March 24, 2025

The Future of Retirement Planning With Income Lab’s Justin Fitzpatrick

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“Most people I find are not all that interested in being in the weeds on finances. They just want somebody to say, ‘Hey, here’s the life you can live. Go do it. I’ll let you know when you need to make a change.’” – Justin Fitzpatrick

Retirement planning has been running the same tired plays for decades—Monte Carlo simulations, rigid spending rules, and confusing probability charts that often leave clients more anxious than assured. Justin Fitzpatrick, Co-Founder and Chief Innovation Officer of Income Lab, thinks it’s time to shake things up. 

In this episode, Dr. Jordan Hutchison sits down with Justin to break down a better way to help clients plan for retirement—one that’s dynamic, real-world, and focused on what actually matters. They tackle why traditional planning models could be holding Advisors back, how real-dollar conversations can help to build confidence, and why tax strategy might be the most overlooked edge in financial planning today. 

Why You’ll Love This Episode: 

  • Behavioral Finance Insights: Practical ways to reduce client anxiety about spending in retirement 
  • The Differentiator Factor: A breakdown of how tax strategies can set you apart from other Advisors 
  • Future-Focused Growth Strategies: A look at what’s next for planning technology—and how you can get ahead of the curve 

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About Our Guest

Justin Fitzpatrick, PhD, CFA, CFP® is the Co-Founder and Chief Innovation Officer of Income Lab, a financial planning software company focused on retirement income strategies. With a PhD from MIT and a background in academia, he brings a data-driven but practical approach to helping Advisors guide their clients through retirement. Before co-founding Income Lab, Justin worked in financial services, combining his knowledge of behavioral finance, tax strategy, and technology to develop tools that improve the way Advisors plan for the future. He regularly speaks at industry events and contributes thought leadership on financial planning innovation.

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