What to Do When Your Retirement Plan’s Chance of Success Falls

Your retirement plan says you have an 85% chance of success. A year later you update your numbers, and it says 75%. Do you need to do anything? A viewer asked me that, and in this video I answer it with Boldin's Spending Guardrails feature, plus two extra plans I use to stress test my own retirement.

Resources mentioned in the video:

Boldin (the retirement planner in this video; I'm an affiliate, they are not a sponsor): https://go.robberger.com/boldin/yt-success-rate-falls

How Boldin's Spending Guardrails work: https://help.boldin.com/en/articles/12571086-new-feature-spending-guardrails-insight

Boldin's Detailed Budgeter (necessary vs. nice-to-have spending): https://help.boldin.com/en/articles/6488387-how-can-the-detailed-budgeter-help-me-strengthen-my-plan

ProjectionLab (also mentioned; I'm an affiliate, they are not a sponsor): https://go.robberger.com/projectionlab/yt-success-rate-falls

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https://go.robberger.com/boldin/yt-

*I used Capitalize for my last 401(k) rollover. They did all of the work, and it's Free:*
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#retirement #investing #robberger

0:00 85% today, 75% next year: now what?
1:10 Why your chance of success changes
2:09 Boldin's Spending Guardrails
3:36 Safe spending target vs. planned spend
5:54 The guardrails: 70% and 95%
7:45 85% to 75%: Boldin says no change
8:32 Two more plans (Boldin scenarios)
9:16 The essential spending plan
11:59 Using the essential plan to decide
12:36 My 2005 doomsday fund
13:47 Building a doomsday plan in Boldin
16:26 Why I'm OK with 75%

ABOUT ME

While still working as a trial attorney in the securities field, I started writing about personal finance and investing In 2007. In 2013 I started the Doughroller Money Podcast, which has been downloaded millions of times. I've since sold my websites, bought them back, and started a new website and this YouTube channel.

I'm also the author of Retire Before Mom and Dad--The Simple Numbers Behind a Lifetime of Financial Freedom (https://amzn.to/3by10EE)

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DISCLAIMER: I am not a financial adviser. These videos are for educational purposes only. Investing of any kind involves risk. Your investment and other financial decisions are solely your responsibility. It is imperative that you conduct your own research and seek professional advice as necessary. I am merely sharing my opinions.

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