Income Lab vs. eMoney | Retirement Income Planning

Q: What does Income Lab do that eMoney doesn't?

Income Lab gives clients a specific spending number instead of a probability score, monitors the plan continuously with guardrails, and provides detailed income sourcing showing where every dollar comes from. It's purpose-built for retirement income distribution.

Income Lab vs. eMoney Advisor

eMoney covers the full financial plan. Income Lab goes deeper on the retirement income conversation. See why advisors use both, and why Income Lab wins when the question is "how much can I spend?"

#1 Retirement Distribution Tool (T3 2023-2024)

8.7/10 Advisor Satisfaction (Kitces 2025)

Where eMoney stops, Income Lab starts

eMoney is a comprehensive financial planning platform. Income Lab is purpose-built for retirement income distribution. They solve different problems, and many advisors use both.

eMoney's Approach

Comprehensive financial planning

"Your client has a 78% probability of success."

Monte Carlo simulations produce a probability score
Clients hear a percentage and wonder what it means for daily life
Plans are point-in-time snapshots that need periodic rebuilds
Broad financial planning suite covering accumulation, estate, insurance, and budgeting

Income Lab's Approach

Adjustment-based planning

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

Guardrails give clients a specific spending number
When markets move, the plan tells you exactly what to adjust
Continuous monitoring replaces periodic rebuilds
Purpose-built for the retirement income conversation

Feature comparison

Capability	Income Lab	eMoney
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	✓	✗
Income sourcing Shows where every dollar comes from across accounts	✓	Limited
Roth conversion modeling Optimal conversion analysis with IRMAA awareness	✓	✓
Tax-aware withdrawal sequencing Bracket management and withdrawal ordering	✓	Partial
Full financial plan Accumulation, estate, insurance, budgeting	Retirement-focused	✓
Client portal Client-facing dashboard for engagement	✓	✓
Estate planning Estate analysis and planning tools	✗	✓
Insurance analysis Life, disability, and long-term care modeling	✗	✓
Purpose-built for distribution Designed specifically for retirement income, not bolted on	✓	General tool
Starts at	$154/month	Contact for pricing
Trial offer	14-day free trial	✗

Many advisors use both tools: eMoney for comprehensive financial planning and Income Lab for the retirement income conversation.

What advisors gain with Income Lab

"How much can I spend?"

Every client asks this question. eMoney gives them a probability score. Income Lab gives them a specific monthly number: "You can spend $7,200/month." That clarity changes the entire conversation. See how Retirement GPS works.

Guardrails, not guesswork

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

Where every dollar comes from

Roth conversions, Social Security timing, withdrawal sequencing, bracket management. Income Lab shows clients exactly where their retirement income originates and why each source matters. Explore Tax Lab.

Already using eMoney?

You don't need to cancel anything. Most advisors run Income Lab alongside eMoney to strengthen the retirement income conversation.

Import client data in minutes

Connect your custodian and pull in client data directly. No manual re-entry from eMoney.

Run both tools side by side

Keep eMoney for comprehensive planning. Add Income Lab for the retirement income conversation.

Dedicated onboarding support

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

14-day free trial

Full Pro access. No long-term contract. Cancel anytime during trial.

Common Questions

Can I use Income Lab alongside eMoney?

Yes, and many advisors do. eMoney handles comprehensive financial planning (accumulation, estate, insurance, budgeting). Income Lab handles the retirement income conversation with adjustment-based guardrails and specific spending numbers. They're complementary tools that strengthen different parts of the client relationship.

What does Income Lab do that eMoney doesn't?

Income Lab gives clients a specific spending number ("You can spend $7,200/month") instead of a probability score ("You have a 78% chance of success"). It monitors the plan continuously with guardrails that tell you exactly when and how to adjust. It also provides detailed income sourcing that shows where every dollar of retirement income comes from. It's purpose-built for retirement income distribution.

What does eMoney do that Income Lab doesn't?

eMoney is a comprehensive financial planning platform covering accumulation, estate planning, insurance analysis, budgeting, and the full financial picture. Income Lab is focused specifically on retirement income distribution and decumulation. If you need a full financial plan, eMoney is the broader tool. If you need the best retirement income conversation, that's Income Lab.

How much does Income Lab cost?

Income Lab Core starts at $154/month (annual billing) and Pro is $199/month. Both come with a 14-day free trial with full Pro access. No long-term contract.

Is there a free trial?

Yes. Income Lab offers a 14-day free trial with full Pro access. No credit card charge until the trial ends, and you can cancel anytime before then.

What integrations does Income Lab support?

Direct integrations with Schwab, Fidelity, Orion, Black Diamond, Redtail, and other major custodians and portfolio management platforms. Data imports take minutes.