Income Lab

Income Lab is a financial planning software brand serving financial advisors, with a particular focus on retirement income and distribution planning. Its platform helps advisors answer practical client questions about when to retire, how much to spend, tax strategies, account withdrawals, and Social Security claiming. Retirement planning tools include spending guardrails, stress testing, Roth conversion analysis, tax-aware withdrawal recommendations, and Social Security comparisons across more than 9,000 claiming combinations for couples. The platform also supports savings and accumulation planning, college funding, and modeling cash value life insurance within a household plan.

Income Lab offers an AI productivity suite designed to reduce manual data entry. Advisors can use tools to build or update plans from existing documents, capture meeting decisions and action items, and collect client information through questionnaires. Its Pro offering combines core planning capabilities with AI tools, an AI paraplanner named Penny, and practice-wide intelligence that identifies potential planning opportunities across client households. Income Lab also provides educational resources, a help center, integrations, and product support.