Income Lab
6.3#13 in retirement planning softwareFrom $80 a monthWeb
VisitIncome Lab vs Retirement Budget Calculator
Retirement Budget Calculator
7.3#4 in retirement planning softwareFrom $95 a yearFree planWeb
VisitWhat both publish
| Fact | Income Lab | Retirement Budget Calculator |
|---|---|---|
| Purpose | Income Lab provides retirement income planning software for financial advisors. | The calculator helps estimate retirement budgets, life expectancy, net worth, taxes, withdrawal strategies, Roth conversions, and whether someone can retire. |
| Social Security | The Social Security optimizer compares more than 9,000 claiming strategies per household. | The Social Security Maximizer calculates suggested claiming dates and estimates personal and spousal benefits, lifetime benefits, lifetime taxes, and end-of-life liquid assets. |
| Support | The company offers a help center, walkthrough bookings, and contact by phone or email. | Support is offered through the Contact Us page and [email protected]; premium subscribers also receive community-portal access. |
Income Lab plans
- Support Staff Seat$80 a month
- Core$199 a month
- Pro$299 a month
Retirement Budget Calculator plans
- Free Plan (lifetime)Free
- Free PlanFree
- Premium Plan$9.95 a month
- Premium Plan (monthly)$9.95 a month
- Premium Plan$95 a year
- Premium Plan (yearly)$95 a year
Pick Income Lab if…
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.
Pick Retirement Budget Calculator if…
Its stated audience is people age 55 and older preparing for retirement. Access is currently reserved for individuals and families working directly with Parker Financial LLC, so it is not available to new users generally.