The evidence is clear: retirees rarely run out of money. Instead, they adjust over time, spending more when they can and less when they must. So the current focus on probability of failure is fundamentally flawed. The real questions are how likely is it that a client will need to take a pay cut, how large could it be, when might it occur, and how long could it last?
Income Lab uses total-risk based guardrails to build sophisticated, customized plans for how clients will adjust their spending as circumstances change. We continuously test these plans against current conditions and alert you when a client’s plan calls for a change.
Economic and Market
What a retiree can afford to spend is closely tied to current economic and market conditions like interest rates, inflation, and equity valuations. That means retirement risks are not the same in all environments.
Income Lab’s industry-first economic context engine allows you to incorporate information about market and economic conditions into your retirement spending advice. This engine is updated monthly so that your advice is never out of date.
Automated Plan Monitoring
Retirement income planning is not a one-time event. Dynamic planning requires ongoing plan monitoring. Income Lab provides you with a scalable system for continuous fiduciary-ready plan oversight. Our system updates monitored plans monthly and notifies you when a plan calls for a change. You and your clients can rest assured that your plans are being actively monitored.
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The first truly dynamic retirement