sources emphasize the need to estimate future expenses, income, and savings requirements. Boldin's software allows users to calculate "what-ifs" for various scenarios and monitor finances in real-time. Allworth Financial's Retirement Calculator focuses on determining potential monthly income needs during retirement and assessing progress towards savings goals.
- Social Security Optimization: Understanding Social Security benefits is crucial. USAGov and Top Accounting Degrees highlight the importance of using the Social Security Administration's website to estimate benefits based on different claiming ages.
- Investment Strategies: NerdWallet and Kiplinger’s Retirement Channel offer resources related to investment options for retirement, while Boldin emphasizes personalized strategies based on individual circumstances.
- Lifestyle Factors: Retirement Revised and Retirement Living highlight the importance of considering lifestyle factors, such as deciding where to retire and planning for healthcare costs. Boldin acknowledges the impact of lifestyle choices on financial well-being, including budgeting and spending habits.
- Seeking Professional Advice: Allworth Financial strongly recommends seeking personalized advice from experienced financial advisors, offering free consultations and emphasizing the value of professional guidance. Boldin also encourages seeking help from coaches and advisors when needed, emphasizing that users are "never on their own."
Key Quotes:
- "People who are ge
Mark as Played
Transcript
Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:00):
All right.
So we've got this stack ofarticles you sent in about
retirement planning websites.
I know it can be a lot likejust getting started.
Even thinking about retirementcan feel overwhelming with so
much information out there.
Speaker 2 (00:12):
Oh, yeah, definitely.
Speaker 1 (00:14):
But that's what we're here for today.
Speaker 2 (00:15):
Exactly.
Speaker 1 (00:16):
We're going to dive into these articles you sent in.
Speaker 2 (00:18):
Yeah, we've got some good ones here.
It looks like we've gotarticles from top accounting
degrees, allworth Financial,usagov and even Bolden's own
website.
Speaker 1 (00:27):
That's great.
I'm excited to dive in and, youknow, what's so interesting to
me is that some of thesewebsites might already be on
your radar.
Speaker 2 (00:34):
Yeah, probably.
Speaker 1 (00:35):
As a listener, but we're going to really dig deeper
and unearth some hidden gems orclever planning tips that you
might not even know about, evenif you've visited these sites
before.
Speaker 2 (00:46):
For sure.
Speaker 1 (00:47):
It's all about getting the most out of these
resources.
Speaker 2 (00:50):
Exactly, and you know , like everyone knows, that the
Social Security Administrationwebsite, SAAgov.
That's important, right, butdid you know that it's way more
than just a place to check yourstatement?
Speaker 1 (01:00):
Oh OK, that's interesting.
I admit I haven't really spentthat much time on their site
beyond.
Just like the basics, oh OK.
Speaker 2 (01:04):
That's interesting.
I admit I haven't really spentthat much time on their site
beyond, just like the basics.
Yeah Well, top AccountingDegrees points out that you can
actually see personalizedbenefit estimates.
Speaker 1 (01:10):
Oh, wow.
Speaker 2 (01:11):
Based on different retirement ages.
Speaker 1 (01:13):
OK.
Speaker 2 (01:14):
So you can actually compare what you'd get if you
retired early versus waitinguntil your full retirement age.
Speaker 1 (01:20):
Oh, that's huge.
Speaker 2 (01:21):
Yeah, and it makes you think twice.
Speaker 1 (01:23):
Seeing those numbers side by side would definitely
make me think twice.
Speaker 2 (01:25):
Definitely, and top accounting degrees really
stresses the importance ofcreating an account on the SSA
website.
Apparently, that unlocks evenmore personalized planning tools
.
Speaker 1 (01:36):
I'm sensing a theme here these websites are way more
powerful when you actually gobeyond just the browsing
Absolutely.
Now let's switch gears a littlebit and talk about NerdWallet
NerdWalletcom.
Speaker 2 (01:43):
Now let's switch gears a little bit and talk
about NerdWallet NerdWalletcom.
They're known for theirpersonal finance advice, but
this top accounting degreesarticle that we have here
highlights their retirementsection, and I think it's
definitely worth a closer look.
Speaker 1 (01:58):
Okay, I've used their site before, like comparing
credit cards and things likethat yeah, for sure.
But retirement planning tell memore.
Speaker 2 (02:03):
Well, they have this retirement calculator that helps
you figure out when you canactually retire based on your
goals.
Speaker 1 (02:11):
Okay, it's not just about age Right.
Speaker 2 (02:12):
It's about hitting those financial milestones.
Speaker 1 (02:15):
So it's like a reality check almost, like based
on your actual situation, notjust like some generic advice.
Speaker 2 (02:21):
Exactly, and something I found interesting in
this article was they also havea bunch of retirement blogs oh
cool.
So it's not just about likeplugging numbers into a
calculator, it's about gettinginsights and strategies from
experts.
Speaker 1 (02:34):
Nice.
Okay, now that we're talkingabout experts, this next website
, recommended by top accountingdegrees, is apparently endorsed
by Money Magazine.
Speaker 2 (02:43):
Oh, wow.
Speaker 1 (02:43):
It's retirementrevisedcom Nice.
What's the hype about?
Speaker 2 (02:47):
Well, first off, it's more than just a website.
They have a weekly newsletter,professionally written guides
and even retirement-focusedpodcasts.
Oh wow, it's a whole ecosystemof retirement knowledge.
Speaker 1 (02:57):
It's like for people who really want to geek out on
retirement planning.
Speaker 2 (03:01):
Absolutely, but don't worry if that's not you.
They also have essential toolslike a social security estimator
and a retirement calculator.
Speaker 1 (03:11):
They seem to strike a good balance between in-depth
content and practical tools.
That's good.
Speaking of in-depth content,Kiplinger's Retirement Channel
is next on our list.
I know Kiplinger's for theirfinancial magazines, but what's
special about their RetirementChannel?
Speaker 2 (03:22):
Well, instead of just general advice, they have
articles on very specificretirement topics.
We're talking Social Securitytips and myths, common Medicare
mistakes, even likeunderstanding Medigap prices.
Speaker 1 (03:36):
Wow, they really get into the nitty gritty.
Yeah, for sure it sounds likethey're anticipating the
questions that people have, likeonce they're actually in
retirement.
Speaker 2 (03:43):
Exactly.
And then they even offerresources that you might not
expect from a traditionalfinance publication, like
podcasts, a state by stateretirement guide, mobile apps,
even slideshows.
Speaker 1 (03:54):
That's a lot of options.
I see Top Accounting Degreesalso recommends a website called
retirementlivingcom.
Is this just about where tolive when you retire?
Is this just about where tolive when you retire?
Speaker 2 (04:03):
It's actually much broader than that.
While they do help peoplechoose a retirement location,
they also cover investmentstrategies, setting saving
targets and even finding afinancial advisor.
Speaker 1 (04:13):
So it's more about like navigating the lifestyle
changes that come withretirement, not just like the
financial aspect yeah, that's agood way to put it.
Speaker 2 (04:21):
And of course they have tools for calculating
retirement funds and potentialSocial Security benefits, but
it's all framed within this ideaof like living well in
retirement.
Speaker 1 (04:32):
That makes sense.
Ok, now, before we move on, Iwant to get your take on
something.
We've seen a lot of differentwebsites so far, each with its
own strengths, but is there anoverarching theme or approach to
retirement planning?
That seems to be emerging?
Speaker 2 (04:46):
That's a great question.
One thing that stands out to meis this idea of personalization
.
Speaker 1 (04:50):
Okay.
Speaker 2 (04:51):
Whether it's creating an account for tailored tools
or exploring different learningstyles through blogs, podcasts
or guides, it's clear that, likea one-size-fits-all approach to
retirement planning justdoesn't cut it anymore.
Speaker 1 (05:03):
Yeah, that's a good point.
It's not just about gettinggeneric advice.
It's about finding theresources and strategies that
align with your unique goals andcircumstances.
Speaker 2 (05:11):
Exactly, and that leads us perfectly to Bolden's
website, which takes this ideaof personalization to a whole
new level with theircomprehensive financial planning
platform.
Speaker 1 (05:20):
OK, I'm intrigued.
Tell me more about Bolden'sapproach.
What makes them different fromthese other websites we've
discussed?
Speaker 2 (05:26):
Well, Bolden emphasizes a panoramic approach
to financial planning, whichmeans they go beyond just
retirement.
Speaker 1 (05:33):
OK.
Speaker 2 (05:33):
They look at everything Taxes, income sources
, real estate, debt goals,budget, medical costs and even
things like lifestyle choices.
Speaker 1 (05:43):
Wow, that really is panoramic.
It sounds like they're tryingto capture the full complexity
of your financial life, not justisolate retirement planning.
Speaker 2 (05:50):
Precisely, and they have this powerful statement on
their website people who plan do2.7 times better financially.
It really highlights theimportance of taking a proactive
and comprehensive approach toplanning for the future.
Speaker 1 (06:04):
I can definitely see the appeal of that.
So what kind of tools doesBolden offer to support this
panoramic approach?
Speaker 2 (06:10):
They have a whole suite of features, including
what-if scenario calculators,real-time financial monitoring,
personalized support throughclasses groups and even
one-on-one coaching.
It's like having a personalizedfinancial command center.
Speaker 1 (06:24):
That sounds incredibly valuable, especially
for someone who wants to beactively involved in their
financial planning but might nothave the expertise to do it all
themselves.
Speaker 2 (06:32):
Absolutely, and Bolden stresses that they offer
different levels of support.
You can use their DIY planningtools, take classes to enhance
your financial literacy, or evenwork with their coaches and
advisors for more hands-onguidance.
Speaker 1 (06:45):
It's like they're catering to a wide range of
comfort levels and needs.
Speaker 2 (06:48):
Exactly Now.
Before we dive deeper intoBolden's platform, let's take a
look at this article fromAllworth Financial, titled
Retirement Planning Resources.
They also seem to emphasizethis idea of providing a variety
of tools and guidance.
Speaker 1 (07:03):
Okay, let's see what they have to offer.
What's the first thing thatjumps out at you from this
article?
Speaker 2 (07:07):
They have a retirement resources section
that's packed with differenttypes of content.
It's clear they're trying toappeal to different learning
styles and preferences.
Speaker 1 (07:14):
Okay, that's great.
Variety is key when it comes tosomething as complex as
retirement planning.
What are some examples of theresources they offer?
Speaker 2 (07:22):
Well, they have a retirement calculator that they
emphasize is super simple to use.
Speaker 1 (07:27):
OK.
Speaker 2 (07:27):
It helps you figure out your monthly income needs
during retirement and track yourprogress towards your goals.
Speaker 1 (07:34):
So it's like a good starting point for someone who's
feeling overwhelmed and justwants to get a basic
understanding of theirretirement needs.
Speaker 2 (07:40):
Exactly, and if you're someone who prefers a
more visual approach, they havea series of short tutorials,
each taking about 15 minutes towatch.
Speaker 1 (07:48):
Perfect for those with short attention spans or
busy schedules.
What kinds of topics do thesetutorials cover?
Speaker 2 (07:54):
Well, they don't get too specific in the article, but
they do mention that thetutorials can help you
understand economic or marketevents that could affect you and
your family.
Speaker 1 (08:02):
Okay, that's actually really valuable.
It's not just about planningfor the ideal scenario.
It's about being prepared forthe unexpected.
Speaker 2 (08:08):
Right.
And then they have thisretirement planning checklist
that's designed to help youassess your overall financial
health.
It's like a financial checkupto see where you stand.
Speaker 1 (08:18):
I love that analogy.
It makes it sound lessintimidating and more like a
routine health check.
Speaker 2 (08:22):
Exactly, and they say it's both easy to use and
comprehensive.
So you get a clear picturewithout feeling overwhelmed.
Speaker 1 (08:28):
That's a delicate balance to strike, but it sounds
like they've pulled it off.
Okay, what other resources dothey mention in this article?
Speaker 2 (08:34):
They have a selection of in-depth guides, each taking
about 15 minutes to read.
It's kind of like the tutorials, but in written format.
Speaker 1 (08:41):
So something for everyone, whether you prefer to
watch, listen or read.
Speaker 2 (08:45):
Right, and these guides cover a wide range of
topics including social securityplanning, understanding
inflation, managing health careand retirement annuities,
choosing a financial advisor andeven common financial mistakes
to avoid.
Speaker 1 (09:02):
It's like they've compiled a library of the most
common questions and concernspeople have about retirement
planning.
Speaker 2 (09:05):
And for those who want a more interactive learning
experience, they offerworkshops, both digital and in
person.
Speaker 1 (09:10):
Oh cool, that's great .
It caters to different learningstyles and preferences.
What do these workshops focuson?
Speaker 2 (09:16):
They provide firsthand learning from
experienced financial advisorsand address common questions
about retirement.
Speaker 1 (09:23):
It's like getting personalized guidance, but in a
group setting.
Speaker 2 (09:26):
Exactly.
Speaker 1 (09:27):
Now I know they also have a podcast.
What's that all about?
Speaker 2 (09:29):
Their podcast lineup is pretty diverse.
They have daily episodes withsaving and investing tips,
weekly call-in shows wherelisteners can get their
questions answered, and evenshows featuring personal
retirement stories.
Speaker 1 (09:41):
Oh, wow.
It's like a whole audio librarydedicated to retirement
planning.
That's a lot of options.
Speaker 2 (09:45):
And finally, for those who are looking for truly
personalized advice, they offera free introductory consultation
either by phone or video call.
Speaker 1 (09:54):
Oh, that's cool.
That's a great opportunity toget your questions answered by a
professional without anycommitment.
What happens during thisconsultation?
Speaker 2 (10:01):
You can basically ask the advisor anything about
retirement planning, investing,saving taxes, estate planning,
insurance you name it.
Speaker 1 (10:09):
So it's like a mini financial checkup.
Speaker 2 (10:11):
Exactly, and at the end of the consultation they
give you a seven personaldecision points report with
recommendations to help keepyour retirement plan on track.
Speaker 1 (10:19):
That's a nice takeaway.
It gives you something concreteto work with after the
consultation.
Speaker 2 (10:22):
Now shifting gears a bit.
Speaker 1 (10:24):
OK.
Speaker 2 (10:24):
Let's talk about the government provided resources
highlighted by USAGov.
Speaker 1 (10:29):
Okay.
Speaker 2 (10:29):
Their page on retirement planning tools offers
a different perspective.
Speaker 1 (10:34):
Okay, what does the government bring to the table?
I'm assuming it's all aboutreliability and unbiased
information.
Speaker 2 (10:40):
You got it.
And they start by recommendingtheir savings planning
worksheets, which are actuallyinteractive.
Speaker 1 (10:45):
Interactive.
That sounds more engaging thanjust a typical spreadsheet.
Speaker 2 (10:48):
Right.
These worksheets help you setsavings goals and timelines,
determine how much to save eachyear and even organize your
financial documents.
Speaker 1 (10:56):
It's like having a step-by-step guide to get your
financial house in order.
Speaker 2 (11:00):
And they also emphasize the importance of
planning for Social Securitybenefits.
Speaker 1 (11:04):
Right, that's a crucial part of retirement
planning for most people.
What specific tools do theyoffer for Social Security
planning?
Speaker 2 (11:11):
They encourage creating a my Social Security
account to get personalizedestimates, and they recommend
checking out Social Security'svarious benefit calculators.
These can help you figure outyour full retirement age
estimate benefits for a spouseand get a detailed projection of
your future benefits.
Speaker 1 (11:28):
MARK MIRCHANDANI.
That's super helpful,especially for couples planning
their retirement together.
It's important to have a clearpicture of what they can expect
from Social Security.
Speaker 2 (11:36):
MELANIE WARRICK, and USAGov also has this benefit
finder tool that can help youdiscover other government
retirement benefits you might beeligible for.
It's not just about SocialSecurity, it's about exploring
all your options.
Speaker 1 (11:47):
Yeah, that's a great reminder.
Sometimes we forget about allthe potential resources that are
available to us.
Speaker 2 (11:51):
Exactly Now.
For those who already have a401k or IRA, they recommend
checking if your retirementaccount provider offers any
planning tools.
You might already have accessto resources you're not even
aware of.
Speaker 1 (12:03):
That's a good point.
Sometimes the answer is rightin front of us.
Speaker 2 (12:06):
And finally, they have a cost of living comparison
tool.
This is great for anyoneconsidering relocating in
retirement.
It lets you compare the cost ofliving in your current home to
potential places you might moveto.
Speaker 1 (12:19):
That's crucial information.
Moving to a place with a lowercost of living can really
stretch your retirement savings.
Speaker 2 (12:25):
Yeah.
Speaker 1 (12:26):
So we've covered a lot of ground here.
We've seen how the government,financial institutions and even
specialized websites are allstepping up to offer a wide
range of resources forretirement planning.
Speaker 2 (12:37):
It's truly impressive how much information and
support is available these days,and it's a reminder that you
don't have to navigate thisjourney alone.
Speaker 1 (12:44):
Yeah.
Speaker 2 (12:44):
There are tools and experts ready to help you every
step of the way.
Speaker 1 (12:48):
Exactly.
And speaking of experts, let'scircle back to Bolden.
We touched on their panoramicapproach, but I'm curious to
delve deeper into their platformand see how they put this
approach into action.
Speaker 2 (13:00):
Absolutely.
Explore Bolden's tools andfeatures in more detail,
focusing on how they can helpyou create a truly personalized
retirement plan that takes allaspects of your financial life
into account.
Speaker 1 (13:12):
Day two.
Speaker 2 (13:12):
Welcome back.
So we're continuing our deepdive into retirement planning
websites, and this time we'rezeroing in on Bolden.
Speaker 1 (13:19):
All right, let's unpack what Bolden has to offer.
I remember that statistic theyshared people who plan do 2.7
times better financially Right,that really got my attention.
Speaker 2 (13:29):
It's a powerful message and it aligns perfectly
with Bolden's mission to empowerpeople to take control of their
financial futures.
Speaker 1 (13:36):
Yeah, and we talked about how they offer different
levels of support, DIY tools,classes and even access to
coaches and advisors.
Where should someone even beginwith all that?
Speaker 2 (13:45):
Well, remember that quote from one of their users.
The retirement planner gave methe confidence to retire three
years early.
Speaker 1 (13:51):
Oh yeah.
Speaker 2 (13:51):
That speaks volumes about how Bolden's tools can
translate into real life results.
Speaker 1 (13:56):
Yeah, it's inspiring to hear that sometimes financial
planning can feel so abstract,so it's great to see like
tangible outcomes like that.
Speaker 2 (14:02):
Absolutely.
And Bolden goes beyond justproviding information.
They talk about helping youvisualize your goals, balance
your priorities and make anearly start on your retirement
planning.
It's about shifting yourmindset from feeling overwhelmed
to feeling empowered.
Speaker 1 (14:18):
I love that.
It's about taking charge ofyour finances instead of letting
them control you.
Speaker 2 (14:22):
Right, and it's never too early or too late to start.
Bolden even cites a CFP boardsurvey that found 54 percent of
people who plan are more likelyto live comfortably in
retirement.
Speaker 1 (14:33):
OK, that's a compelling statistic.
It really highlights the linkbetween planning and financial
well-being.
Speaker 2 (14:38):
Now let's talk about some of the specific tools
Bolden offers.
Ok, they have a whole suite ofcalculators, starting with a
simple retirement calculator.
Speaker 1 (14:45):
OK.
Speaker 2 (14:46):
It tackles those basic questions like how much do
I need, what's my net worth,when can I retire and what's my
retirement income.
Speaker 1 (14:52):
So it's a good entry point for anyone who's just
dipping their toes intoretirement planning.
Speaker 2 (14:56):
Exactly, and then they have a lifetime annuity
calculator.
Annuities can be a bit complex,so this calculator can help you
explore that option and see ifit fits into your overall
retirement plan.
Speaker 1 (15:07):
Yeah, I've heard a lot about annuities lately, but
I'll admit I'm not entirely surehow they work or if they're
right for me.
Speaker 2 (15:13):
That's where a tool like this can be really helpful.
It can demystify some of thecomplexities and allow you to
make a more informed decision.
Speaker 1 (15:21):
Now I also noticed they have a FIRE retirement
calculator.
What exactly is FIRE retirement?
Speaker 2 (15:26):
FIRE stands for Financial Independence.
Retire Early.
It's a movement that's gainingpopularity, especially among
younger generations.
It's all about savingaggressively and investing
strategically so you can retireearlier than traditional
retirement age.
Speaker 1 (15:40):
Oh, OK.
So it's about taking control ofyour time and your finances,
not just waiting for thatarbitrary retirement age to roll
around.
Speaker 2 (15:47):
Exactly, and Bolden recognizes that there's no one
size fits all approach toretirement planning.
That's why they offercalculators tailored to
different goals and strategies.
Speaker 1 (15:56):
That makes sense.
Now, beyond the calculators,bolden also offers personalized
support through classes, groupsand coaching.
What can you tell me abouttheir classes?
Speaker 2 (16:05):
Their website doesn't list specific class titles, but
they do have a blog theydescribe as your Guide to
Financial Planning andRetirement.
I think the blog can give ussome clues about the topics they
cover in their classes.
Speaker 1 (16:17):
Okay, let's explore that.
What are some of the blogcategories?
Speaker 2 (16:20):
Well, they have categories for financial
wellness, retirement planning,estate planning and taxes.
Those seem like fundamentalareas to cover.
Speaker 1 (16:28):
Yeah, those are definitely essential building
blocks for any solid financialplan.
Speaker 2 (16:32):
And they go deeper into specific areas, with
categories like saving andinvesting, budgeting and
spending burning, retirementincome, social security,
retirement jobs and pensions.
Speaker 1 (16:43):
Wow, they really cover the whole spectrum.
It's like a financialencyclopedia for retirement
planning.
Speaker 2 (16:46):
They also have categories for home and real
estate, debt insurance and evenlifestyle.
Speaker 1 (16:51):
Lifestyle.
That's interesting.
What do they cover in thatcategory?
Speaker 2 (16:54):
They have subcategories like happy
retirement, family andrelationships, aging well and
your time.
It seems like they'rerecognizing that retirement is
not just about money.
It's about living a fulfillinglife.
Speaker 1 (17:06):
Yeah, that's a really important point.
It's about using your time andresources to pursue your
passions, spend time with lovedones and make the most of this
new chapter in your life.
Speaker 2 (17:16):
Absolutely, and Bolden seems to be acknowledging
that by incorporating lifestyleconsiderations into their
financial planning platform.
Speaker 1 (17:23):
Now, beyond the blog and the classes, they also have
this community aspect to theirplatform.
I'm curious to hear more aboutthat.
Speaker 2 (17:30):
They encourage you to connect with peers and experts
through their podcast classesand groups.
They also invite you to connectwith them on social media
platforms like Facebook,instagram, linkedin and Reddit.
Speaker 1 (17:41):
So it's about creating a sense of community
and shared purpose aroundfinancial planning.
Speaker 2 (17:44):
Exactly.
You can learn from others,share your experiences and get
inspiration from people who aregoing through similar challenges
and triumphs.
Speaker 1 (17:51):
It's like having a support system for your
retirement planning journey.
Speaker 2 (17:55):
Now we talked a lot about what Bolden offers, but
I'm curious to hear your overallimpression of their approach.
What stands out to you?
Speaker 1 (18:02):
Well, I think what's really compelling is their
emphasis on personalization andempowerment.
They're not just giving yougeneric advice.
They're providing the tools andsupport to create a plan that's
tailored to your unique goalsand circumstances.
Speaker 2 (18:17):
I agree, and they're meeting people where they are
offering different levels ofsupport to match different
comfort levels and needs.
Speaker 1 (18:23):
Whether you're a DIYer who wants to take charge
of your own planning, or someonewho prefers more guidance,
bolden seems to have an optionfor you.
Speaker 2 (18:31):
Right and their panoramic approach.
Considering all aspects of yourfinancial life is refreshing.
It's about seeing the bigpicture and understanding how
all the pieces fit together.
Speaker 1 (18:40):
Now, I know Bolden is all about providing
comprehensive resources, butthey also acknowledge their
limitations.
They have a disclaimer on theirwebsite stating that their
content, calculators and toolsare for informational and
educational purposes only andare not investment advice.
Speaker 2 (18:54):
That's a responsible disclaimer.
It's a reminder that thesetools can be incredibly helpful,
but they shouldn't replace theadvice of a qualified financial
advisor.
Speaker 1 (19:03):
Especially if you have complex financial needs or
are unsure about certain aspectsof retirement planning, it's
always a good idea to consultwith a professional.
Speaker 2 (19:12):
And Bolden seems to recognize that offering access
to coaches and advisors as partof their platform.
Speaker 1 (19:19):
It's about providing a range of support options so
people can find the level ofguidance that's right for them.
Speaker 2 (19:25):
Okay, as we move towards wrapping up our
exploration of Bolden, I'd liketo transition to the other
resources in this stack ofarticles.
We have retirement planningresources from Allworth
Financial and RetirementPlanning Tools from USAGov.
I'm curious to see how theirapproach is compared to Bolden's
.
Speaker 1 (19:41):
Marc Thiessen Sounds good.
Let's see what they have tooffer.
Speaker 2 (19:43):
Danielle Pletka.
Okay, so we're back and readyto wrap up our deep dive into
these retirement planningwebsites.
Speaker 1 (19:48):
Yeah, we've seen a lot of different approaches.
Speaker 2 (19:50):
Yeah, we've explored a lot of ground, right from the
government resources to thesepersonalized planning platforms.
Speaker 1 (19:57):
And we've seen this clear shift towards, like,
personalization and empoweringtools.
Speaker 2 (20:02):
Definitely.
It's not just about genericadvice anymore.
It's all about finding theresources and strategies that
align with like your uniquegoals and circumstances.
Speaker 1 (20:10):
Exactly Now.
Before we wrap things upcompletely, I want to circle
back to those articles fromAllworth Financial and US Erica.
Ok, we touched on them earlier,yeah, but I think it's worth
comparing their approaches towhat we've seen from Bolden.
Speaker 2 (20:22):
Yeah, that's a good idea.
It'll give us a broaderperspective, I think, on all the
different philosophies andstrategies that are out there.
Speaker 1 (20:29):
Right.
So, starting with AllworthFinancial, their retirement
planning resources Articlehighlighted a range of tools and
content formats.
They had that like simpleretirement calculator, short
tutorials, a retirement planningchecklist in-.
They had that like simpleretirement calculator, short
tutorials, a retirement planningchecklist, in-depth guides,
workshops, a podcast and evenlike free consultations with
advisors.
Speaker 2 (20:49):
Wow, it's impressive how much they pack into just
like one section of theirwebsite.
Speaker 1 (20:53):
It's a lot right.
It seems like they're reallytrying to cater to different
learning styles and preferences,offering something for everyone
.
Speaker 2 (21:00):
Absolutely.
They seem to understand thatpeople approach financial
planning in different ways.
Some people just want like aquick overview and other people
want to dive deep into specifictopics.
Speaker 1 (21:10):
Right, and they offer different levels of engagement
too, from like passive learningthrough their blog and podcast
to more interactive experienceslike workshops and consultations
.
Speaker 2 (21:20):
Yeah, for sure they're meeting people where
they are on their financialjourney.
Speaker 1 (21:24):
Exactly Now.
Compared to Bolden's panoramicapproach, allworth Financial
seems to be more focused onproviding a comprehensive
library of resources andguidance.
Speaker 2 (21:35):
Yeah, that's a good distinction.
They're equipping you with theknowledge and tools you need to
make informed decisions, butthey're not necessarily like
creating a personalized plan foryou.
Speaker 1 (21:44):
That's a good point.
Yeah, they're empowering you totake ownership of your
retirement planning but, they'renot holding your hand through
the process.
Exactly Okay.
Speaker 2 (21:51):
Now shifting gears to USAGov.
Their approach is quitedifferent.
Their retirement planning toolspage focuses on providing
reliable and unbiasedinformation from the government.
Speaker 1 (22:01):
Right and they highlighted those interactive
savings planning worksheets,resources for planning Social
Security benefits, a benefitfinder tool to explore other
government programs and even acost of living comparison tool.
Speaker 2 (22:14):
Yeah.
Speaker 1 (22:14):
It's clear that they're prioritizing access to
accurate information andessential planning tools,
especially those that arerelated to like government
programs For sure, and they seemto be targeting a wider
audience, not just those who arelike actively planning for
retirement.
Speaker 2 (22:30):
Yeah, like they're also addressing people who are
maybe just starting to thinkabout retirement or those who
might need assistance with likespecific aspects of their plan.
Speaker 1 (22:38):
So if we were to place these three approaches on
a spectrum, usagov would be onone end, providing that like
foundational information andtools, while Bolden would be on
the other end, offering like ahighly personalized and
comprehensive planningexperience.
Speaker 2 (22:53):
Yeah, and Allworth Financial would probably fall
somewhere in the middle,offering like a blend of
educational resources andpersonalized guidance.
Speaker 1 (23:00):
Right.
It's fascinating to see howthese different approaches
actually complement each other,catering to a diverse range of
needs and preferences.
Speaker 2 (23:08):
Definitely.
It really highlights theabundance of resources that are
out there these days to helppeople plan for a secure and
fulfilling retirement.
Speaker 1 (23:17):
It really does Now, as we wrap up this whole deep
dive, yeah.
I want to leave you with afinal thought.
Speaker 2 (23:22):
Okay, I'm listening.
Speaker 1 (23:23):
We've seen how technology is transforming
retirement planning.
Speaker 2 (23:26):
Yeah.
Speaker 1 (23:27):
Like.
It's more accessible, it's morepersonalized and it's more
engaging than ever before.
Speaker 2 (23:32):
It's true.
It's remarkable how far we'vecome from, like just relying
solely on financial advisors andthose like static spreadsheets.
Speaker 1 (23:40):
Exactly.
But amidst all this innovation,it's important to remember that
technology is just a tool.
Speaker 2 (23:46):
That's right.
Speaker 1 (23:47):
The real power lies in your hands, you know.
Speaker 2 (23:49):
It does.
Speaker 1 (23:49):
It's about taking the time to educate yourself,
explore your options and makeinformed decisions that align
with your values and aspirations.
Speaker 2 (23:57):
Couldn't agree more.
Speaker 1 (23:58):
And it's about recognizing that retirement
planning isn't just a one-timeevent.
Speaker 2 (24:01):
Yeah.
Speaker 1 (24:01):
It's an ongoing journey, a journey that requires
attention, adjustments and awillingness to adapt to changing
circumstances.
Speaker 2 (24:10):
That it's a journey worth taking.
Speaker 1 (24:12):
Oh, it absolutely is, because a well-planned
retirement isn't just aboutfinancial security.
It's about freedom, fulfillmentand the opportunity to live
life on your own terms.
Speaker 2 (24:20):
That's a powerful message to end on.
Speaker 1 (24:23):
So to all our listeners out there, embrace the
journey.
Speaker 2 (24:26):
Explore the resources that are available to you.
Speaker 1 (24:28):
And create a retirement plan that reflects
your dreams and aspirations.
Speaker 2 (24:32):
That's it for this deep dive.
Thanks for joining us.
Speaker 1 (24:34):
Until next time, keep exploring and keep learning.
All right.
So we've got this stack ofarticles you sent in about
retirement planning websites.
I know it can be a lot likejust getting started.
Even thinking about retirementcan feel overwhelming with so
much information out there.
Speaker 2 (00:12):
Oh, yeah, definitely.
Speaker 1 (00:14):
But that's what we're here for today.
Speaker 2 (00:15):
Exactly.
Speaker 1 (00:16):
We're going to dive into these articles you sent in.
Speaker 2 (00:18):
Yeah, we've got some good ones here.
It looks like we've gotarticles from top accounting
degrees, allworth Financial,usagov and even Bolden's own
website.
Speaker 1 (00:27):
That's great.
I'm excited to dive in and, youknow, what's so interesting to
me is that some of thesewebsites might already be on
your radar.
Speaker 2 (00:34):
Yeah, probably.
Speaker 1 (00:35):
As a listener, but we're going to really dig deeper
and unearth some hidden gems orclever planning tips that you
might not even know about, evenif you've visited these sites
before.
Speaker 2 (00:46):
For sure.
Speaker 1 (00:47):
It's all about getting the most out of these
resources.
Speaker 2 (00:50):
Exactly, and you know , like everyone knows, that the
Social Security Administrationwebsite, SAAgov.
That's important, right, butdid you know that it's way more
than just a place to check yourstatement?
Speaker 1 (01:00):
Oh OK, that's interesting.
I admit I haven't really spentthat much time on their site
beyond.
Just like the basics, oh OK.
Speaker 2 (01:04):
That's interesting.
I admit I haven't really spentthat much time on their site
beyond, just like the basics.
Yeah Well, top AccountingDegrees points out that you can
actually see personalizedbenefit estimates.
Speaker 1 (01:10):
Oh, wow.
Speaker 2 (01:11):
Based on different retirement ages.
Speaker 1 (01:13):
OK.
Speaker 2 (01:14):
So you can actually compare what you'd get if you
retired early versus waitinguntil your full retirement age.
Speaker 1 (01:20):
Oh, that's huge.
Speaker 2 (01:21):
Yeah, and it makes you think twice.
Speaker 1 (01:23):
Seeing those numbers side by side would definitely
make me think twice.
Speaker 2 (01:25):
Definitely, and top accounting degrees really
stresses the importance ofcreating an account on the SSA
website.
Apparently, that unlocks evenmore personalized planning tools
.
Speaker 1 (01:36):
I'm sensing a theme here these websites are way more
powerful when you actually gobeyond just the browsing
Absolutely.
Now let's switch gears a littlebit and talk about NerdWallet
NerdWalletcom.
Speaker 2 (01:43):
Now let's switch gears a little bit and talk
about NerdWallet NerdWalletcom.
They're known for theirpersonal finance advice, but
this top accounting degreesarticle that we have here
highlights their retirementsection, and I think it's
definitely worth a closer look.
Speaker 1 (01:58):
Okay, I've used their site before, like comparing
credit cards and things likethat yeah, for sure.
But retirement planning tell memore.
Speaker 2 (02:03):
Well, they have this retirement calculator that helps
you figure out when you canactually retire based on your
goals.
Speaker 1 (02:11):
Okay, it's not just about age Right.
Speaker 2 (02:12):
It's about hitting those financial milestones.
Speaker 1 (02:15):
So it's like a reality check almost, like based
on your actual situation, notjust like some generic advice.
Speaker 2 (02:21):
Exactly, and something I found interesting in
this article was they also havea bunch of retirement blogs oh
cool.
So it's not just about likeplugging numbers into a
calculator, it's about gettinginsights and strategies from
experts.
Speaker 1 (02:34):
Nice.
Okay, now that we're talkingabout experts, this next website
, recommended by top accountingdegrees, is apparently endorsed
by Money Magazine.
Speaker 2 (02:43):
Oh, wow.
Speaker 1 (02:43):
It's retirementrevisedcom Nice.
What's the hype about?
Speaker 2 (02:47):
Well, first off, it's more than just a website.
They have a weekly newsletter,professionally written guides
and even retirement-focusedpodcasts.
Oh wow, it's a whole ecosystemof retirement knowledge.
Speaker 1 (02:57):
It's like for people who really want to geek out on
retirement planning.
Speaker 2 (03:01):
Absolutely, but don't worry if that's not you.
They also have essential toolslike a social security estimator
and a retirement calculator.
Speaker 1 (03:11):
They seem to strike a good balance between in-depth
content and practical tools.
That's good.
Speaking of in-depth content,Kiplinger's Retirement Channel
is next on our list.
I know Kiplinger's for theirfinancial magazines, but what's
special about their RetirementChannel?
Speaker 2 (03:22):
Well, instead of just general advice, they have
articles on very specificretirement topics.
We're talking Social Securitytips and myths, common Medicare
mistakes, even likeunderstanding Medigap prices.
Speaker 1 (03:36):
Wow, they really get into the nitty gritty.
Yeah, for sure it sounds likethey're anticipating the
questions that people have, likeonce they're actually in
retirement.
Speaker 2 (03:43):
Exactly.
And then they even offerresources that you might not
expect from a traditionalfinance publication, like
podcasts, a state by stateretirement guide, mobile apps,
even slideshows.
Speaker 1 (03:54):
That's a lot of options.
I see Top Accounting Degreesalso recommends a website called
retirementlivingcom.
Is this just about where tolive when you retire?
Is this just about where tolive when you retire?
Speaker 2 (04:03):
It's actually much broader than that.
While they do help peoplechoose a retirement location,
they also cover investmentstrategies, setting saving
targets and even finding afinancial advisor.
Speaker 1 (04:13):
So it's more about like navigating the lifestyle
changes that come withretirement, not just like the
financial aspect yeah, that's agood way to put it.
Speaker 2 (04:21):
And of course they have tools for calculating
retirement funds and potentialSocial Security benefits, but
it's all framed within this ideaof like living well in
retirement.
Speaker 1 (04:32):
That makes sense.
Ok, now, before we move on, Iwant to get your take on
something.
We've seen a lot of differentwebsites so far, each with its
own strengths, but is there anoverarching theme or approach to
retirement planning?
That seems to be emerging?
Speaker 2 (04:46):
That's a great question.
One thing that stands out to meis this idea of personalization
.
Speaker 1 (04:50):
Okay.
Speaker 2 (04:51):
Whether it's creating an account for tailored tools
or exploring different learningstyles through blogs, podcasts
or guides, it's clear that, likea one-size-fits-all approach to
retirement planning justdoesn't cut it anymore.
Speaker 1 (05:03):
Yeah, that's a good point.
It's not just about gettinggeneric advice.
It's about finding theresources and strategies that
align with your unique goals andcircumstances.
Speaker 2 (05:11):
Exactly, and that leads us perfectly to Bolden's
website, which takes this ideaof personalization to a whole
new level with theircomprehensive financial planning
platform.
Speaker 1 (05:20):
OK, I'm intrigued.
Tell me more about Bolden'sapproach.
What makes them different fromthese other websites we've
discussed?
Speaker 2 (05:26):
Well, Bolden emphasizes a panoramic approach
to financial planning, whichmeans they go beyond just
retirement.
Speaker 1 (05:33):
OK.
Speaker 2 (05:33):
They look at everything Taxes, income sources
, real estate, debt goals,budget, medical costs and even
things like lifestyle choices.
Speaker 1 (05:43):
Wow, that really is panoramic.
It sounds like they're tryingto capture the full complexity
of your financial life, not justisolate retirement planning.
Speaker 2 (05:50):
Precisely, and they have this powerful statement on
their website people who plan do2.7 times better financially.
It really highlights theimportance of taking a proactive
and comprehensive approach toplanning for the future.
Speaker 1 (06:04):
I can definitely see the appeal of that.
So what kind of tools doesBolden offer to support this
panoramic approach?
Speaker 2 (06:10):
They have a whole suite of features, including
what-if scenario calculators,real-time financial monitoring,
personalized support throughclasses groups and even
one-on-one coaching.
It's like having a personalizedfinancial command center.
Speaker 1 (06:24):
That sounds incredibly valuable, especially
for someone who wants to beactively involved in their
financial planning but might nothave the expertise to do it all
themselves.
Speaker 2 (06:32):
Absolutely, and Bolden stresses that they offer
different levels of support.
You can use their DIY planningtools, take classes to enhance
your financial literacy, or evenwork with their coaches and
advisors for more hands-onguidance.
Speaker 1 (06:45):
It's like they're catering to a wide range of
comfort levels and needs.
Speaker 2 (06:48):
Exactly Now.
Before we dive deeper intoBolden's platform, let's take a
look at this article fromAllworth Financial, titled
Retirement Planning Resources.
They also seem to emphasizethis idea of providing a variety
of tools and guidance.
Speaker 1 (07:03):
Okay, let's see what they have to offer.
What's the first thing thatjumps out at you from this
article?
Speaker 2 (07:07):
They have a retirement resources section
that's packed with differenttypes of content.
It's clear they're trying toappeal to different learning
styles and preferences.
Speaker 1 (07:14):
Okay, that's great.
Variety is key when it comes tosomething as complex as
retirement planning.
What are some examples of theresources they offer?
Speaker 2 (07:22):
Well, they have a retirement calculator that they
emphasize is super simple to use.
Speaker 1 (07:27):
OK.
Speaker 2 (07:27):
It helps you figure out your monthly income needs
during retirement and track yourprogress towards your goals.
Speaker 1 (07:34):
So it's like a good starting point for someone who's
feeling overwhelmed and justwants to get a basic
understanding of theirretirement needs.
Speaker 2 (07:40):
Exactly, and if you're someone who prefers a
more visual approach, they havea series of short tutorials,
each taking about 15 minutes towatch.
Speaker 1 (07:48):
Perfect for those with short attention spans or
busy schedules.
What kinds of topics do thesetutorials cover?
Speaker 2 (07:54):
Well, they don't get too specific in the article, but
they do mention that thetutorials can help you
understand economic or marketevents that could affect you and
your family.
Speaker 1 (08:02):
Okay, that's actually really valuable.
It's not just about planningfor the ideal scenario.
It's about being prepared forthe unexpected.
Speaker 2 (08:08):
Right.
And then they have thisretirement planning checklist
that's designed to help youassess your overall financial
health.
It's like a financial checkupto see where you stand.
Speaker 1 (08:18):
I love that analogy.
It makes it sound lessintimidating and more like a
routine health check.
Speaker 2 (08:22):
Exactly, and they say it's both easy to use and
comprehensive.
So you get a clear picturewithout feeling overwhelmed.
Speaker 1 (08:28):
That's a delicate balance to strike, but it sounds
like they've pulled it off.
Okay, what other resources dothey mention in this article?
Speaker 2 (08:34):
They have a selection of in-depth guides, each taking
about 15 minutes to read.
It's kind of like the tutorials, but in written format.
Speaker 1 (08:41):
So something for everyone, whether you prefer to
watch, listen or read.
Speaker 2 (08:45):
Right, and these guides cover a wide range of
topics including social securityplanning, understanding
inflation, managing health careand retirement annuities,
choosing a financial advisor andeven common financial mistakes
to avoid.
Speaker 1 (09:02):
It's like they've compiled a library of the most
common questions and concernspeople have about retirement
planning.
Speaker 2 (09:05):
And for those who want a more interactive learning
experience, they offerworkshops, both digital and in
person.
Speaker 1 (09:10):
Oh cool, that's great .
It caters to different learningstyles and preferences.
What do these workshops focuson?
Speaker 2 (09:16):
They provide firsthand learning from
experienced financial advisorsand address common questions
about retirement.
Speaker 1 (09:23):
It's like getting personalized guidance, but in a
group setting.
Speaker 2 (09:26):
Exactly.
Speaker 1 (09:27):
Now I know they also have a podcast.
What's that all about?
Speaker 2 (09:29):
Their podcast lineup is pretty diverse.
They have daily episodes withsaving and investing tips,
weekly call-in shows wherelisteners can get their
questions answered, and evenshows featuring personal
retirement stories.
Speaker 1 (09:41):
Oh, wow.
It's like a whole audio librarydedicated to retirement
planning.
That's a lot of options.
Speaker 2 (09:45):
And finally, for those who are looking for truly
personalized advice, they offera free introductory consultation
either by phone or video call.
Speaker 1 (09:54):
Oh, that's cool.
That's a great opportunity toget your questions answered by a
professional without anycommitment.
What happens during thisconsultation?
Speaker 2 (10:01):
You can basically ask the advisor anything about
retirement planning, investing,saving taxes, estate planning,
insurance you name it.
Speaker 1 (10:09):
So it's like a mini financial checkup.
Speaker 2 (10:11):
Exactly, and at the end of the consultation they
give you a seven personaldecision points report with
recommendations to help keepyour retirement plan on track.
Speaker 1 (10:19):
That's a nice takeaway.
It gives you something concreteto work with after the
consultation.
Speaker 2 (10:22):
Now shifting gears a bit.
Speaker 1 (10:24):
OK.
Speaker 2 (10:24):
Let's talk about the government provided resources
highlighted by USAGov.
Speaker 1 (10:29):
Okay.
Speaker 2 (10:29):
Their page on retirement planning tools offers
a different perspective.
Speaker 1 (10:34):
Okay, what does the government bring to the table?
I'm assuming it's all aboutreliability and unbiased
information.
Speaker 2 (10:40):
You got it.
And they start by recommendingtheir savings planning
worksheets, which are actuallyinteractive.
Speaker 1 (10:45):
Interactive.
That sounds more engaging thanjust a typical spreadsheet.
Speaker 2 (10:48):
Right.
These worksheets help you setsavings goals and timelines,
determine how much to save eachyear and even organize your
financial documents.
Speaker 1 (10:56):
It's like having a step-by-step guide to get your
financial house in order.
Speaker 2 (11:00):
And they also emphasize the importance of
planning for Social Securitybenefits.
Speaker 1 (11:04):
Right, that's a crucial part of retirement
planning for most people.
What specific tools do theyoffer for Social Security
planning?
Speaker 2 (11:11):
They encourage creating a my Social Security
account to get personalizedestimates, and they recommend
checking out Social Security'svarious benefit calculators.
These can help you figure outyour full retirement age
estimate benefits for a spouseand get a detailed projection of
your future benefits.
Speaker 1 (11:28):
MARK MIRCHANDANI.
That's super helpful,especially for couples planning
their retirement together.
It's important to have a clearpicture of what they can expect
from Social Security.
Speaker 2 (11:36):
MELANIE WARRICK, and USAGov also has this benefit
finder tool that can help youdiscover other government
retirement benefits you might beeligible for.
It's not just about SocialSecurity, it's about exploring
all your options.
Speaker 1 (11:47):
Yeah, that's a great reminder.
Sometimes we forget about allthe potential resources that are
available to us.
Speaker 2 (11:51):
Exactly Now.
For those who already have a401k or IRA, they recommend
checking if your retirementaccount provider offers any
planning tools.
You might already have accessto resources you're not even
aware of.
Speaker 1 (12:03):
That's a good point.
Sometimes the answer is rightin front of us.
Speaker 2 (12:06):
And finally, they have a cost of living comparison
tool.
This is great for anyoneconsidering relocating in
retirement.
It lets you compare the cost ofliving in your current home to
potential places you might moveto.
Speaker 1 (12:19):
That's crucial information.
Moving to a place with a lowercost of living can really
stretch your retirement savings.
Speaker 2 (12:25):
Yeah.
Speaker 1 (12:26):
So we've covered a lot of ground here.
We've seen how the government,financial institutions and even
specialized websites are allstepping up to offer a wide
range of resources forretirement planning.
Speaker 2 (12:37):
It's truly impressive how much information and
support is available these days,and it's a reminder that you
don't have to navigate thisjourney alone.
Speaker 1 (12:44):
Yeah.
Speaker 2 (12:44):
There are tools and experts ready to help you every
step of the way.
Speaker 1 (12:48):
Exactly.
And speaking of experts, let'scircle back to Bolden.
We touched on their panoramicapproach, but I'm curious to
delve deeper into their platformand see how they put this
approach into action.
Speaker 2 (13:00):
Absolutely.
Explore Bolden's tools andfeatures in more detail,
focusing on how they can helpyou create a truly personalized
retirement plan that takes allaspects of your financial life
into account.
Speaker 1 (13:12):
Day two.
Speaker 2 (13:12):
Welcome back.
So we're continuing our deepdive into retirement planning
websites, and this time we'rezeroing in on Bolden.
Speaker 1 (13:19):
All right, let's unpack what Bolden has to offer.
I remember that statistic theyshared people who plan do 2.7
times better financially Right,that really got my attention.
Speaker 2 (13:29):
It's a powerful message and it aligns perfectly
with Bolden's mission to empowerpeople to take control of their
financial futures.
Speaker 1 (13:36):
Yeah, and we talked about how they offer different
levels of support, DIY tools,classes and even access to
coaches and advisors.
Where should someone even beginwith all that?
Speaker 2 (13:45):
Well, remember that quote from one of their users.
The retirement planner gave methe confidence to retire three
years early.
Speaker 1 (13:51):
Oh yeah.
Speaker 2 (13:51):
That speaks volumes about how Bolden's tools can
translate into real life results.
Speaker 1 (13:56):
Yeah, it's inspiring to hear that sometimes financial
planning can feel so abstract,so it's great to see like
tangible outcomes like that.
Speaker 2 (14:02):
Absolutely.
And Bolden goes beyond justproviding information.
They talk about helping youvisualize your goals, balance
your priorities and make anearly start on your retirement
planning.
It's about shifting yourmindset from feeling overwhelmed
to feeling empowered.
Speaker 1 (14:18):
I love that.
It's about taking charge ofyour finances instead of letting
them control you.
Speaker 2 (14:22):
Right, and it's never too early or too late to start.
Bolden even cites a CFP boardsurvey that found 54 percent of
people who plan are more likelyto live comfortably in
retirement.
Speaker 1 (14:33):
OK, that's a compelling statistic.
It really highlights the linkbetween planning and financial
well-being.
Speaker 2 (14:38):
Now let's talk about some of the specific tools
Bolden offers.
Ok, they have a whole suite ofcalculators, starting with a
simple retirement calculator.
Speaker 1 (14:45):
OK.
Speaker 2 (14:46):
It tackles those basic questions like how much do
I need, what's my net worth,when can I retire and what's my
retirement income.
Speaker 1 (14:52):
So it's a good entry point for anyone who's just
dipping their toes intoretirement planning.
Speaker 2 (14:56):
Exactly, and then they have a lifetime annuity
calculator.
Annuities can be a bit complex,so this calculator can help you
explore that option and see ifit fits into your overall
retirement plan.
Speaker 1 (15:07):
Yeah, I've heard a lot about annuities lately, but
I'll admit I'm not entirely surehow they work or if they're
right for me.
Speaker 2 (15:13):
That's where a tool like this can be really helpful.
It can demystify some of thecomplexities and allow you to
make a more informed decision.
Speaker 1 (15:21):
Now I also noticed they have a FIRE retirement
calculator.
What exactly is FIRE retirement?
Speaker 2 (15:26):
FIRE stands for Financial Independence.
Retire Early.
It's a movement that's gainingpopularity, especially among
younger generations.
It's all about savingaggressively and investing
strategically so you can retireearlier than traditional
retirement age.
Speaker 1 (15:40):
Oh, OK.
So it's about taking control ofyour time and your finances,
not just waiting for thatarbitrary retirement age to roll
around.
Speaker 2 (15:47):
Exactly, and Bolden recognizes that there's no one
size fits all approach toretirement planning.
That's why they offercalculators tailored to
different goals and strategies.
Speaker 1 (15:56):
That makes sense.
Now, beyond the calculators,bolden also offers personalized
support through classes, groupsand coaching.
What can you tell me abouttheir classes?
Speaker 2 (16:05):
Their website doesn't list specific class titles, but
they do have a blog theydescribe as your Guide to
Financial Planning andRetirement.
I think the blog can give ussome clues about the topics they
cover in their classes.
Speaker 1 (16:17):
Okay, let's explore that.
What are some of the blogcategories?
Speaker 2 (16:20):
Well, they have categories for financial
wellness, retirement planning,estate planning and taxes.
Those seem like fundamentalareas to cover.
Speaker 1 (16:28):
Yeah, those are definitely essential building
blocks for any solid financialplan.
Speaker 2 (16:32):
And they go deeper into specific areas, with
categories like saving andinvesting, budgeting and
spending burning, retirementincome, social security,
retirement jobs and pensions.
Speaker 1 (16:43):
Wow, they really cover the whole spectrum.
It's like a financialencyclopedia for retirement
planning.
Speaker 2 (16:46):
They also have categories for home and real
estate, debt insurance and evenlifestyle.
Speaker 1 (16:51):
Lifestyle.
That's interesting.
What do they cover in thatcategory?
Speaker 2 (16:54):
They have subcategories like happy
retirement, family andrelationships, aging well and
your time.
It seems like they'rerecognizing that retirement is
not just about money.
It's about living a fulfillinglife.
Speaker 1 (17:06):
Yeah, that's a really important point.
It's about using your time andresources to pursue your
passions, spend time with lovedones and make the most of this
new chapter in your life.
Speaker 2 (17:16):
Absolutely, and Bolden seems to be acknowledging
that by incorporating lifestyleconsiderations into their
financial planning platform.
Speaker 1 (17:23):
Now, beyond the blog and the classes, they also have
this community aspect to theirplatform.
I'm curious to hear more aboutthat.
Speaker 2 (17:30):
They encourage you to connect with peers and experts
through their podcast classesand groups.
They also invite you to connectwith them on social media
platforms like Facebook,instagram, linkedin and Reddit.
Speaker 1 (17:41):
So it's about creating a sense of community
and shared purpose aroundfinancial planning.
Speaker 2 (17:44):
Exactly.
You can learn from others,share your experiences and get
inspiration from people who aregoing through similar challenges
and triumphs.
Speaker 1 (17:51):
It's like having a support system for your
retirement planning journey.
Speaker 2 (17:55):
Now we talked a lot about what Bolden offers, but
I'm curious to hear your overallimpression of their approach.
What stands out to you?
Speaker 1 (18:02):
Well, I think what's really compelling is their
emphasis on personalization andempowerment.
They're not just giving yougeneric advice.
They're providing the tools andsupport to create a plan that's
tailored to your unique goalsand circumstances.
Speaker 2 (18:17):
I agree, and they're meeting people where they are
offering different levels ofsupport to match different
comfort levels and needs.
Speaker 1 (18:23):
Whether you're a DIYer who wants to take charge
of your own planning, or someonewho prefers more guidance,
bolden seems to have an optionfor you.
Speaker 2 (18:31):
Right and their panoramic approach.
Considering all aspects of yourfinancial life is refreshing.
It's about seeing the bigpicture and understanding how
all the pieces fit together.
Speaker 1 (18:40):
Now, I know Bolden is all about providing
comprehensive resources, butthey also acknowledge their
limitations.
They have a disclaimer on theirwebsite stating that their
content, calculators and toolsare for informational and
educational purposes only andare not investment advice.
Speaker 2 (18:54):
That's a responsible disclaimer.
It's a reminder that thesetools can be incredibly helpful,
but they shouldn't replace theadvice of a qualified financial
advisor.
Speaker 1 (19:03):
Especially if you have complex financial needs or
are unsure about certain aspectsof retirement planning, it's
always a good idea to consultwith a professional.
Speaker 2 (19:12):
And Bolden seems to recognize that offering access
to coaches and advisors as partof their platform.
Speaker 1 (19:19):
It's about providing a range of support options so
people can find the level ofguidance that's right for them.
Speaker 2 (19:25):
Okay, as we move towards wrapping up our
exploration of Bolden, I'd liketo transition to the other
resources in this stack ofarticles.
We have retirement planningresources from Allworth
Financial and RetirementPlanning Tools from USAGov.
I'm curious to see how theirapproach is compared to Bolden's
.
Speaker 1 (19:41):
Marc Thiessen Sounds good.
Let's see what they have tooffer.
Speaker 2 (19:43):
Danielle Pletka.
Okay, so we're back and readyto wrap up our deep dive into
these retirement planningwebsites.
Speaker 1 (19:48):
Yeah, we've seen a lot of different approaches.
Speaker 2 (19:50):
Yeah, we've explored a lot of ground, right from the
government resources to thesepersonalized planning platforms.
Speaker 1 (19:57):
And we've seen this clear shift towards, like,
personalization and empoweringtools.
Speaker 2 (20:02):
Definitely.
It's not just about genericadvice anymore.
It's all about finding theresources and strategies that
align with like your uniquegoals and circumstances.
Speaker 1 (20:10):
Exactly Now.
Before we wrap things upcompletely, I want to circle
back to those articles fromAllworth Financial and US Erica.
Ok, we touched on them earlier,yeah, but I think it's worth
comparing their approaches towhat we've seen from Bolden.
Speaker 2 (20:22):
Yeah, that's a good idea.
It'll give us a broaderperspective, I think, on all the
different philosophies andstrategies that are out there.
Speaker 1 (20:29):
Right.
So, starting with AllworthFinancial, their retirement
planning resources Articlehighlighted a range of tools and
content formats.
They had that like simpleretirement calculator, short
tutorials, a retirement planningchecklist in-.
They had that like simpleretirement calculator, short
tutorials, a retirement planningchecklist, in-depth guides,
workshops, a podcast and evenlike free consultations with
advisors.
Speaker 2 (20:49):
Wow, it's impressive how much they pack into just
like one section of theirwebsite.
Speaker 1 (20:53):
It's a lot right.
It seems like they're reallytrying to cater to different
learning styles and preferences,offering something for everyone
.
Speaker 2 (21:00):
Absolutely.
They seem to understand thatpeople approach financial
planning in different ways.
Some people just want like aquick overview and other people
want to dive deep into specifictopics.
Speaker 1 (21:10):
Right, and they offer different levels of engagement
too, from like passive learningthrough their blog and podcast
to more interactive experienceslike workshops and consultations
.
Speaker 2 (21:20):
Yeah, for sure they're meeting people where
they are on their financialjourney.
Speaker 1 (21:24):
Exactly Now.
Compared to Bolden's panoramicapproach, allworth Financial
seems to be more focused onproviding a comprehensive
library of resources andguidance.
Speaker 2 (21:35):
Yeah, that's a good distinction.
They're equipping you with theknowledge and tools you need to
make informed decisions, butthey're not necessarily like
creating a personalized plan foryou.
Speaker 1 (21:44):
That's a good point.
Yeah, they're empowering you totake ownership of your
retirement planning but, they'renot holding your hand through
the process.
Exactly Okay.
Speaker 2 (21:51):
Now shifting gears to USAGov.
Their approach is quitedifferent.
Their retirement planning toolspage focuses on providing
reliable and unbiasedinformation from the government.
Speaker 1 (22:01):
Right and they highlighted those interactive
savings planning worksheets,resources for planning Social
Security benefits, a benefitfinder tool to explore other
government programs and even acost of living comparison tool.
Speaker 2 (22:14):
Yeah.
Speaker 1 (22:14):
It's clear that they're prioritizing access to
accurate information andessential planning tools,
especially those that arerelated to like government
programs For sure, and they seemto be targeting a wider
audience, not just those who arelike actively planning for
retirement.
Speaker 2 (22:30):
Yeah, like they're also addressing people who are
maybe just starting to thinkabout retirement or those who
might need assistance with likespecific aspects of their plan.
Speaker 1 (22:38):
So if we were to place these three approaches on
a spectrum, usagov would be onone end, providing that like
foundational information andtools, while Bolden would be on
the other end, offering like ahighly personalized and
comprehensive planningexperience.
Speaker 2 (22:53):
Yeah, and Allworth Financial would probably fall
somewhere in the middle,offering like a blend of
educational resources andpersonalized guidance.
Speaker 1 (23:00):
Right.
It's fascinating to see howthese different approaches
actually complement each other,catering to a diverse range of
needs and preferences.
Speaker 2 (23:08):
Definitely.
It really highlights theabundance of resources that are
out there these days to helppeople plan for a secure and
fulfilling retirement.
Speaker 1 (23:17):
It really does Now, as we wrap up this whole deep
dive, yeah.
I want to leave you with afinal thought.
Speaker 2 (23:22):
Okay, I'm listening.
Speaker 1 (23:23):
We've seen how technology is transforming
retirement planning.
Speaker 2 (23:26):
Yeah.
Speaker 1 (23:27):
Like.
It's more accessible, it's morepersonalized and it's more
engaging than ever before.
Speaker 2 (23:32):
It's true.
It's remarkable how far we'vecome from, like just relying
solely on financial advisors andthose like static spreadsheets.
Speaker 1 (23:40):
Exactly.
But amidst all this innovation,it's important to remember that
technology is just a tool.
Speaker 2 (23:46):
That's right.
Speaker 1 (23:47):
The real power lies in your hands, you know.
Speaker 2 (23:49):
It does.
Speaker 1 (23:49):
It's about taking the time to educate yourself,
explore your options and makeinformed decisions that align
with your values and aspirations.
Speaker 2 (23:57):
Couldn't agree more.
Speaker 1 (23:58):
And it's about recognizing that retirement
planning isn't just a one-timeevent.
Speaker 2 (24:01):
Yeah.
Speaker 1 (24:01):
It's an ongoing journey, a journey that requires
attention, adjustments and awillingness to adapt to changing
circumstances.
Speaker 2 (24:10):
That it's a journey worth taking.
Speaker 1 (24:12):
Oh, it absolutely is, because a well-planned
retirement isn't just aboutfinancial security.
It's about freedom, fulfillmentand the opportunity to live
life on your own terms.
Speaker 2 (24:20):
That's a powerful message to end on.
Speaker 1 (24:23):
So to all our listeners out there, embrace the
journey.
Speaker 2 (24:26):
Explore the resources that are available to you.
Speaker 1 (24:28):
And create a retirement plan that reflects
your dreams and aspirations.
Speaker 2 (24:32):
That's it for this deep dive.
Thanks for joining us.
Speaker 1 (24:34):
Until next time, keep exploring and keep learning.
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