Income Lab
Income Lab is web-based retirement income planning software for financial advisors.
What Income Lab is
Income Lab is web-based retirement income planning software for financial advisors. It projects income and savings growth, supports withdrawal planning, detailed tax modeling, Social Security modeling, and scenario analysis. Risk-based spending guardrails show clients how spending could change over time and alert advisors when a plan needs adjustment. Advisors can stress-test plans against 130 years of market data, while the Social Security optimizer compares more than 9,000 claiming strategies per household. Pro includes Penny, an AI tool that can build plans from meeting notes, answer questions about a client plan, and identify opportunities across a client base. A Verify button audits AI responses. Integrations named include Schwab, Fidelity, Orion, Black Diamond, Redtail, Wealthbox, Salesforce, and Yodlee account aggregation in Pro.
Good
- Risk-based spending guardrails flag plan changes
- Stress-tests plans against 130 years of data
- Compares over 9,000 Social Security strategies
- Pro includes AI planning and response verification
- Read-only account synchronization preserves transaction limits
Watch out
- No free plan
- 14-day trial requires a credit card
- Trial converts automatically unless canceled
- Web platform only
Who it suits
It suits financial advisors who need retirement income projections, tax and Social Security modeling, and scenario planning through a web platform. It is designed for organizations willing to use paid plans.
Verdict
Income Lab combines retirement projections, spending guardrails, market stress testing, and Social Security analysis for advisory practices. Its paid structure and automatic trial conversion require attention before subscribing.
Plans and prices
From Income Lab's own pricing page, checked 8 Oct 2026.
| Plan | Price | What it gives you |
|---|---|---|
| Support Staff Seat | $80 a month | Per seat · add team members to either plan · $800/yr billed annually; save $160/yr |
| Core | $199 a month | Retirement income planning · tax planning · Social Security optimizer · scenario analysis · 15+ integrations · AI Assistant · $1,990 billed annually or $2,388/yr billed monthly; 2 months free on annual billing |
| Pro | $299 a month | Everything in Core · Penny AI paraplanner · tax and estate analysis · practice intelligence · Yodlee account aggregation · team permissions and SSO · $2,990 billed annually or $3,588/yr billed monthly; 2 months free on annual billing |
The facts
Each one read from Income Lab's own pages, with the date it was checked.
What it does
- AI features
- Pro includes Penny, which can build plans from meeting notes, answer questions about a client plan, and identify opportunities across a client base.checked 8 Oct 2026
- AI privacy
- Income Lab says it does not train large language models on client data and limits AI tools to information the signed-in user is permitted to view.checked 8 Oct 2026
- AI verification
- Pro includes a Verify button to audit AI responses.checked 8 Oct 2026
- Data protection
- Stored customer information is encrypted using AES-256, and data transmitted between users’ computers and Income Lab’s servers is encrypted over HTTPS.checked 8 Oct 2026
- Financial transactions
- The software cannot move money or make financial transactions, and account data viewed through integrations is read-only.checked 8 Oct 2026
- Integrations
- The pricing page names Schwab, Fidelity, Orion, Black Diamond, Redtail, Wealthbox, and Salesforce integrations, and Yodlee account aggregation in Pro.checked 8 Oct 2026
- Market stress tests
- Plans can be stress-tested against 130 years of market data.checked 8 Oct 2026
- Purpose
- Income Lab provides retirement income planning software for financial advisors.checked 8 Oct 2026
- Security certification
- Income Lab says it is SOC 2 compliant and makes its Type II report available on request.checked 8 Oct 2026
- Social Security
- The Social Security optimizer compares more than 9,000 claiming strategies per household.checked 8 Oct 2026
- Support
- The company offers a help center, walkthrough bookings, and contact by phone or email.checked 8 Oct 2026
The company
- Company identity
- The website identifies the company as Income Laboratory, Inc.checked 8 Oct 2026
- Founded
- 2018checked 28 Sep 2026
Money
- Spending plans
- Its risk-based guardrails show clients how spending may adjust over time and alert advisors when a plan calls for a change.checked 8 Oct 2026
- Trial
- The 14-day trial provides full Pro access, requires a credit card, and converts automatically to a paid Pro subscription unless canceled before it ends.checked 8 Oct 2026
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