We’re proud to share that Boldin has been named a Top Innovator in the Prospering in Longevity Challenge by UpLink, the open innovation platform of the World Economic Forum.
By 2050, the global population over 65 is expected to double to 1.6 billion, bringing significant health and wealth challenges for our planet. Manulife partnered with the World Economic Forum and UpLink on this challenge to identify accessible solutions that will help people worldwide live longer, healthier, and more financially resilient lives.
At Boldin, our mission is to help people build financial confidence by democratizing access to financial planning tools. Our core self-directed tools and resources have been available for free since our company’s founding, and we offer transparent, affordable pricing on our premium version, making it possible for anyone to plan for their financial future. Our goal is to help millions more people model scenarios and manage income accumulation and decumulation through our powerful, easy-to-use platform. We’re proud of what we are building and are appreciative of UpLink’s recognition.
Read the Official Announcement to learn more about the companies who’ve been selected alongside Boldin and how they are working to solve the challenges of preventative healthcare and financial well-being.
Democratizing Financial Planning
The Boldin Retirement Planner democratizes financial planning by making high-quality financial tools accessible, transparent, and user-friendly. The tools empower individuals with financial confidence across all income and financial literacy levels.
Here’s how:
Affordable Access to Professional-Level Tools
Not everyone can afford the services of a professional financial advisor. However, everyone deserves the financial well-being that high-quality advice can deliver.
Boldin harnesses technology and offers cost-effective ($120 after a FREE 14-day trial) access to software that does more than the professional-level tools used by advisors. We also provide a free platform that is more limited than the premium version, but far more robust than a retirement calculator. These tools put advanced planning features into the hands of a wide audience.
As one user recently said, “This is more compelling than what I get from my financial advisor and a whole lot less expensive.”
Transparent and Aligned Business Model
Traditional financial services often prioritize high-net-worth individuals, with complex processes that can alienate the average consumer. And, according to recent research, the global financial services market is massive – likely to reach $33.54 trillion by 2024, growing at a rate of 7.7% from the previous year. That is a lot of wealth that is not in the pockets of regular people.
Boldin operates on a transparent business model with clear pricing and no hidden fees. Users know what they’re paying for and what value they’re getting, fostering trust.
Holistic, People-First Planning
Boldin offers a holistic approach to financial planning, which is essential for creating a well-rounded, secure financial future.
While savings and investments are critical, they are only one part of a person’s financial journey. In fact, most people’s wealth is derived from the value of their homes rather than their retirement accounts. And, there are various life events—such as paying off debt, raising a family, and planning for healthcare and retirement—that require thoughtful financial planning.
Boldin is easy to use and reflects a people-first approach by prioritizing the user’s goals, resources, values and priorities.
Personalized Insights
The Boldin Retirement Planner provides deeply personalized insights. You can think of the tool as being a playground for your financial life, enabling you to learn about the impact of any financial decision against the backdrop of your situation.
Another recent Boldin user said, “I had started to construct an Excel model and gave up. Boldin does everything I had hoped to do with my own model and much much more that I had not considered. The software is complex enough to do everything I need but also simple enough to allow me to manage it without significant outside help.”
Meaningful Education
Boldin offers educational resources, step-by-step guides, and insights to help users develop financial literacy and independence. We provide guidance throughout the planning process and users get useful newsletters, access to an in-depth help center, and in-app messaging with our support team.
Our daily classes help people get started with the tool and recorded classes are available for people who want a deeper understanding of financial planning concepts.
We also provide coaching and fee-only fiduciary financial advice for those who want professional reassurance.
Informed Decision Making
You don’t need to call up a financial advisor to make an informed decision about your money. The Boldin Retirement Planner enables you to run any “what if” scenario and compare your financial outcomes across many financial wellness metrics.
Most people make financial decisions based on their gut or quick mental arithmetic. However, research into behavioral finance has revealed that these tactics often result in exactly the wrong actions. The Boldin Retirement Planner enables anyone to see the short- and long-term math on any financial decision – when to retire, if you can afford a vacation, how much home can you afford, and more.
More Confidence and Better Outcomes
People with a financial plan feel more confident about their financial situation and they do better with their money.
Boldin Represents a Seismic Shift for Financial Services
Boldin is changing the way the industry and – more importantly – regular people think about financial services.
If you are part of this change as a user or another UpLink winner, we are proud to stand with you in the quest to improve the financial well-being of anyone interested in doing better.
About UpLink and the Prospering in Longevity Challenge
UpLink exists to help unlock an entrepreneurial revolution to accelerate positive change for people and the planet through innovation. The organization’s efforts focus on creating bridges within the innovation ecosystem, for entrepreneurs to connect to the investors, corporate partners, experts and other organizations they need to scale.UpLink’s Innovation Challenges invite entrepreneurs to submit solutions to the issues outlined in the UN’s Sustainable Development Goals. The Prospering in Longevity Challenge called for solutions that promote preventative healthcare and financial well-being, enabling people from all generations to thrive and enjoy a financially resilient and long, fulfilling life. To learn more about UpLink, visit https://uplink.weforum.org/.
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