ProjectionLab vs NewRetirement 2024

Jeremy Biberdorf
By: Jeremy Biberdorf
 

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Choosing the right tools can transform your retirement planning journey. Among the top financial planning software, ProjectionLab and NewRetirement shine with their distinct strengths.

ProjectionLab offers detailed analytics and nuanced planning, while NewRetirement provides a comprehensive suite that covers budgeting, investments, and beyond. In this head-to-head comparison, I’ll explore what makes each platform unique, helping you decide which one best fits your retirement planning needs.

ProjectionLab is Better for:NewRetirement is Better for:
Detailed analytics and insightsComprehensive retirement planning
Advanced features like tax estimationDetailed calculations and scenarios
Robust Security measuresExtensive free plan with upgrades

Introducing the Platforms

ProjectionLab

projectionlab.com website

 

ProjectionLab is a game-changer in financial planning. Designed by top-notch software engineers, it seamlessly combines your financial data with your personal life goals. This tool isn’t just about numbers; it’s about creating a detailed, personalized plan to guide you toward financial independence.

With ProjectionLab, complex financial planning becomes straightforward, integrating your future goals into today’s decisions. If you’re interested in how technology can offer personalized financial guidance, check out my detailed review to see how ProjectionLab can revolutionize your financial planning.

 

NewRetirement

newretirement.com website

Ready to take control of your retirement planning? NewRetirement is here to help. This platform offers a complete set of tools covering everything from taxes and income to real estate. The user-friendly interface and extensive resources make it easy to navigate your financial future.

If you’re looking for even more in-depth features, NewRetirement has you covered with PlannerPlus and PlannerPlus Academy. These options provide enhanced services and learning opportunities to boost your retirement planning.

With NewRetirement, you’re not just planning for retirement—you’re shaping a future that aligns with your goals and financial situation. Check out my detailed review to see how NewRetirement can become the cornerstone of your retirement strategy.

ProjectionLab Logo NewRetirement logo
Type of Service Financial Planning Software Comprehensive Retirement Planning Tool
Best Use Detailed financial simulations and personalized planning Holistic retirement planning covering all financial aspects
Customer Support Robust security and intuitive interface Self-directed tools with optional planner support
Unique Features Advanced tax estimation and detailed analytics Detailed calculations, retirement scenarios, affordable plans
Integration Standalone tool with nuanced planning capabilities Integrates a wide range of financial data for comprehensive planning
Current Promotion

More Info

Start your 14-day free trial for Premium or Pro Plan!

More Info

Start your 14-day free trial on PlannerPlus!
Modest Money Overall Rating
4.5 rating based on 5 ratings
5.0 rating based on 5 ratings
ProjectionLab Logo
Type of Service Financial Planning Software
Best Use Detailed financial simulations and personalized planning
Customer Support Robust security and intuitive interface
Unique Features Advanced tax estimation and detailed analytics
Integration Standalone tool with nuanced planning capabilities
Current Promotion

More Info

Start your 14-day free trial for Premium or Pro Plan!
Modest Money Overall Rating
4.5 rating based on 5 ratings
NewRetirement logo
Type of Service Comprehensive Retirement Planning Tool
Best Use Holistic retirement planning covering all financial aspects
Customer Support Self-directed tools with optional planner support
Unique Features Detailed calculations, retirement scenarios, affordable plans
Integration Integrates a wide range of financial data for comprehensive planning
Current Promotion

More Info

Start your 14-day free trial on PlannerPlus!
Modest Money Overall Rating
5.0 rating based on 5 ratings

ProjectionLab vs NewRetirement Videos

Factor 1: User Interface and Experience

  • NewRetirement wins with a user-friendly platform and easy-to-understand tools.
  • ProjectionLab is intuitive but slightly more complex for new users.

Choosing the right financial planning tool can make a huge difference in your retirement strategy. If you are anything like me, how intuitive and clean the design is matters a lot. Let’s compare the user interfaces and experiences of ProjectionLab and NewRetirement to see which one suits you best.

ProjectionLab’s interface is designed with precision, enabling users to navigate complex financial data effortlessly. Its sleek and modern layout ensures that detailed financial simulations are clear and accessible, making it ideal for those who want to dive deep into their financial planning.

On the other hand, NewRetirement offers a blend of simplicity and depth, perfect for users at all levels of financial expertise. Its straightforward design and clear guidance make it especially user-friendly for those new to retirement planning. The platform provides step-by-step instructions and educational resources, ensuring users can confidently build a comprehensive retirement plan.

In essence, ProjectionLab caters to users who prefer a detailed, data-driven approach, while NewRetirement excels in offering a simple, accessible experience. Whether you want to explore intricate financial simulations or need clear, guided planning, both platforms have something valuable to offer.

Factor 2: Depth of Financial Planning

  • NewRetirement excels with comprehensive retirement planning, including taxes and healthcare.
  • ProjectionLab offers detailed analytics but lacks the broad scope of NewRetirement.

ProjectionLab is fantastic for those who love diving deep into numbers. Its detailed analytics let you create nuanced financial models and run in-depth simulations. If you’re the type who enjoys tweaking every little detail to see how it affects your overall plan, ProjectionLab has you covered. You can explore different scenarios and make well-informed decisions with its precise tools.

But let’s talk about NewRetirement. This platform takes a broader approach, covering everything from taxes and healthcare to real estate. It’s designed to ensure you don’t miss any critical aspect of retirement planning. NewRetirement seamlessly integrates these elements, offering a comprehensive experience that makes planning straightforward and thorough. If you’re looking for an all-in-one tool that covers every angle of your future, NewRetirement is the way to go.

In a nutshell, while ProjectionLab is perfect for those who want detailed, data-driven insights, NewRetirement’s comprehensive and user-friendly approach makes it a standout choice for anyone wanting a holistic view of their retirement plans.

Factor 3: Accessibility and Cost

  • NewRetirement wins with a strong free plan and affordable upgrades.
  • ProjectionLab has premium features at a higher cost.

When it comes to choosing a financial planning tool, accessibility and cost are key factors that can influence your decision. Let’s break down how ProjectionLab and NewRetirement stack up in these areas.

ProjectionLab offers a premium version that unlocks a suite of advanced features. This premium access comes at a cost of $108 per year, which may seem steep to some, but many users find the in-depth analytics and customizable financial models well worth the investment.

The platform’s detailed simulations and precise tools can provide significant value for those who are serious about their financial planning. They also offer a lifetime membership, priced at $520.

On the flip side, NewRetirement shines with its accessibility and affordability. It offers a pretty robust free version that covers a wide range of financial planning needs.

For those looking to unlock more advanced features, NewRetirement’s premium plans start at just $120 per year for PlannerPlus.
This pricing structure makes it a highly attractive option for users who want comprehensive financial planning tools without breaking the bank.

In summary, while ProjectionLab’s premium offering is packed with advanced features justifying its $108 annual fee, NewRetirement stands out with its strong free version.

This makes NewRetirement a great choice for those seeking both value and depth in their financial planning tools.

Factor 4: Security and Privacy

  • Both prioritize robust security measures to protect user data.

When it comes to safeguarding your financial data, both ProjectionLab and NewRetirement excel in ensuring top-notch security. ProjectionLab’s strategy focuses on user privacy, keeping your data within your browser unless you opt for their secure cloud storage. They never sell your data and comply with major privacy regulations like GDPR and CCPA.

On the other hand, NewRetirement goes all out with bank-level security, using 256-bit encryption and secure data centers protected round the clock. They adhere to stringent SOC2 Type 1 and Type 2 controls and offer Multi-Factor Authentication for extra security. They also partner with Plaid for secure account linking, ensuring your credentials are always safe.

Factor 5: Support and Resources

  • NewRetirement provides extensive resources, support, and access to financial planners.
  • ProjectionLab offers good support but fewer educational resources.

When it comes to support and resources, NewRetirement really stands out. They offer a ton of helpful articles, webinars, and even personalized advice from financial planners. This makes it a great choice for anyone who needs extra guidance on their retirement planning journey. Users love the comprehensive educational materials and the chance to get tailored advice from experts.

ProjectionLab is fantastic for its detailed analytics and financial simulations, but it doesn’t quite match NewRetirement in terms of support. If you like a self-directed approach with powerful tools, ProjectionLab is excellent. However, if you appreciate having access to extensive resources and personalized help, NewRetirement might be the better option. Their focus on user education and support makes them a standout choice for those who want a more guided planning experience.

Factor 6: External Customer Reviews & Ratings

External ProjectionLab Reviews & Ratings

SiteRating
Rob Berger4.3
The College Investor4.1

External NewRetirement Reviews & Ratings

SiteRating
Google My Business5
Financial Samurai5
Retire Before Dad4.7
The College Investor4.5
My Millennial Guide4.5
Best Wallet Hacks4.5

ProjectionLab vs NewRetirement: My Verdict

When I consider ProjectionLab vs NewRetirement, I have to say that both offer valuable tools for retirement planning and excel in different areas. ProjectionLab is ideal for users who prioritize detailed financial simulations and personalized planning. In contrast, NewRetirement stands out for its comprehensive approach, covering a wide range of retirement aspects and providing extensive support and resources.

Ultimately, NewRetirement slightly edges out as the more versatile tool, particularly for individuals seeking an all-encompassing approach to retirement planning with ample support and educational resources. However, for those who value detailed analytics and a more personalized planning experience, ProjectionLab remains a strong contender.

Ready to take control of your retirement planning? Click here to explore NewRetirement, and for a nuanced, detailed planning tool, consider ProjectionLab.

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