Survey Links Regular Financial Planning to Retirement Confidence Among Wealthy Americans

A recent survey conducted by financial confidence company Boldin reveals that Americans who actively manage their financial plans demonstrate remarkable confidence about maintaining wealth through their retirement years. The survey polled more than 1,000 financially savvy Americans who all manage their own financial plans using Boldin's platform, with respondents evenly split between retirees and those planning for retirement.

The findings show that 99% of both retirees and retirement planners conduct year-end financial planning, with a majority reviewing their plans multiple times throughout the year. This regular engagement with financial planning appears to yield significant confidence benefits, as 92% of respondents reported that annual or more frequent reflection on their big-picture financial goals and progress toward them significantly increases their confidence.

Notably, nearly 80% of retirement planners complete end-of-year planning activities specifically to increase confidence in their plan, while less than half said they do so primarily to build more wealth over time. This suggests that for many financially engaged individuals, psychological assurance may be as important as financial accumulation when it comes to retirement planning.

The survey population consisted largely of high-net-worth individuals, with 70% reporting assets ranging from $1 million to $5 million. Despite their current wealth levels, the majority of respondents across all wealth bands anticipate having the same or more money at their longevity than they have today. This forward-looking optimism among those who actively manage their finances suggests their approach may be worth emulating by others seeking financial security.

Boldin's approach to financial planning combines technology with human support, as demonstrated through their Retirement Planning software that enables users to manage their own retirement plans independently or with support from Boldin's coaches and online classes. For those seeking more personalized guidance, the company offers fee-based advice from CFP® professionals through Boldin Advisors. To date, more than 450,000 people have used Boldin to create financial plans and build confidence in their financial decision-making.

The survey results highlight the connection between regular financial review and confidence about long-term financial security, particularly as Americans navigate retirement planning in an uncertain economic environment. The findings suggest that consistent engagement with financial planning, rather than occasional attention, may be key to developing the confidence needed to face retirement with financial assurance.