Side by side
Covisum Income InSight vs Retiris
Both stand on retirement planning software. Which one you can start free with, which one lets you read the code, and what each costs once you pay.
Choose Income InSight if you advise clients near or in retirement and need integrated income, tax, Social Security, and scenario planning. Look elsewhere if your workflow depends on synchronized accounts, client collaboration, or standard subscriptions for multiple users.
Visit Covisum Income InSightRetiris is suited to savers who want free, immediate retirement projections and scenario analysis without creating an account. Its calculators include income, savings growth, withdrawal and Social Security modeling. Look elsewhere if tax modeling is needed, or if the tools must provide personal financial, investment, tax or legal advice.
Visit RetirisThe facts
| Covisum Income InSight | Retiris | |
|---|---|---|
| Free plan | A free trial | Yes |
| Open source | Not published | Not published |
| Runs on | Web | Web |
| Lowest paid plan | Income InSight annual subscription: $1,400 a year | Free or on request |
| Plans published | 4 | 1 |
| Maker | Not published | Not published |
| Website | covisum.com | retiris.org |
| On retirement planning software | #20 of 26 | #16 of 26 |
Covisum Income InSight: what it does well
- Combines retirement tax, income needs, and Social Security planning.
- Generates Roth conversion strategies with suggested dollar amounts.
- Tests strategies against market, health, inflation, and benefit scenarios.
- Creates annual cash flow analysis and printable PDF reports.
- Shows effects of SPIAs, deferred annuities, and other insurance products.
What to know first
- There is no free plan.
- Subscriptions are intended for one user; multiple users need an enterprise-level agreement.
- No account synchronization is listed.
- Client collaboration is not available.
Retiris: what it does well
- Free calculator access with no sign-up and instant results.
- Projects savings growth and monthly retirement income.
- Models accumulation and drawdown year by year.
- Runs 1,000 scenario paths against market shocks.
- Documents assumptions including inflation, fees and sequence risk.
What to know first
- Tax modeling is not included.
- Available on the web only.
- Tools are for education and information, not personal financial advice.
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