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Retirement GPS
Turn-by-Turn Retirement Planning
Focusing on probability of failure in retirement raises client anxiety. But worse – it’s wrong! Retirement isn’t pass/fail. Income Lab plans employ risk-based guardrails to help clients understand what could lead to an adjustment in their spending and what those adjustments could look like – in dollar terms. We then automate plan monitoring and notify you when a plan calls for a change.
According to a recent LIMRA study, only 1 in 5 have a written retirement plan and those who do are 87% more confident in their retirement strategy.
"Income Lab has been a game-changer in my practice. While my traditional financial planning software is perfect for providing the 35,000-foot view of my clients' retirement goals, it does not provide us with the year-by-year adjustments that are essential to making it all the way through retirement. Income Lab gives me the tools that I need to develop meaningful, tax-efficient retirement income plans for my clients. It is the number one piece of technology in my tech stack. My only question is, where have you been all of my retirement income planning career? Regardless, it is in my toolbox now. It should be in yours too."
Andy Tapparo
MSF, RICP® Tapparo Capital ManagementThe 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.
