Income Lab vs. MoneyGuidePro

Q: Can I use Income Lab alongside MoneyGuidePro?

Yes, and many advisors do. MoneyGuidePro handles comprehensive financial planning while Income Lab handles the retirement income conversation with adjustment-based guardrails. They complement each other well.

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

Income Lab gives clients a specific spending number instead of a probability score and monitors the plan continuously with guardrails that tell you exactly when and how to adjust.

Q: Does Income Lab integrate with my tech stack?

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

Income Lab vs. MoneyGuidePro

MoneyGuidePro tells clients they have a 78% chance of success. Income Lab tells them they can spend $7,200 a month. See why advisors focused on retirement income are adding Income Lab to their practice.

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

8.7/10 Advisor Satisfaction (Kitces 2025)

More than Monte Carlo

MoneyGuidePro is one of the most widely used financial planning platforms in the industry, known for its Monte Carlo simulations. Income Lab takes a fundamentally different approach to retirement income. Understanding the difference helps you choose the right tool for your practice.

MoneyGuidePro's Approach

Probability-based planning

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

Monte Carlo simulations produce a pass/fail probability score
Clients hear a percentage and wonder what to do with it
Plans are periodic snapshots that require manual rebuilds
Comprehensive planning tool with retirement as one of many features

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 retirement income distribution

Feature comparison

Capability	Income Lab	MoneyGuidePro
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
Monte Carlo simulation Probability-based projections across thousands of scenarios	Guardrails instead	✓ (core feature)
Roth conversion modeling Optimal conversion analysis with IRMAA awareness	✓	✓
Full financial plan Accumulation, estate, insurance, budgeting	Retirement-focused	✓
Client-facing reports Deliverables clients understand without explanation	✓	✓
Industry adoption Size of advisor user base	Thousands of advisors (growing)	Very high
Purpose-built for distribution Designed specifically for retirement income, not bolted on	✓	General tool
AI paraplanner (Penny) AI assistant covering tax, Medicare, estate, Social Security, and retirement planning	Full AI paraplanner covering tax, Medicare, estate, SS, retirement	Insights AI + Dash (prospect tool)
Verifiable AI (no hallucinated math) Deterministic calculation engines with AI verification	Deterministic engines for calculations; AI for classification and explanation. Verify button on every 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
Starts at	$199/month	$175/month
Trial offer	Free 14-day trial	Free trial available

Many advisors use both tools: MoneyGuidePro 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. MoneyGuidePro 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 MoneyGuidePro?

You don't need to cancel anything. Most advisors run Income Lab alongside MoneyGuidePro and use each tool where it's strongest.

Import client data in minutes

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

Run both tools side by side

Keep MoneyGuidePro 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.

Free 14-day trial. Full Pro access.

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

Common Questions

Can I use Income Lab alongside MoneyGuidePro?

Yes, and many advisors do exactly that. MoneyGuidePro handles comprehensive financial planning (accumulation, estate, insurance, budgeting). Income Lab handles the retirement income conversation with adjustment-based guardrails. They complement each other well, and this is one of the most common tool pairings in the industry.

What does Income Lab do that MoneyGuidePro 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 shows detailed income sourcing, so clients see where every dollar of their retirement income comes from.

What does MoneyGuidePro do that Income Lab doesn't?

MoneyGuidePro 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 complete financial plan, MoneyGuidePro 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 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.

Does Income Lab integrate with my tech stack?

Income Lab has direct integrations with Schwab, Fidelity, Orion, Black Diamond, Redtail, and other major custodians and portfolio management platforms. Data imports take minutes, regardless of what other planning tools you use.

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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