Boldin Tables: Defining how withdrawals are labeled
There are 3 terms used for savings withdrawals:
Net Savings Drawdowns is a net figure shown only in the Lifetime Income Projection Insight. It represents the true reduction in account balances for the year after accounting for all income and withdrawals.
Savings Drawdown is not a net figure. It reflects total withdrawals taken during a given year, including withdrawals used to cover income shortfalls, fund one-time expenses, purchase annuities or real estate, or make lump-sum debt payments. Because excess income later in the year may offset earlier withdrawals, this figure does not necessarily represent the actual reduction in account balances.
Shortfall Withdrawal is also not a net figure and a specific subset of savings drawdowns. It includes withdrawals used to fund monthly expenses, events, and taxes in months when cumulative income up to and including that month is insufficient to fully cover expenses. The planner nets any excess income saved later in the year against these withdrawals to calculate the true annual reduction in account balances, which is reflected in Net Savings Drawdowns.
Identifying withdrawals in Boldin's Insights
My Plan > Money Flows > Withdrawals by Type
This chart includes outflows from all accounts when they do not result in a deposit into another account.
RMDs are always represented even when reinvested.
One-Time-Expenses from withdrawal order will be aggregated with shortfall withdrawals on this chart.
Only One-Time-Expenses from specific accounts will be displayed separately, they are aggregated with real estate purchases, annuity purchases etc. and labeled One-Time.
My Plan > Money Flows > Withdrawals by Account
This chart includes outflows from all accounts when they do not result in a deposit into another account.
One-Time-Expenses from withdrawal order will be aggregated with shortfall withdrawals on this chart.
One-Time Expense from specific accounts will be displayed separately and labeled One-Time Expense.
Insight > Lifetime Income Projection
This chart includes outflows from all accounts when they result in an annual reduction in savings balances.
Savings drawdowns are aggregated and labeled “Net Savings Drawdown” on this chart.
“Net Savings Drawdown” may differ from annual shortfalls due to the timing od saved excess income which is calculated annuually.
Insight > Retirement Withdrawals
This chart includes outflows from all accounts when they do not result in a deposit into another account.
RMDs are always represented even when reinvested.
One-Time-Expenses from withdrawal order will be aggregated with shortfalls on this chart.
Only One-Time-Expenses from specific accounts will be displayed separately as One-Time Expense.
Insight > Income & Expenses > Savings Drawdowns
All savings drawdowns (shortfall withdrawals, real estate purchases, annuity purchases, and One-Time Expenses) are aggregated and labeled “Savings Drawdown” on this chart.
Insight > Savings > Savings Drawdowns and Transfers
This chart includes outflows from all accounts, even when they result in a deposit into another account as in the case with a Transfer or Roth Conversion.
One-Time-Expenses from withdrawal order will be aggregated with shortfall withdrawals on this chart.
Only One-Time-Expenses from specific accounts will be displayed separately as One-Time Expense.
Insight > Taxes > Gross Taxable Income by Source
All savings drawdowns which are taxed at ordinary income tax rates are aggregated and labeled “Savings Drawdown” on this chart.