Boldin allows users to create scenarios for comparing the impacts of various planned actions on their financial plan. However, it is essential to understand which features and data are shared across scenarios and which require manual updates. Additionally, limitations such as the inability to have multiple subscriptions per account are important to note.
When you build a plan with Boldin it will only have one scenario and you may add up to 9 additional scenarios. You may re- assign a new scenario as your baseline, however you must always have one baseline scenario. If you would like to delete all of your data and go through the initial onboarding process again, please send a message to the Services Team and they will reset your plan for you.
My Plan > Accounts and Assets
Which fields are shared in Accounts?
Account Name
Account Type
Current Balance
Tax Treatment
Cost Basis
Account Turnover Rate
You may change the rate of return assumptions by scenario.
Because account balances are shared across scenarios, when you make a change to an account in one scenario, the change will be reflected in all scenarios. This includes retirement accounts, tax-advantaged accounts, and after-tax accounts. If you wish to adjust account balances across scenarios, it is recommended to model a disbursement in specific scenarios where a reduced balance is desired. Mark these disbursements as "Deductible" to avoid tax implications.
If you would like to reduce the balance of any of your accounts in a scenario, we suggest modeling a Disbursement and selecting "Deductible."
My Plan > Home and Real Estate
Which fields are shared in Primary Residence?
You may change the rent, mortgage payment, and interest rate by scenario
All other selections related to your primary residence carry across all scenarios
Which fields are shared in Other Owned Real Estate?
Name
Current Value
Mortgage Balance
You may change the mortgage payment and interest rate by scenario
My Plan > Debts
Which fields are shared in Debts?
Account Name
Type of Debt
Amount
Interest Rate
You may change the monthly payment assumption by scenario
My Plan > Income
Which fields are shared in Work? None
You may change income streams, amounts, start and end dates, growth
Which fields are shared in Social security? None
You may change Full Retirement Age benefit, claiming age, and COLA
Which fields are shared in Pension? None
You may change income streams, amounts, start and end dates, and COLAs
Which fields are shared in Annuity? None
You may change pension types (monthly or lump sum), income streams, amounts, start and end dates, and COLAs
Which fields are shared in Windfalls and Passive Income? None
My Plan > Expenses and HealthCare
None are shared
My Plan > Money Flows
Which fields are shared in Money Flows? None
My Plan > Estate Planning
Your documents are shared but the legacy goal is not shared across scenarios
My Plan > Profile and Goals
Which fields are shared in Basic Info?
Marital status and spouse information are synchronized across all scenarios. If modeling for a single user, adjustments to longevity age and related variables can be made per scenario.
Having a spouse and their birthdate
You may change retirement and longevity dates by scenario
My Plan > Rate Assumptions
None are shared
Tips for Effective Scenario Management
Regularly update your Baseline Plan to serve as an accurate foundation for new scenarios.
Leverage the ability to adjust scenario-specific rates (e.g., mortgage rates) to model various outcomes.
Use simulated disbursements strategically to manage balance changes effectively.
FAQs on Scenarios
Can I have multiple plans within Boldin?
No, Boldin limits users to one plan per subscription. The software allows creating multiple scenarios within the single plan to analyze various future actions.
Why do scenarios always share data with the Baseline Plan?
This ensures synchronization between the master plan and its scenarios, maintaining consistency and enabling meaningful comparisons.
Interaction Between Baseline Plans and Scenarios
Information within the Baseline Plan—the master plan—is shared across all scenarios. If a change is made to the Baseline Plan, it reflects in related scenarios and vice versa. This synchronization underscores the interconnected nature of scenarios and the Baseline Plan within the Boldin ecosystem. Users should ensure deliberate updates to the Baseline Plan to avoid unintended modifications in scenarios. Boldin users are restricted to one plan per subscription, with scenarios serving as the primary method for comparative analysis.