NewRetirement and Texas Tech Partner on Retirement Planning Tool

Americans seeking retirement advice can benefit from NewRetirement’s cost-free financial services now with the insight of Texas Tech University.

Last week, NewRetirement announced that Texas Tech’s Personal Financial Planning Department is among the providers of retirement planning knowledge through its social media platform. 

Dr. John Salter, who handles the relationship with NewRetirement for Texas Tech’s Personal Financial Planning Department, is currently researching the role of reverse mortgages in retirement distribution management and cash management.

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A retirement calculator launched by NewRetirement in April gave consumers a glance at when their savings might run out, also gauging the appropriate time where a reverse mortgage might be best used to accommodate an individual’s finances. 

The collaboration between Texas Tech and NewRetirement, according to Salter, brings financial planning to everyone, especially to those that often have the least access and greatest need for such services. 

“We were very pleased to learn that NewRetirement has built a social media and technology platform capable of delivering financial planning knowledge to millions of Americans,” said Salter. “Combining our strengths magnifies the total benefit for all of these consumers.”

Coupled with NewRetirement’s retirement calculator, visitors to the company’s website can leverage the company’s social media platform to ask any question they wish of “highly skilled financial experts,” according to NewRetirement.

Consumers can post their questions anonymously and receive answers free of charge, either within the retirement calculator tool or by participating in an open Question & Answer forum.

If a visitor first receives a personalized analysis from the retirement calculator, a financial expert answering the question has the advantage of providing an answer that takes into account their unique financial situation.

These experts can then use this anonymous financial background information to provide a more detailed, accurate and customized response. 

“We are extremely pleased to be associated with Texas Tech’s Personal Financial Planning program,” said Steve Chen, NewRetirement’s CEO. “They are an excellent complement to the other financial experts and consumers that pitch in to answer question and help improve our website visitor’s retirement finances.”

Written by Jason Oliva

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