NewRetirement vs MaxiFi 2025: Which one is worthwhile?
Disclosure
This page may contain affiliate links. This means we earn a small commission (at no additional cost to you) if you purchase a product through our links. Are you ready to take control of your financial future but unsure which planning tool to choose? In the world of financial planning, NewRetirement and MaxiFi stand out as two leading options, each offering unique features to help you achieve a sustainable living standard throughout your retirement.
This article compares NewRetirement vs MaxiFi, focusing on how these tools can assist you in managing your lifetime discretionary spending, planning for various stages of life, and preparing for future returns.
Keep reading as I help you to discover how these powerful tools can help you create a solid plan for your retirement and determine which one is the best fit for your needs.
| NewRetirement is Better for: | MaxiFi is Better for: |
| Detailed retirement calculators | Planning for future income |
| Easy to understand financial plan | Simulating the standard of living |
| Personal capital projection | Assessing annual income requirement |
| Social security optimization | Ensuring financial independence |
An Introduction To The Financial Planners
NewRetirement
Planning for a secure future requires the right tools and insights. NewRetirement, a major player in the retirement planning arena, is geared towards offering tools and resources to help users prepare for a comfortable retirement.
It provides easy-to-use retirement calculators, personal capital insights, and optimal Social Security claiming strategies. To understand NewRetirement better, you can check out my full review here.
MaxiFi
MaxiFi, on the other hand, specializes in financial independence and future income planning. The platform emphasizes preserving your standard of living and assessing annual income requirements. While it boasts numerous features, its complexity may act as a roadblock for some users.
 |  | |
| Service Type | Retirement Planning Tool | Retirement Planning Tool |
| Retirement Calculators | Comprehensive | More complex |
| Financial Plan | Clear and detailed | Less user-friendly |
| Customer Support | Those looking for detailed calculators and social security optimization | Those focusing on future income and maintaining standard of living |
| Current Promotion | Get 20% off on PlannerPlus with Limited Time Black Friday Sale! | |
| Modest Money Overall Rating |
| |
| Service Type | Retirement Planning Tool |
| Retirement Calculators | Comprehensive |
| Financial Plan | Clear and detailed |
| Customer Support | Those looking for detailed calculators and social security optimization |
| Current Promotion | Get 20% off on PlannerPlus with Limited Time Black Friday Sale! |
| Modest Money Overall Rating |
| |
| Service Type | Retirement Planning Tool |
| Retirement Calculators | More complex |
| Financial Plan | Less user-friendly |
| Customer Support | Those focusing on future income and maintaining standard of living |
| Current Promotion | |
| Modest Money Overall Rating |
NewRetirement vs MaxiFi: The Scorecard
We will get into the details of each of these factors below, but for your reference, here is a quick look at how NewRetirement and MaxiFi stack up in the 4 categories I explored:
| Factor | Winner | NewRetirement | MaxiFi |
| Retirement Calculators | NewRetirement | Comprehensive calculators with detailed insights into retirement income, savings, and expenses. | Features complex calculators for future income simulation and standard of living assessment. |
| Financial Plan | NewRetirement | Detailed, user-friendly plan with visual roadmaps and simulated scenarios. | Comprehensive but less user-friendly, focusing on consumption and savings optimization. |
| Social Security Optimization | NewRetirement | Effective optimization with tailored strategies to maximize benefits. | Incorporates Social Security but offers limited specific optimization. |
| Pricing | NewRetirement | Offers a free Basic plan and a PlannerPlus plan at $120 per year. | Standard plan at $109 per year, Premium plan at $149 per year, and Pro plan for $599 per year. |
As you can see, it was a clean sweep for NewRetirement. Keep reading to find out why.
As you can see, it was a clean sweep for NewRetirement. Keep reading to find out why.
Factor 1: Retirement Calculators
- NewRetirement provides comprehensive and user-friendly calculators.
- MaxiFi offers detailed but complex calculators.
A comprehensive retirement calculator is a key tool in planning for a comfortable retirement, providing projections on savings, expenses, and potential income.
NewRetirement: Comprehensive Calculators
NewRetirement boasts a range of calculators, each focusing on different aspects of retirement planning like Social Security benefits, rate of return, and life expectancy. Users can adjust multiple variables to get a clear picture of their retirement income, savings, and future expenses. These calculators are more comprehensive and easier to use than MaxiFi’s, making retirement planning less stressful and more efficient.
MaxiFi: Complex Calculators
MaxiFi, while offering calculators for future income simulation and standard of living assessment, is more complex to navigate. Its calculators incorporate a wide range of variables and require a deeper understanding of financial planning.
NewRetirement’s Calculators are better for:
- Those looking for comprehensive and user-friendly retirement calculators.
- Those who value detailed insights into retirement income, savings, and expenses.
MaxiFi’s Calculators are better for:
- Users who are comfortable with more complex financial calculations.
- Those focusing on future income and maintaining their standard of living.
Factor 2: Financial Plan
- NewRetirement offers a detailed and user-friendly financial plan.
- MaxiFi has a comprehensive plan but is less intuitive.
The user-friendliness and depth of a financial plan are critical in easing the process of retirement planning and providing clear and actionable steps.
NewRetirement: Detailed and User-friendly Plan
NewRetirement stands out for its user-friendly and detailed financial planning. It generates a visual roadmap of your retirement goals and suggests strategies to achieve them, considering different income sources and simulating various scenarios for a comprehensive plan.
MaxiFi: Less User-friendly Plan
MaxiFi, while comprehensive, provides a less user-friendly financial plan. It focuses on optimizing consumption and savings decisions to maintain the standard of living throughout retirement. This approach may be less intuitive for some users, especially those new to financial planning.
NewRetirement’s Financial Planning Tools are Better for:
- Those seeking a clear, detailed, and user-friendly financial plan.
- Those who value visual roadmaps and simulated scenarios for retirement planning.
MaxiFi’s Financial Planning Tools are Better for:
- Users who are comfortable with complex financial plans.
- Those focusing on consumption and savings optimization.
Factor 3: Social Security Optimization
- NewRetirement excels with tailored Social Security strategies.
- MaxiFi incorporates Social Security but lacks specific optimization.
The optimization of Social Security benefits is a crucial aspect of retirement planning, significantly impacting a retiree’s standard of living and overall financial independence.
NewRetirement: Effective Optimization
NewRetirement goes above and beyond in optimizing Social Security benefits. It provides tailored strategies based on personal information and retirement goals, helping users maximize their benefits.
MaxiFi: Limited Optimization
While MaxiFi incorporates Social Security benefits in its calculations, it doesn’t specifically focus on optimizing these benefits, making it less efficient in this regard compared to NewRetirement.
NewRetirement’s Social Security Benefits Tool is Better for:
- Those seeking to maximize their Social Security benefits.
- Those who value tailored strategies for benefit optimization.
MaxiFi’s Social Security Benefits Tool is Better for:
- Users who prefer a tool that incorporates Social Security in its calculations, but don’t need specific optimization.
Factor 4: Pricing
- NewRetirement a free Basic plan and a cheaper premium plan.
- MaxiFi lacks a free plan and has higher premium pricing tiers.
NewRetirement Pricing
NewRetirement offers a range of plans to suit different needs. The Basic plan is free and includes tools for building a personalized financial plan, getting reliable planning answers, and trying various “what if” scenarios.
For more advanced features, the PlannerPlus plan costs $120 per year and offers additional inputs, account linking, tax projections, multiple scenario management, and more.
Also, NewRetirement Advisors provide professional financial planning services at an average cost of $1,500, including holistic planning and ongoing access to a CFP® professional.
Please note that pricing is subject to change. Click Here to have a look at NewRetirement’s current pricing.
MaxiFi Pricing
Although they don’t offer a free plan, MaxiFi also provides various pricing tiers. The Standard plan costs $109 per year and includes comprehensive planning, unlimited report generation, and compatibility across desktops, laptops, and tablets.
The Premium plan, priced at $149 per year, adds features such as Living Standard Monte Carlo® and contingency planning. For financial advisors, MaxiFi offers the Pro plan at $599 per year, which includes all Premium features plus the ability to handle multiple clients and customized report covers.
External Customer Reviews & Ratings
External NewRetirement Reviews & Ratings
| Site | Rating | |
| Google My Business | 5 | |
| Financial Samurai | 5 | |
| Retire Before Dad | 4.7 | |
| The College Investor | 4.5 | |
| My Millennial Guide | 4.5 | |
| Best Wallet Hacks | 4.5 |
External MaxiFi Reviews & Ratings
| Site | Rating | |
| Moneywise | 3.5 |
My Verdict: NewRetirement Shines Brighter
Both NewRetirement and MaxiFi offer unique features to cater to different retirement planning needs. However, NewRetirement shines brighter due to its comprehensive retirement calculators, user-friendly financial plan, and effective Social Security optimization.
It provides a simplified and efficient platform, making retirement planning less daunting, especially for those new to the process.
MaxiFi, on the other hand, may be better suited to those who are comfortable with complex financial calculations and prioritize future income and maintaining their standard of living.
Regardless of the platform you choose, it’s vital to ensure it aligns with your retirement goals and comfort level with financial planning. However, if you’re seeking an intuitive platform with comprehensive features, sign up for NewRetirement today.
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