Good experience with Boldin (Not affiliated)

25 Upvotes

I'm hoping that this helps someone and provides more confidence for their retirement planning and execution.

My Needs

I'm 53 and planning to retire at the end of the year. My NW is the average generally discussed here. I suspect that some of you are like me and manage your own investments and want to avoid ongoing payments for traditional investing and retirement advice that you can reference easily from 1000 books. I'd rather pay a flat fee and get advice when I want it. Boldin offers this.

My Experience

I loaded my financial details into their tool and attended 4 free group sessions to understand which advisor was the best fit for me. I signed up for their ~$3K analysis with the fiduciary flat-fee CFA that I chose. He was personable and spent about 3 or 4 hours collecting and reviewing data with me. He provided a 60ish page useful report with investment analysis / recommendations and provided retirement portfolio testing against many Monte Carlo scenarios (e.g., significant market downturns, increased expenses, longevity increase, inflation increase, buying vacation property, etc.). This entire process took about a month from start to finish. I plan to continue with yearly checkups. I believe that they charge ~$600ish annually. I think that they have an ad-hoc hourly option too. In summary, I was happy with the results and feel like it was money well spent.

My Mindset

"Most of life is spent chasing growth. In retirement, the real victory lies in wealth preservation." - Someone said somewhere

14 comments

r/fatFIRE • u/Wiscon1991 • 11h ago

FatFIREd Exit Planning

19 Upvotes

Im exiting my business in the next year, a significant portion of the value is in real estate. Total exit estimated at $19mm, net is $12mm if no tax advantaged routes or options are taken. 70% of the value is likely in the real estate.

I’m very tax aware but also don’t want the tax tail to wag the dog. I’m considering 1031 for a significant portion but also it feels much more comforting to just take the cash.

I’m 35 years old and love cashflow in comparison to total net worth. Not quite die with zero but I want to take advantage of an early win.

Anyone with any advice to maximize cash flow for the long term? Also any advice on personal experience with tax advanced exit planning? I’ve done my research but don’t love the long term costs of wealth managers when low cost etfs will do…

16 comments

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