Do Advisors and users of IncomeLab use the tool differently in the accumulation vs. the decumulation phases of retirement?
Once in retirement, are Advisors updating client balances quarterly and reviewing strategies with the client relating to Tax strategies, Roth Conversions, Withdrawal approach, etc?
For instance, in pre-retirement, defining a general Roth Conversion strategy is helpful for planning and visualization. In the reality of actual retirement, decisions on Roth conversions, exactly which accounts/funds/stocks we will Withdraw our income from to create a "paycheck", the actual investment returns we are seeing in real-time, all are a more nuanced part of an active decision making process. The IncomeLab tools can help us with this, but I feel it can not provide that detail level of guidance in the decumulation phase.
As a DIY retirement planner retiring at the end of this year, I leverage both IncomeLab and BoldIn. Both are great tools, but I plan to couple them with a written Quarterly Withdrawal Review plan that helps to guide me on how I will handle taxes, Bracket management, Roth Conversions, Withdrawal strategy, etc.
Please share how you are seeing Advisors and clients using IncomeLab in retirement. along with other tools and techniques.