DENVER, April 4, 2022 /PRNewswire/ — Income Laboratory, Inc. (Income Lab), the investment industry’s only provider of dynamic (not static) retirement planning software, today announced the formation of the Income Lab Research Council, bringing together professors and researchers in financial planning to exchange ideas and develop projects that can benefit the planning community, including advisors, investors, researchers, teachers and students.

The Income Lab Research Council, based in denverwill meet quarterly and aims to contribute both to the training of the next generation of advisors and planners and to the continuing education of current practitioners.

The inaugural council is composed of:

  • David EvansPhD, lecturer and director of the CFP® program, Purdue University

  • Justin FitzpatrickPhD, CFA, CFP®, Chief Innovation Officer and Co-Founder, Income Lab

  • Michael KothakotaPhD, CFP®, Professor of Practice, Kansas State Universityand lecturer, Colombia University

  • Derek LawsonPhD, CFP®, lecturer, Kansas State University

  • Craig LemoinePhD, CFP®, Financial Planning Program Director and Associate Professor, University of Illinoiseditor, Journal of Personal Finance

  • Johnny PoulsonCFP®, CEO and Co-Founder, Income Lab

  • Brandon RatzlaffCFP®, trainer, Texas University of Technologyand Associate Professor, Southern Methodist University

  • Derek ThrapPhD, CFP®, lecturer in finance, University of Southern Maine

“Our newly launched Research Council supports Income Lab’s mission to help people live their best retirement, with financial security,” said Fitzpatrick of Income Lab. “The pursuit of academic rigor and ongoing research to advance evidence-based retirement planning solutions is in our DNA, and we are thrilled to partner with this distinguished group of educators.”

Financial advisors use Income Lab’s cutting-edge technology to create and monitor dynamic retirement income plans to help retirees adapt to changing economic and market conditions, taxes and changes in expenses. Income Lab’s software monitors retirement plans monthly to see if circumstances have changed enough to warrant changes, then notifies advisors, who can discuss any adjustments with clients.

“I strongly believe that Income Lab is the future of retirement modeling and distribution software. Its tools are innovative and cutting-edge and we are excited to teach this platform to our financial planning students at University of Illinois“said Lemoine.

Kothakota added, “I’m excited to help Income Lab serve the retirement planning community and influence the direction of retirement planning research and education in America.”

About the Income Lab
Income Lab is the only provider of dynamic, not static, retirement planning software. Financial advisors use Income Lab’s cutting-edge technology to create and monitor dynamic retirement income plans that help retirees adapt to changing economic and market conditions, taxes and changes in spending client. Income Lab’s software monitors retirement plans monthly to see if circumstances have changed enough to warrant changes, then notifies advisors, who can discuss any adjustments with clients.

denver-based Income Lab was co-founded in 2018 by Chief Innovation Officer Justin Fitzpatrick, Ph.D., CFA, CFP®, and CEO Johnny Poulsen, CFP®, after careers in sales, distribution and management of financial services. For more information, visit www. incomelaboratory.com.

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SOURCE Income Lab

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