Buyer's Guide

Compare Retirement Planning Software for Advisors

Income Lab is comprehensive financial planning software for financial advisors. It answers "How much can I spend?" with a specific monthly dollar amount and risk-based guardrails, updates tracked plans every month, and keeps tax and Social Security planning in the same plan. See how it compares with eMoney, MoneyGuidePro, and RightCapital, and what each costs.

Book a Walkthrough See Pricing

#1 by market share in T3's retirement distribution category, three years running

8.60/10, top-rated Social Security All-Star (T3 2026)

How the platforms compare

Capability	Income Lab	eMoney	MoneyGuidePro	RightCapital
Spending answer How the plan answers "How much can I spend?"	Dollar amount with risk-based guardrails	Probability-anchored (spending solved to a success target)	Probability-anchored (spending solved to a success target)	Probability-anchored (spending solved to a success target)
Risk-based guardrails Guardrails set from the plan's overspending and underspending risk, not withdrawal-rate thresholds	✓	Not documented publicly	Not documented publicly	Withdrawal-rate guardrails (spending strategy)
Monthly plan monitoring Tracked plans update each month; any plan that needs a spending change is flagged with what to change and why	✓	Not documented publicly	Not documented publicly	Key-event alerts; no spending-adjustment alerts documented
In-meeting answers Planning questions answered during the client meeting, from the client's plan data	Penny (Pro), with math from deterministic financial models	Live what-ifs; no AI assistant documented	Limited: AI note summaries, read-only plan snapshot	AI agent (Premium and up)
Tax planning inside the plan Roth conversions, IRMAA awareness, and withdrawal sequencing	✓ Tax Lab, all 50 states and DC	✓ Roth conversions; IRMAA in a tax return analysis (beta); withdrawal sequencing not documented publicly	✓	✓
Financial planning across the client lifecycle Savings and accumulation planning, plan building, tax planning, Social Security, annuities, and stress testing	✓	✓	✓	✓
Plan building from documents Draft a plan from meeting transcripts, notes, or other planning documents, then review it	AI Plan Builder (Pro)	Via Jump/Zocks + CoPlanner	Not documented publicly	✓
Estate planning Estate analysis and planning tools	Penny (Pro): inherited IRA, beneficiary, and gift vs. inheritance analysis	✓	✓	✓
Insurance analysis Life insurance needs and long-term care	Cash value life insurance and long-term care modeled in the plan; no disability or insurance needs analysis	✓	✓	✓
Starts at	$199/month Pro $299/month	Contact for pricing	$175/month Annual plan, billed monthly	$149.95/month Annual commitment for the first year
Free trial	Free 14-day trial	Free trial on request	Available	Free 14-day trial

Competitor details from each vendor's published pricing and product pages, checked October 13, 2026 (eMoney re-checked October 19). "Not documented publicly" means we could not find the capability on the vendor's public pages, not that it is missing. Confirm current pricing with each vendor before you decide.

The bottom line

Income Lab wins when

your clients ask "How much can I spend?" and you want a specific dollar answer, risk-based guardrails around it, a monthly flag on tracked plans that need a spending change, and Tax Lab and Social Security analysis inside the same plan.

Choose another platform when

insurance needs analysis or in-depth estate analysis is the center of your practice (eMoney, MoneyGuidePro), or budgeting tools for accumulation-stage households lead your client work (RightCapital).

Who each platform is for

Different practices plan differently. Here is where each tool fits.

Income Lab

Advisors who want comprehensive financial planning with real depth in retirement income: a specific spending number, risk-based guardrails, Social Security analysis, and Tax Lab inside the same plan.

eMoney

Practices centered on estate and insurance modeling and detailed cash-flow data gathering.

MoneyGuidePro

Advisors who want a goals-based workflow built around Monte Carlo probability of success.

RightCapital

Advisors focused on budgeting tools for accumulation-stage clients.

Income Lab pricing

Core $199/mo $1,990/year, saving 2 months

Pro $299/mo $2,990/year

Start with a free 14-day trial with full Pro access. A credit card is required; cancel before day 14 and you are not charged. Monthly or annual billing after the trial.

Common Questions

What is the best retirement planning software for advisors?

There is no single best tool for every practice. If your clients ask "How much can I spend?", Income Lab is built for that question: it is comprehensive financial planning software for financial advisors, with its deepest work in retirement income, and the #1 tool by market share in the T3 survey's retirement distribution planning category, three years running (2024 to 2026). The survey ranks eMoney, MoneyGuidePro, and RightCapital in its separate financial planning category; the table above shows how they differ.

How much does retirement planning software cost?

Pricing varies by platform. Income Lab Core is $199/month ($1,990/year) and Pro is $299/month ($2,990/year). RightCapital starts at $149.95/month with an annual commitment for the first year. MoneyGuidePro starts at $175/month on an annual plan. eMoney is quote-based. Always confirm current pricing and what each tier includes.

How is Income Lab different from eMoney, MoneyGuidePro, and RightCapital?

Those platforms anchor the answer to "How much can I spend?" to a Monte Carlo probability of success. Income Lab answers with a specific monthly spending number and risk-based guardrails set from the plan's overspending and underspending risk. Plans you track are updated each month, and any plan that needs a spending change is flagged with what to change and why. With Pro, Penny answers Roth conversion, IRMAA, Medicare, and estate planning questions during the meeting from the client's Income Lab data.

Can I use Income Lab alongside my current planning software?

Yes. You can run Income Lab alongside your current platform while you move plans over, and there is nothing to cancel on day one. Start with a handful of households: connect supported custodians for account data, or draft plans from existing reports with AI Plan Builder (Pro), then review and complete each plan.

Do you offer a free trial?

Yes. Start with a free 14-day trial with full Pro access. A credit card is required; cancel before day 14 and you are not charged.

Why choose Income Lab over eMoney, MoneyGuidePro, or RightCapital?

Income Lab gives each client a specific monthly spending number with risk-based guardrails, and each month it flags the tracked plans that need a spending change. Its Social Security module, rated 8.60/10 and the top-rated Social Security All-Star in the T3 2026 survey, evaluates 9,000+ claiming combinations for couples, and Tax Lab compares Roth conversion, IRMAA, and withdrawal strategies in the same plan. Book a walkthrough and bring a real client scenario.

See the difference on your own client scenario

Bring a client scenario and see what Income Lab would tell that client.

Free 14-day trial with full Pro access. Credit card required; cancel before day 14 and you are not charged.

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Comprehensive financial planning software. #1 by market share in retirement distribution planning, three years running (T3). Compare side by side. Book a Walkthrough See Pricing