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Income Lab
What is Income Lab?
Income Lab provides financial advisors with cutting-edge software for ongoing retirement income management and client engagement. Advisors use Income Lab to give clients targeted, customized advice about how much they can spend, when and how to adjust spending for evolving economic and market conditions, and how to optimize distribution plans for tax efficiency.
Income Lab the #1 Retirement Distribution Planning Tool in the 2024 T3|Inside Information Advisor Software Survey, named “Best in Show” at the 2022 & 2023 XYPN Advisor Tech Expo, and was named a “Stand Out in Retirement Distribution Planning” and rated highest in satisfaction and value by the Kitces.com Report: The Technology that Independent Financial Advisors Actually Use (And Like)”. To learn more about Income Lab, visit our website, IncomeLab.io.
Navigate Clients Through Retirement with Confidence
Retirement GPS
The evidence is clear: retirees rarely run out of money. Instead, they adjust over time, spending more when they can and less when they must. So the current focus on the probability of failure is fundamentally flawed. The real questions are how likely is it that a client will need to take a pay cut, how large could it be, when might it occur, and how long could it last?
Income Lab uses total-risk-based guardrails to build sophisticated, customized plans for how clients will adjust their spending as circumstances change. We continuously test these plans against current conditions and alert you when a client's plan calls for a change.
Interactive Visual Planning with Life Hub
Give your clients visibility into every part of their financial plan, all in one place, at any level of detail, and at any point in time. Life Hub provides beautiful, compelling visualizations of how different plan items interact and change over time, and how clients can reach their financial goals and milestones.
Tax-Smart Distribution Planning with Tax Lab
Deciding how best to source portfolio withdrawals involves accounting for a full range of tax effects and a wide range of withdrawal strategies as they apply to each plan. Income Lab helps you quickly evaluate the tax consequences of strategies like Roth conversions, including the complex interactions of different types of income and their differential tax treatment, and produces simple, digestible data to help you and your clients make informed decisions.
Retirement Stress Test
The Retirement Stress Test tool gives advisors a way to connect retirement income management with memorable and relatable historical events like the Global Financial Crisis, the Dot-Com Bubble, 1970s Stagflation, and the Great Depression. Instead of stopping the stress test after a market shock, this new stress test tells the full story, continuing through the subsequent years and showing how long it took for spending and account balances to recover.
Advisor Resources
Orion Integration
To learn more about the Orion + Income Lab integration, visit the Income Lab Knowledge Base.
Steps to get started
Choose the plan that works best for you:
Monthly: Try Income Lab for just $20 for the first 3 months. After 3 months, $139 to be paid monthly.
Annual: Save 30% with an annual plan. $1,200 (a savings of $468).
