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Income Lab
What Income Lab is
Income Lab provides web-based retirement income planning software for financial advisors. Its risk-based spending guardrails show clients how spending could change over time and alert advisors when a plan calls for an 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. The software includes income projections, savings growth projections, withdrawal planning, detailed tax modeling and scenario analysis. Core starts at $199 a month, billed at 1,990 USD annually or 2,388 USD per year with monthly billing. Pro is $299 a month, with annual billing at 2,990 USD or monthly billing at 3,588 USD per year; annual billing includes two months free. Pro adds Penny, which can build plans from meeting notes, answer questions about a client plan and identify opportunities across a client base. It also includes a Verify button for auditing AI responses. The 14-day trial provides full Pro access, requires a credit card and converts automatically unless canceled before it ends.
Who it suits
Income Lab is for financial advisors preparing retirement income, withdrawal, tax and Social Security plans for clients. Pro may suit advisors who want AI assistance and account aggregation alongside planning tools.
What it does well
- Stress-tests plans against 130 years of market data.
- Compares over 9,000 Social Security strategies per household.
- Includes detailed tax and scenario modeling.
- Pro includes a button to audit AI responses.
- Offers integrations with several advisor platforms.
What to know first
- No free plan is listed.
- The 14-day trial requires a credit card.
- Trial converts to paid Pro unless canceled.
Limits
Core provides retirement income planning, tax planning, Social Security optimization, scenario analysis, 15+ integrations, and an AI Assistant. Pro adds Penny, tax and estate analysis, practice intelligence, Yodlee aggregation, team permissions, and SSO; the trial converts to paid Pro unless canceled.
Plans
| Plan | Billed and limits | Price |
|---|---|---|
| Core | $1,990 billed annually or $2,388/yr billed monthly; 2 months free on annual billing · Retirement income planning · tax planning · Social Security optimizer · scenario analysis · 15+ integrations · AI Assistant | $199 a month |
| Pro | $2,990 billed annually or $3,588/yr billed monthly; 2 months free on annual billing · Everything in Core · Penny AI paraplanner · tax and estate analysis · practice intelligence · Yodlee account aggregation · team permissions and SSO | $299 a month |
| Support Staff Seat | $800/yr billed annually; save $160/yr · Per seat · add team members to either plan | $80 a month |
As incomelaboratory.com lists them, read 8 Oct 2026. The maker's own page has the final word.
Getting started
- Open the Income Lab website
- Start the 14-day full-Pro trial
- Choose Core or Pro after the trial
- Use the web platform
- Connect supported read-only accounts or listed integrations
- Configure projections, tax models, Social Security strategies, and scenarios
Verdict
Income Lab combines retirement projections with spending guardrails and extensive Social Security analysis. The Pro trial has an automatic paid conversion unless canceled, so its terms deserve attention before starting.
Questions
Does Income Lab offer a free plan?
No. Paid plans start at $199 per month.
What happens during the trial?
The 14-day trial provides full Pro access, requires a credit card, and converts automatically to paid Pro unless canceled before it ends.
Which platforms are supported?
Income Lab is listed for the web.
Can it move money or make transactions?
No. The software cannot move money or make financial transactions, and integrated account data is read-only.
Which integrations are listed?
Schwab, Fidelity, Orion, Black Diamond, Redtail, Wealthbox, and Salesforce are named. Pro also includes Yodlee account aggregation.
Who makes Income Lab?
Income Laboratory, Inc. makes the software.
Facts from Income Lab's own pages
- 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. · incomelaboratory.com, 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. · incomelaboratory.com, 8 Oct 2026
- AI verification
- Pro includes a Verify button to audit AI responses. · incomelaboratory.com, 8 Oct 2026
- Company identity
- The website identifies the company as Income Laboratory, Inc. · incomelaboratory.com, 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. · incomelaboratory.com, 8 Oct 2026
- Financial transactions
- The software cannot move money or make financial transactions, and account data viewed through integrations is read-only. · incomelaboratory.com, 8 Oct 2026
- Founded
- 2018 · incomelaboratory.com, 28 Sept 2026
- Integrations
- The pricing page names Schwab, Fidelity, Orion, Black Diamond, Redtail, Wealthbox, and Salesforce integrations, and Yodlee account aggregation in Pro. · incomelaboratory.com, 8 Oct 2026
- Market stress tests
- Plans can be stress-tested against 130 years of market data. · incomelaboratory.com, 8 Oct 2026
- Purpose
- Income Lab provides retirement income planning software for financial advisors. · incomelaboratory.com, 8 Oct 2026
- Security certification
- Income Lab says it is SOC 2 compliant and makes its Type II report available on request. · incomelaboratory.com, 8 Oct 2026
- Social Security
- The Social Security optimizer compares more than 9,000 claiming strategies per household. · incomelaboratory.com, 8 Oct 2026
- Spending plans
- Its risk-based guardrails show clients how spending may adjust over time and alert advisors when a plan calls for a change. · incomelaboratory.com, 8 Oct 2026
- Support
- The company offers a help center, walkthrough bookings, and contact by phone or email. · incomelaboratory.com, 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. · incomelaboratory.com, 8 Oct 2026
Where Income Lab stands on Freedom251
- Financial Advisor Software#10 of 31
- Retirement Planning Software#21 of 26