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Income Lab
In one line: Retirement income planning software for advisors with spending guardrails, tax planning and Penny, an AI paraplanner.
| Best for | Advisors whose clients mostly ask retirement income, Roth conversion and Social Security questions |
|---|---|
| Category | Financial planning software |
| Free option | Not confirmed; check vendor site |
| Pricing | From $199/mo ($1,990/yr annual) · See all plans (as of October 23, 2026) |
| Website | incomelaboratory.com/ |
| Last checked | October 23, 2026 |
What it does
Income Lab says its platform covers retirement income planning with spending guardrails and stress testing, Roth conversion and tax-aware withdrawal planning, Social Security claiming analysis and broader planning such as college funding. Its Pro plan adds Penny, an AI paraplanner that can build a plan from meeting notes or old plans, analyze an uploaded 1040 and search a whole book of clients for opportunities such as Roth windows and IRMAA thresholds, with a Verify button to audit the math. It lists CRM sync with Redtail, Wealthbox and Salesforce and says it is SOC 2 Type II.
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MoneyGuide
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Holistiplan
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Compare: Income Lab vs RightCapital · Income Lab vs eMoney Advisor
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FAQ
What is Income Lab?
Retirement income planning software for advisors with spending guardrails, tax planning and Penny, an AI paraplanner.
Who is Income Lab best for?
Advisors whose clients mostly ask retirement income, Roth conversion and Social Security questions. It is in our financial planning software category.
How much does Income Lab cost?
As of October 23, 2026, Income Lab's website lists: Core, $1,990/year billed annually or $199/month billed monthly; Pro, $2,990/year billed annually or $299/month billed monthly; Support staff seat, $80/month per seat or $800/year; Enterprise, Contact vendor.
What are alternatives to Income Lab?
RightCapital, eMoney Advisor, MoneyGuide, Holistiplan.