Links to YouTube videos:
Boldin ($144/yr.), previous known as NewRetirement, and ProjectionLab ($109/yr.) are financial and tax simulators for the general public (nonprofessionals). These web-based tools provide long-term projections and what-if scenarios for do-it-yourself financial planning. They are both excellent. Some professional financial planners I've seen on YouTube use RightCapital ($210/mo.).
Boldin vs ProjectionLab: Boldin edges out ProjectionLab for its Roth Conversion Explorer and ProjectionLab edges out Boldin for its more "sticky" feature, meaning you can track the past performance of your portfolio as you update it. I would pick Boldin unless Cristina and/or Julie begin using ProjectionLab and you consult each other.
| Boldin is Better for: | ProjectionLab is Better for: |
|---|---|
| Beginner-Friendly Interface | Steeper Learning Curve |
| Tailored Life Recommendations | Highly Custom Simulation Tools |
| Clean, Modern Dashboard | Data-Dense Visual Layers |
| Social Security Filing Ages Break Even Points | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| 63 | 64 | 65 | 66 | 67 | 68 | 69 | 70 | ||
| 62 | 77 | 76 | 77 | 77 | 78 | 78 | 79 | 80 | |
| 63 | 75 | 77 | 77 | 78 | 79 | 79 | 80 | ||
| 64 | 78 | 79 | 79 | 79 | 80 | 81 | |||
| 65 | 79 | 79 | 80 | 81 | 82 | ||||
| 66 | 79 | 80 | 81 | 82 | |||||
| 67 | 81 | 82 | 83 | ||||||
| 68 | 83 | 84 | |||||||
| 69 | 85 | ||||||||
To use the chart, select your first filing age decision on the left, then move right to the second filing age you’re considering. If you were choosing between age 63 and 66, for example, the break even point is age 77. Between age 65 and age 70, the break even point is 82.