Boldin Survey Shows High Confidence Among End-of-Year Financial Planners

A recent survey conducted by Boldin, the financial confidence company, provides insights into the planning habits of financially savvy Americans. The company polled more than 1,000 individuals who manage their own financial plans using Boldin's tools to understand why they engage in year-end financial planning and what others might learn from their approach. The survey respondents were evenly split between retirees (51%) and those still planning for retirement (49%), with the majority being high-net-worth individuals. Specifically, 70% reported assets ranging from $1 million to $5 million.

The survey's key findings highlight the importance of regular financial review. Among both retirees and retirement planners surveyed, 99% conduct year-end planning, and a majority review their plan multiple times throughout the year. This consistent engagement appears to bolster confidence, as nine out of ten (92%) respondents said that annual or more frequent reflection on their big-picture financial goals and progress towards them significantly increases their confidence. For retirement planners, nearly 80% complete end-of-year planning activities primarily to increase confidence in their plan, while less than half (43%) said they do so to build more wealth over time.

Perhaps the most striking result is the long-term outlook of these planners. Across all current wealth bands, the majority of respondents anticipate having the same or more money at their longevity than they have today. This suggests that their systematic, confidence-focused approach to financial management is effective and worth emulating by others seeking financial security. The findings underscore the value of tools and resources that support independent financial planning, such as those offered by Boldin through its Retirement Planning software, which enables users to manage their own retirement plans independently or with support.

The implications of this survey are significant for the broader financial industry and individual investors. It demonstrates that confidence in one's financial future is closely tied to proactive, regular planning rather than merely accumulating assets. For the financial technology sector, it validates the demand for accessible planning tools that empower users. Boldin's platform, which includes access to coaches, online classes, and fee-based, personalized advice from CFP® professionals at Boldin Advisors, aligns with this need. To date, more than 450,000 people have used Boldin to create a plan and build confidence for smarter financial decisions.

For readers, the survey offers a actionable insight: adopting a habit of year-end financial review, focused on goals and confidence, may lead to greater long-term financial assurance. In an era of economic uncertainty, such practices could help individuals navigate retirement with more stability and optimism, potentially influencing broader trends in personal finance management and retirement readiness.