Income Lab

Income Lab makes financial planning software for advisors, built around retirement income. Advisors use it to set a client's monthly spending, decide how to draw from accounts, time Social Security and plan Roth conversions.

Its retirement income planning uses spending guardrails: the plan shows a monthly paycheck and the portfolio levels at which that amount would rise or fall, and for tracked plans the guardrails are recalculated monthly. Plans can be stress tested against 130 years of market data. Tax Lab models Roth conversions, including bracket and Medicare premium effects, and a Withdrawal Optimizer picks which accounts should fund a large expense. A Social Security Optimizer compares more than 9,000 claiming combinations for couples. The software also covers savings, college funding, annuity and cash value life insurance modeling, 43 state tax engines and one-page client reports. The Pro tier adds an AI paraplanner called Penny that builds plans from notes, intake forms or custodian exports, and an AI scribe that updates plans from Zoom meetings. A Vault stores client records.

Published pricing is $199 a month for Core and $299 a month for Pro, or $1,990 and $2,990 a year billed annually, with a 14-day free trial. Integrations include Schwab, Fidelity, Orion, Black Diamond, Redtail and Altruist. The company is based in Denver.