What is Estimated Spending?
Spending changes over time, maybe more in early retirement for travel, and less later on. Estimated Spending helps you map out those stages so your plan stays realistic.
Instead of entering exact dollar amounts, just choose how your spending might change, much more, a little more, about the same, or less. We’ll handle the math for you.
Why choose Estimated Spending?
Simple setup your plan with your baseline income for each user
Adjust your spending up or down as retirement progresses
Add a custom stage if you’d like
Refine the details later with Basic or Detailed setup
How to Use Estimated Spending
Navigate to My Plan > Expenses and Healthcare > Recurring Expenses and select Estimated Spending. We’ll use your current income as the starting point for your estimated spending in the future
Case Study
Watch this video to see how John and Sarah got started on the path to financial security with Boldin’s Estimated Expenses.
Technical Details
What expenses are included:
Estimated Expenses do not include Home and Real Estate, Debt, Healthcare and Taxes. These are handled in separate areas of the software.
What are the increase and reduction amounts?
Same as today: 100%
A little more: 110%
A little less: 90%
Much less: 80%
How are the stages determined?
Each era is one third of the period from retirement age through longevity age.