For Financial Advisors

Last verified: July 14, 2026

Income Lab vs. Boldin

Boldin (formerly NewRetirement) helps consumers plan their own retirement. Income Lab is the professional retirement planning platform built for financial advisors: plan building, guardrails income strategy, tax planning, Social Security timing, and client-ready reports for real client meetings.

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#1 Retirement Distribution Tool, 3 years running (T3)

8.7/10 Advisor Satisfaction (Kitces 2025)

Income Lab is built for financial advisors.

It is professional retirement planning software for advisory practices, priced and designed for client work rather than personal use. Planning your own retirement? Boldin is a great DIY option for individuals: visit Boldin.

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The fundamental difference

Boldin and Income Lab serve different audiences. Boldin is a consumer planning app for individuals managing their own retirement. Income Lab is a full retirement planning platform built for financial advisors: plan building, guardrails, taxes, Roth conversions, Social Security, annuities, and client-facing reports in one professional workflow.

Boldin's Approach

Consumer self-service planning

"You have a 78% chance of meeting your retirement goals."

Consumer-first platform with an advisor tier (PlannerPro, $990/yr)
Monte Carlo projections give users a probability of success score
Boldin AI chat answers financial questions using your plan data
Roth conversion explorer, Social Security optimizer, and budgeting tools

Income Lab's Approach

A full platform for professional advisors

"Your client can spend $7,200/month. Here's what changes if markets drop."

Built for financial advisors managing client practices
Guardrails give clients a specific spending number, not a probability
Plan building, tax planning, Roth conversions, Social Security, and annuities in one platform
Advisor-branded reports and a client portal designed for client meetings

Feature comparison

Capability	Income Lab	Boldin
Built for financial advisors Designed for professional advisor practices and client workflows	✓	Consumer-focused
Specific spending recommendation "How much can I spend?" answered with a dollar amount	✓	Probability %
Guardrail-based monitoring Upper and lower guardrails that trigger automatic adjustments	✓	Spending Guardrails Insight (new)
Income sourcing Shows where every dollar comes from across accounts	✓	Basic
Custodian integrations Direct connections to Schwab, Fidelity, Orion, and more	✓	Limited
Client-facing reports Advisor-branded deliverables for client meetings	✓	Consumer reports
Roth conversion modeling Optimal conversion analysis with IRMAA awareness	✓	✓
Plan building from any file Meeting notes, transcripts, or statements become a client-ready plan in minutes	✓	✗
DIY consumer access Individuals can plan their own retirement without an advisor	Advisor-only	✓
Full retirement planning Plan building, taxes, Social Security, annuities, and stress testing from accumulation through distribution	✓	Consumer self-service
In-meeting answers (Penny) Roth conversions, IRMAA, Social Security, and estate questions answered live, with verified math and cited sources	Pulls the client's actual plan	Boldin AI chat (basic)
Verified math behind every answer Deterministic calculation engines do the arithmetic, never a language model	Verify button on every Penny response	Not applicable
Practice Intelligence AI that mines your client base for planning opportunities	Mines client base for planning opportunities	Not available
IRMAA appeal calculator Medicare surcharge appeal with SSA-44 form generation	Monthly precision; generates SSA-44 instructions	Not available
Vault Store and retrieve client records within Income Lab	✓	Document Vault (beta) in its consumer product
Starts at	$199/month	Free (consumer) / $990/yr (advisor)
Trial offer	Free 14-day trial	Free tier available

Boldin and Income Lab serve different audiences. Boldin is excellent for consumers who want to plan independently. Income Lab is the full planning platform advisors use to run professional client conversations.

What advisors gain with Income Lab

"How much can I spend?"

Every client asks this question. Consumer tools give them a probability score to interpret on their own. Income Lab gives advisors a specific monthly number to share: "You can spend $7,200/month." That clarity transforms the client conversation. See how Retirement GPS works.

Guardrails, not guesswork

When markets move, probability scores bounce. Income Lab's guardrails tell you exactly when to adjust and by how much. No annual plan rebuild. No client anxiety. The plan monitors itself continuously. Learn about our methodology.

Where every dollar comes from

Roth conversions, Social Security timing, withdrawal sequencing, bracket management. Income Lab shows advisors exactly where their clients' retirement income originates and how to optimize each source. Explore Tax Lab.

"Income Lab has been a game changer for me. With Income Lab it's very clear how much you can spend and the guardrails around that number."

Keith Spencer, CFP Spencer Financial Planning, LLC

Ready for professional-grade distribution software?

Whether your clients are using Boldin on their own or you've been exploring it yourself, Income Lab gives you the full professional planning platform that consumer apps are not built to deliver.

Import client data in minutes

Connect your custodian and pull in client data directly. Schwab, Fidelity, Orion, and more.

Clients can still use Boldin

Boldin is a great consumer tool. Your clients can keep using it for personal planning while you use Income Lab for professional advice.

Dedicated onboarding support

We walk you through setup and your first client plan so you're producing results in days, not weeks.

Free 14-day trial. Full Pro access.

No commitment. Monthly billing available after trial. Cancel anytime.

What Income Lab costs

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

Pro $299/mo $2,990/year

Professional software priced for client work. Every plan includes a free 14-day trial with full Pro access. Cancel anytime during the trial.

Common Questions

Is Boldin the same as NewRetirement?

Yes. Boldin rebranded from NewRetirement in 2024. The product is the same; only the name changed. If you're searching for NewRetirement comparisons, this is the right page.

What's the main difference between Boldin and Income Lab?

Audience and methodology. Boldin is a consumer-first platform (with an advisor tier at $990/yr) that uses Monte Carlo probability scores. Income Lab is a full retirement planning platform built for professional financial advisors: plan building, guardrails that give clients a specific spending number, tax planning, Roth conversions, Social Security optimization, and client-facing reports.

Can my clients use Boldin while I use Income Lab?

Absolutely. Many advisors' clients use consumer apps like Boldin for their own exploration. Income Lab gives you the professional platform: plan building, specific spending recommendations, guardrail monitoring, income sourcing, and advisor-branded deliverables for client meetings.

What does Income Lab do that Boldin doesn't?

Income Lab gives clients a specific spending number ("You can spend $7,200/month") instead of a probability score, and monitors plans continuously with guardrails that tell you exactly when and how to adjust. It is a full advisor platform: plan building from meeting notes or statements in minutes, tax planning, Roth conversions, Social Security optimization, custodian integrations with Schwab and Fidelity, and advisor-branded reports. Penny answers Roth conversion, IRMAA, and Social Security questions during the meeting with verified math.

How much does Income Lab cost?

Income Lab Core is $199/month ($1,990/year, saving 2 months free) and Pro is $299/month ($2,990/year). Start with a free 14-day trial with full Pro access. Monthly billing available.

Is there a trial offer?

Yes. Start with a free 14-day trial with full Pro access. Cancel anytime during the trial.

See the difference in 20 minutes

Bring a client scenario. We'll model it live and show you exactly what Income Lab would tell that client.

Free 14-day trial. Full Pro access. Cancel anytime.

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#1 rated retirement distribution tool. Compare side by side. Book a Walkthrough See Pricing