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Advisor Summary: The best Roth conversion software for financial advisors in 2026 depends on practice type. For retirement distribution specialists, Income Lab Tax Lab offers the deepest integration of a full financial plan with Roth analysis with IRMAA, Social Security, and withdrawal sequencing. For dedicated tax planners, Holistiplan Premium provides the strongest tax return analysis with multi-year Roth projections. For comprehensive planners wanting one platform, RightCapital handles Roth conversions alongside full financial planning. This review compares six tools across multi-year modeling, IRMAA awareness, client output, and pricing.

Your client is 64, sitting on $1.1M in a traditional IRA, and has a 9-year window before RMDs start. The difference between a well-optimized Roth conversion strategy and a flat annual conversion is approximately $200,000-$300,000 in lifetime tax savings. Multiply that across 40 retirement clients, and the tool you use for Roth analysis represents a half-million-dollar decision for your practice.

We evaluated six tools that handle Roth conversion planning for financial advisors: Income Lab Tax Lab, Holistiplan, RightCapital, MaxiFi, Covisum Tax Clarity, and Boldin. For each, we assessed multi-year modeling capability, IRMAA integration, Social Security interaction, client presentation quality, custodial data feeds, and pricing. Here is what we found.

Table of Contents

Summary Comparison Table

Tool Best For Connected to full financial plan Multi-Year Roth IRMAA SS Integration Client Output Pricing (per advisor)
Income Lab Tax Lab Retirement distribution specialists Yes, seamlessly connected to full detailed financial plan Full multi-year optimization Yes, cliff-aware Yes, highest-rated (8.60 T3) Client-ready visuals ~$159/mo
Holistiplan Premium Dedicated tax planners No, requires reworking; cannot match and model some parts of real plans Multi-year projections No No Client-ready reports $150-200/mo (household-based)
RightCapital Comprehensive planners Yes Year-by-year within plan Yes Yes (7.96 T3) Best-in-class portal $125-150/mo
MaxiFi Economics-focused planners Yes Lifetime optimization Yes Yes PDF/Excel only $109-149/yr (consumer)
Covisum Tax Clarity Marginal rate specialists No Forward-looking timing Yes (core feature) Separate tool (SS Timing) Client-ready visuals Contact for pricing
Boldin Budget-conscious practices No Basic Roth Explorer Limited Yes (SS Explorer) Basic $990/yr

Pricing based on publicly available information as of March 2026. Contact each vendor for current rates.

1. Income Lab Tax Lab

Income Lab’s Tax Lab is a retirement distribution optimization tool that includes multi-year Roth conversion analysis as a core capability within its tax-aware planning engine. The tool models multiple distribution strategies simultaneously and compares total lifetime taxes under each.

What it does well:

The Tax Lab’s strength is integration. Roth conversion analysis does not exist in isolation. It is connected to a full financial plan with down-to-the-account level distribution plans, Social Security timing, IRMAA bracket management, tax-optimized withdrawal sequencing, and client-ready visual output. When you model a 10-year conversion strategy, the tool simultaneously shows how conversions affect Medicare surcharges two years later, how Social Security taxation changes as benefits start, and how the portfolio shifts from pre-tax to Roth over the conversion window.

Strategy comparison is central to the workflow. You can run “no conversion” alongside “fill the 12% bracket” alongside “fill the 22% bracket” and see cumulative tax differences at 10, 20, and 30 years. The visual output, including strategy comparison charts, year-by-year timelines, and portfolio composition views, is designed for direct client presentation.

Income Lab holds the #1 position in retirement distribution planning in the T3 2026 technology survey (4.15% market share) and the highest Social Security analysis rating (8.60). The tool integrates with Schwab, Fidelity, Orion, and other custodians for live balance data.

Limitations:

Income Lab focuses on retirement distribution. Though it does include accumulation planning in its Life Hub, Preretirement Planner, and Insights Dashboard, it does not handle college planning, estate planning, or insurance analysis. Advisors need a separate platform (RightCapital, eMoney, MoneyGuidePro) for those functions. Income Lab works alongside comprehensive tools like RightCapital or eMoney, and also functions as a stand-alone retirement planning platform.

Pricing: Approximately $159/mo per advisor. Book a demo to see current pricing.

Best for: Advisors whose practice centers on retirement distribution, Social Security optimization, and tax-aware withdrawal planning. Particularly strong for advisors who use a comprehensive planning platform and need deeper retirement income analysis, and equally effective as a stand-alone retirement planning solution.

Key features for Roth conversion planning

  • Multi-year Roth conversion strategy modeling with variable annual amounts
  • Side-by-side comparison of 3+ distribution strategies
  • IRMAA bracket integration with cliff warnings
  • Social Security taxation interaction modeled within conversion analysis
  • Federal, state, FICA, and Medicare IRMAA tax estimates
  • Client-ready visual comparisons (strategy charts, timelines, portfolio composition)
  • Custodial integrations (Schwab, Fidelity, Orion, others)
  • Estimated action section showing year-by-year conversion and withdrawal amounts

Advisor takeaway: If you present Roth conversion strategies to 10+ retirement clients per year and need a tool that connects conversion analysis to IRMAA, Social Security, and distribution sequencing in one view, Income Lab Tax Lab is the most integrated option available. The limitation is scope: you still need a separate platform for non-retirement planning.

2. Holistiplan Premium

Holistiplan is the #1-rated tax planning tool in the T3 survey for five consecutive years (2021-2025). The Premium tier adds multi-year Roth conversion projections on top of the core tax return analysis engine.

What it does well:

The core value proposition is speed and specificity. Upload a client’s tax return (1040), and Holistiplan’s OCR engine scans it in seconds, identifying bracket breaks, QBI deductions, charitable carry-overs, and Roth conversion opportunities. The Premium tier extends this to multi-year projections, showing how conversion income fits within federal and state tax brackets over a 3-5 year horizon.

The tax return scanning capability is the differentiator. Rather than manually entering income data, the tool reads the actual return and builds the analysis from verified numbers. This eliminates data entry errors and provides a starting point grounded in the client’s real tax situation, not assumptions.

Holistiplan serves 8,000+ advisory firms and offers unlimited users per subscription, making it accessible to entire teams without per-seat costs.

Limitations:

Holistiplan is a tax planning tool, not a retirement income tool. It does not model IRMAA brackets within the Roth analysis. It has no Social Security optimization. It does not do withdrawal sequencing or distribution planning. For Roth conversion planning, it excels at the tax analysis layer but requires a separate tool (Income Lab, Covisum, or a comprehensive platform) for the retirement income context. This means advisors who use its multi-year Roth analysis will have to recreate plans here, but will find that certain parts of the plan cannot be modeled, leading to some loss of accuracy.

Pricing restructured in March 2025, shifting from upload-based to household-based billing. Some existing users saw significant increases. The company offers a 20% loyalty discount where the increase exceeds 25% (Holistiplan pricing page).

Pricing: Premium Tax tier ranges from $1,499/yr (30 households) to $15,499/yr (up to 750 households). Monthly billing available at approximately 20% premium. Free 7-day trial. (Holistiplan pricing page, March 2026.)

Best for: Advisors who lead with tax planning and need fast, accurate tax return analysis. Pairs naturally with a retirement income tool like Income Lab for the distribution and conversion strategy layer.

Key features for Roth conversion planning

  • OCR tax return scanning (federal and state, seconds to process)
  • Tax bracket visualization with conversion income overlay
  • Multi-year Roth conversion projections (Premium tier)
  • Cash flow visualization (Premium tier)
  • State and local tax modeling
  • Client-ready reports
  • Unlimited users per subscription

Advisor takeaway: Holistiplan is the best tool for understanding your client’s current tax situation and identifying Roth conversion opportunities from the tax return itself. For modeling the multi-year strategy with IRMAA and Social Security, you will need a complementary tool. Many advisors use Holistiplan and Income Lab together: Holistiplan for tax analysis, Income Lab for conversion strategy and distribution planning.

3. RightCapital

RightCapital is a comprehensive financial planning platform that handles Roth conversions within its broader planning engine. The platform combines goal-based and cash-flow planning with year-by-year tax projections, Monte Carlo simulations, and an interactive client portal.

What it does well:

The strength is breadth. RightCapital handles Roth conversions alongside estate planning, college planning, insurance analysis, accumulation modeling, and business owner planning in a single platform. For advisors who serve clients across the full life cycle, Roth conversion analysis lives within the same tool used for every other planning function.

The client portal is best-in-class among financial planning platforms. Clients can explore scenarios interactively using the Blueprint visualization, try changes with or without saving, and access their plan on mobile. For Roth conversion presentations, the advisor can walk through the analysis collaboratively with the client rather than presenting a static report.

RightCapital’s Tax Analyzer uses OCR to scan client tax returns and translate data into planning inputs. Medicare premium modeling is included. Custodial integrations cover 15+ custodians with daily data sync, including Schwab, Fidelity, Pershing, Altruist, LPL, and Raymond James.

According to the T3 2026 survey, RightCapital holds 21.37% of the financial planning market (#3) and scored 8.40 overall. The Kitces 2025 survey shows 25.4% advisor adoption (#2), with an 8.7/10 satisfaction score.

Limitations:

Roth conversion analysis is one feature within a broad platform. The depth of retirement income planning, guardrails implementation, and distribution sequencing is less specialized than purpose-built tools. RightCapital’s guardrails and dynamic spending features get poor reviews from users, who find them confusing and not well integrated into broader plans. This reflects the fact that these are add-ons, not the core product focus.

Social Security analysis scored 7.96 in T3 2026, compared to Income Lab’s 8.60. For advisors whose core value is retirement income optimization, RightCapital’s analysis may be sufficient but not best-in-class.

RightCapital’s advisor base skews toward younger, smaller firms (35.75% market share among advisors with 1-5 years of experience vs. 17.37% among those with 20+ years, per T3 2026). This is not a limitation of the product, but it reflects the current user community.

Pricing: Basic tier at $124.95/mo per advisor, Premium at $149.95/mo per advisor, Platinum at custom pricing. Annual commitment required for first year. 14-day free trial (demo-gated). Assistant add-on at $40/mo per assistant. (RightCapital pricing page, March 2026.)

Best for: Advisors who need one platform for all planning functions and want Roth conversion analysis that’s “good enough” within a comprehensive tool. Particularly strong for advisors who value the client portal experience and serve clients across all life stages.

Key features for Roth conversion planning

  • Year-by-year tax projections alongside lifetime probability graphs
  • Capital-gain harvesting and bracket management within the plan
  • Tax Analyzer with OCR tax return scanning
  • Medicare premium modeling
  • 15+ custodian integrations with daily data sync
  • Interactive client portal (Blueprint, Action Items)
  • Scenario comparison within the plan
  • Cost basis auto-import from multiple custodians

4. MaxiFi (ESPlanner)

MaxiFi is an economics-based planning tool created by Laurence Kotlikoff, Professor Emeritus of Economics at Boston University. The tool uses “consumption smoothing” methodology to calculate the maximum sustainable living standard, with a Premium tier that includes an automated Roth Conversion Optimizer.

What it does well:

The Roth Conversion Optimizer is automated. Rather than requiring the advisor to manually test different conversion amounts, MaxiFi calculates the strategy that maximizes the household’s sustainable spending power after all taxes, IRMAA surcharges, and Social Security interactions. The tax modeling is highly detailed, covering federal, state, FICA, and IRMAA, and is fully updated with OBBBA 2025 tax changes.

The methodology is distinctive. Rather than asking “what’s the probability of not running out of money?” (Monte Carlo) or “what are the guardrails on spending?” (Income Lab), MaxiFi asks “what conversion strategy maximizes the client’s lifetime standard of living?” For advisors drawn to economic optimization, this is a fundamentally different and potentially more satisfying answer, but it can be hard to explain consumption smoothing to clients.

Consumer pricing is remarkably affordable: $109-149/yr. The tool has a dedicated following among sophisticated DIY planners and the Bogleheads community, but is not widely used by professional financial advisors.

Limitations:

MaxiFi was built consumer-first. The advisor experience, client presentation tools, and workflow are basic compared to purpose-built advisor platforms. There is no interactive client portal. Output is PDF and Excel only. There are no custodial integrations, meaning all data is entered manually. The advisor-specific version (MaxiFi PRO) exists but is not widely marketed, and professional pricing is not published.

Market presence among professional advisors is minimal. MaxiFi does not appear in T3 or Kitces advisor technology surveys at meaningful market share. For advisors building a professional practice, the tool may feel like a consumer product rather than a professional-grade solution.

Pricing: Standard at $109/yr, Premium at $149/yr, Premium Plus at $359/yr (includes annual expert consultation). Renewals at $89/yr. MaxiFi PRO (advisor version) pricing available on request. (MaxiFi pricing page, March 2026.)

Best for: Economically minded advisors or planners who value Kotlikoff’s consumption smoothing methodology and want automated Roth conversion optimization at a low price point. Not a fit for advisors who need client-ready visual presentations or custodial integrations.

Key features for Roth conversion planning

  • Automated Roth Conversion Optimizer (Premium tier)
  • Consumption smoothing methodology (maximize sustainable living standard)
  • Detailed federal and state tax calculations
  • IRMAA and FICA modeling
  • Unlimited what-if scenario comparisons
  • Social Security timing optimization
  • OBBBA 2025 tax law integration
  • Living Standard Monte Carlo (Premium tier)

5. Covisum Tax Clarity

Covisum’s Tax Clarity is a specialized tool that calculates effective marginal tax rates and optimizes Roth conversion timing by planning to effective marginal rate (EMR) band boundaries. Founded by practicing financial advisor Joe Elsasser, CFP, the tool focuses on identifying hidden tax interactions that general planning software misses.

What it does well:

The effective marginal rate analysis is the standout feature. Tax Clarity does not just show the nominal bracket rate. It calculates the actual rate including Social Security taxation interaction, IRMAA surcharges, the net investment income tax, and premium tax credit cliffs. This reveals effective marginal rates that can exceed 40% in income ranges where advisors might expect 22%.

For Roth conversion planning, this precision matters. A conversion that appears to cost 22% in the nominal bracket may actually cost 34% when Social Security taxation and IRMAA are factored in. Tax Clarity surfaces these interactions and helps advisors size conversions to stay within favorable EMR bands.

The companion Social Security Timing tool is among the most respected in the market, offering detailed analysis for single, married, divorced, and widowed scenarios including Government Pension Offset and Windfall Elimination Provision.

Limitations:

Each Covisum tool is a separate product. Tax Clarity does tax rate analysis. Social Security Timing does SS optimization. SmartRisk does portfolio risk analysis. Income InSight does retirement income modeling. There is no unified view that ties Roth conversion analysis, Social Security timing, and distribution planning together in a single workflow.

There is no interactive client portal. No custodial integrations. The company has approximately 10 employees, which limits product development velocity and support capacity. Integration with other advisor tools is limited.

Pricing: Base subscription pricing is not publicly disclosed. Associate licenses are $39.99/mo per additional user. Monthly or annual billing. No contract, cancel anytime. 10-day free trial. Enterprise pricing custom. Contact Covisum for current rates.

Best for: Advisors who want to deeply understand effective marginal tax rates and need specialized analysis that reveals hidden tax cliffs affecting Roth conversion decisions. Pairs well with a broader planning platform for the retirement income strategy layer.

Key features for Roth conversion planning

  • Effective marginal tax rate calculations including hidden interactions
  • IRMAA surcharge identification and modeling (core capability)
  • Roth conversion timing optimization by EMR band boundaries
  • Federal and state tax analysis
  • Client-ready visualizations of tax rate landscapes
  • Companion Social Security Timing tool (separate product)
  • No-contract, cancel-anytime pricing
  • 10-day free trial

6. Boldin (formerly NewRetirement)

Boldin is a consumer-first retirement planning platform that offers a Roth Conversion Explorer within its PlannerPlus tier. The platform provides comprehensive planning with 250+ inputs and recently added a Spending Guardrails Insight feature.

What it does well:

The price is hard to beat: $144/yr for consumers, $990/yr for the advisor-facing PlannerPro tier (Boldin pricing page, March 2026). For advisors starting a practice or operating with tight margins, Boldin provides Roth conversion modeling alongside broad retirement planning at a fraction of the cost of enterprise tools.

The PlannerPro tier offers a co-branded planning portal where advisors and clients can collaborate on plans. Weekly live Zoom classes on tax planning, Roth strategies, and asset allocation provide ongoing education. The Spending Guardrails Insight feature shows upper and lower guardrails for retirement spending, though this is a newer addition.

Boldin has a large consumer user base, which can serve as a referral pipeline for advisors using the platform. Clients familiar with Boldin from their own research may appreciate seeing the same tool in their advisor’s workflow (though this may also devalue the advisor’s contribution).

Limitations:

Boldin was designed for consumers first. The advisor workflow, client presentation quality, and analytical depth reflect that origin. The Roth Conversion Explorer provides basic modeling but lacks the multi-variable optimization of purpose-built tools (IRMAA cliff awareness is limited, Social Security taxation interaction is simplified).

There are no CRM or custodian integrations. No presence in T3 or Kitces advisor technology surveys. The recently launched guardrails feature is less mature than established implementations. For advisors serving high-net-worth clients or complex retirement situations, the tool may feel insufficient.

Pricing: PlannerPlus at $144/yr (consumer). PlannerPro at $990/yr per advisor (includes 10 PlannerPlus + 40 Basic client plans). Scale tier at custom pricing. (Boldin pricing page, March 2026.)

Best for: Solo advisors, early-career advisors, or fee-only planners working with moderate-wealth clients who need affordable Roth conversion modeling within a broader planning tool. Not recommended for practices serving complex retirement income clients.

Key features for Roth conversion planning

  • Roth Conversion Explorer with scenario modeling
  • Side-by-side scenario comparisons
  • Social Security Strategy Explorer
  • Spending Guardrails Insight (new)
  • 250+ planning inputs
  • Co-branded advisor-client portal (PlannerPro)
  • Weekly live tax and Roth strategy classes
  • Net worth tracking and detailed budgeting

How We Evaluated

We assessed each tool against six criteria based on what matters most for Roth conversion planning quality:

  1. Multi-year modeling (25% weight): Can the tool model a 5-15 year conversion strategy with variable annual amounts, or only single-year calculations?
  2. IRMAA integration (20% weight): Does the tool model Medicare surcharge cliffs and flag when a conversion crosses a threshold?
  3. Social Security interaction (20% weight): Does the tool calculate how conversion income affects the taxation of Social Security benefits?
  4. Client-ready output (15% weight): Can you present the analysis directly to a client without rebuilding it in another tool?
  5. Custodial integration (10% weight): Can the tool pull current balances from custodians automatically?
  6. Strategy comparison (10% weight): Can you compare 3+ strategies side by side with cumulative tax differences?

We also considered pricing, target market, and market presence (T3 2026, Kitces 2025 survey data) as context for each recommendation.

Client Scenarios: Which Tool Fits?

Scenario 1: The retirement income specialist with 50 distribution clients

Profile: Ellen, CFP, runs a practice focused exclusively on clients age 55-75. Her core service is retirement income planning: Social Security timing, Roth conversion strategies, tax-optimized withdrawals, and ongoing guardrails-based monitoring. She uses eMoney for comprehensive plans and needs a specialized tool for the retirement distribution piece.

Key requirements: Deepest possible Roth analysis integrated with SS and IRMAA. Client-ready output. Custodial integration. Works alongside eMoney.

Recommendation: Income Lab Tax Lab. The multi-strategy comparison with IRMAA cliff awareness and Social Security taxation interaction matches Ellen’s core service. Income Lab works alongside her eMoney platform and can also serve as a stand-alone retirement planning tool. For 50 distribution clients, the depth of analysis justifies the specialized tool cost.

Runner-up: Covisum Tax Clarity for the effective marginal rate analysis, plus Social Security Timing separately. This combination provides deep analysis but requires Ellen to assemble insights from two separate tools rather than one integrated view.

Scenario 2: The tax-first planner who leads with returns

Profile: James, CPA/PFS, runs a dual practice (tax preparation and financial planning). Every client engagement starts with scanning the tax return. Roth conversion opportunities emerge from the tax analysis. He needs the conversion planning to flow naturally from the tax return data.

Key requirements: OCR tax return scanning. Bracket visualization with conversion overlay. State tax detail. Multi-year projections.

Recommendation: Holistiplan Premium. The tax-return-first workflow matches how James practices. The OCR scanning eliminates manual entry, and the multi-year Roth projections build directly on verified tax data. If James needs deeper retirement income analysis for specific clients, he can add Income Lab Tax Lab for those cases.

Scenario 3: The new advisor building a lean practice

Profile: Priya, 28, recently launched a fee-only RIA through XYPN. She serves 30 clients across all life stages, from 30-year-old accumulation clients to 65-year-old retirees. Roth conversions are relevant for about 8 clients. She needs one affordable platform that handles everything.

Recommendation: RightCapital. At $124.95-149.95/mo, Priya gets comprehensive planning including Roth conversion analysis, the best client portal in the industry, and 15+ custodian integrations. The Roth modeling is not as deep as specialized tools, but it is sufficient for 8 retirement clients within a broader practice. As Priya’s practice grows and she develops a retirement niche, she can add a specialized tool later.

Budget alternative: Boldin PlannerPro at $990/yr if Priya needs to minimize costs further. She gives up client portal quality and analytical depth, but the Roth Conversion Explorer provides basic functionality at roughly one-fifth the cost of RightCapital.

Advisor takeaway: Match the tool to the practice, not the other way around. A retirement distribution specialist needs different capabilities than a comprehensive planner or a tax-first CPA. The best tool is the one that fits how you actually work with clients, not the one with the longest feature list.

The Bottom Line

There is no single “best” Roth conversion software. The right choice depends on three factors: how central retirement distribution is to your practice, whether you need a standalone Roth tool or one integrated into broader planning, and your budget.

For retirement distribution specialists, Income Lab Tax Lab provides the deepest integration of Roth conversion analysis with IRMAA management, Social Security taxation, and withdrawal sequencing in a single tool.

For tax-first practitioners, Holistiplan Premium offers the fastest path from tax return to conversion opportunity, with the most established tax planning engine in the market.

For comprehensive planners, RightCapital handles Roth conversions within an all-in-one platform that also covers every other planning function, with the best client portal available.

For economics-focused planners, MaxiFi provides automated conversion optimization through a rigorous consumption smoothing methodology at a remarkably low price.

For marginal rate specialists, Covisum Tax Clarity reveals hidden tax interactions that other tools miss, helping advisors size conversions with precision.

For budget-conscious practices, Boldin delivers basic Roth conversion modeling within a broader planning tool at the lowest advisor price point in this comparison.

The one option that is not “best” for any advisor: a spreadsheet. The interactions between tax brackets, IRMAA cliffs, Social Security taxation, state taxes, and the OBBBA tax law changes including the senior deduction phaseout are too complex for manual analysis. The cost of suboptimal conversion sizing, typically $10,000-$25,000 per client over a decade, far exceeds the annual cost of any tool on this list.

Income Lab’s Tax Lab automates multi-year Roth conversion analysis with IRMAA bracket management, Social Security interaction, and side-by-side strategy comparison. Book a 30-minute demo to run your client scenarios live.

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Sources

Last verified: March 2026

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