New

Penny is here. The AI paraplanner that answers retirement questions in the meeting, not after. Answered in the meeting, not after.

Live Workshop May 5, 2026 · 12:00 PM MT / 2:00 PM ET

Penny Live. Never say “I’ll get back to you” again.

Roth conversions. IRMAA crossings. Inherited IRA rules. Justin Fitzpatrick and Derek Tharp work through three of the client questions advisors usually defer, live with Penny, your new AI Paraplanner. Three hours of paraplanner math, compressed into a conversation.

Justin Fitzpatrick
Justin Fitzpatrick, CFA, CFP® President & Co-Founder · Income Lab
Derek Tharp
Derek Tharp, Ph.D., CFP®, CLU Head of Innovation · Income Lab
Penny
Penny AI Paraplanner · Income Lab Pro

Save Your Seat

Tuesday, May 5, 2026
12:00 PM MT / 1:00 PM CT / 2:00 PM ET
60 minutes, live Q&A included
Free to attend

A calendar invite with the join link will be emailed immediately after registration.

Three scenarios. Real math. Answered live.

Roth conversions without the IRMAA surprise

Watch Justin size a Roth conversion for a 63-year-old pre-retiree and show exactly where the next dollar crosses a Medicare bracket. The per-person surcharge that most advisors find out about the following October.

Inherited IRAs and the step-up basis advisors miss

The 10-year rule changed the math. So did the step-up basis on inherited taxable. Derek walks through how a beneficiary optimizer compares three drawdown paths in under a minute.

IRMAA as a planning variable, not a surprise

Penny reads the client's projected income, flags every bracket crossing through retirement, and shows the lifetime cost of each. The kind of micro-decision that can quietly save a household five figures.

The practice-level view most advisors never see

At the end, Derek pulls up the Practice Intelligence view and shows what happens when Penny runs the same three questions across a full book. This is the part that changes how advisors think about capacity.

Meet Your Speakers

Justin Fitzpatrick

Justin Fitzpatrick, CFA, CFP®

President & Co-Founder · Income Lab

Justin designed the guardrails methodology that powers Income Lab. He's spent a decade translating retirement income research into software advisors actually use in client meetings. In this session, he'll run the math, narrate the decisions, and show how Penny compresses a three-hour paraplanner exercise into a conversation.

Derek Tharp

Derek Tharp, Ph.D., CFP®, CLU

Head of Innovation · Income Lab

Derek leads product innovation at Income Lab and runs the firm's Kitces research partnership. Founder of Conscious Capital, Lead Researcher at Kitces.com, and Associate Professor of Finance at the University of Southern Maine. He'll walk through the newer Penny scenarios, the practice-level view, and the parts of the workflow most advisors haven't seen yet.

Penny

Penny

AI Paraplanner · Income Lab Pro

Penny is Income Lab's new AI paraplanner, built on verified retirement math rather than AI guesswork. She'll be the third participant in this session. Justin and Derek will walk through real client scenarios while Penny runs the calculations live. You'll see exactly how she reads client data, flags the decisions worth making, and returns the answer in seconds. See what Penny does →

Practitioner-led. Expect real scenarios and working math, not a product tour.

Before the Workshop

Skim one or two, then come with questions.

The framework, the math, and the product behind what you'll see live.

New Feature

Meet Penny

The AI paraplanner in Income Lab Pro. Every capability, every scenario, every tool.

→ Framework

The Retirement Paycheck

The core framework behind how much your client can actually spend in retirement.

→ Tax Planning

Roth Conversion Strategy for 2026

Conversion sizing, bracket management, and multi-year strategy with the new tax landscape.

→ Medicare

IRMAA Brackets 2026

Medicare surcharges, income thresholds, and how Roth conversions interact with IRMAA.

→ Estate

Inherited IRAs After the 10-Year Rule

Distribution strategies, step-up basis, and the drawdown paths most advisors miss.

→ Ready?

Book a Walkthrough

Can't wait for May 5? See Penny and the full Income Lab platform live on a call.

→

Reserve your seat.

Tuesday, May 5, 2026 · 12:00 PM MT · 60 minutes · Free for advisors.