The retirement income planning platform IncomeConductor announced a platform update that enables advisors to integrate existing annuity assets seamlessly into holistic retirement plans, simulate future annuity purchases and compare multiple product options within client income strategies.

The new features connect annuity modeling directly to tax planning, RMD tracking and client reporting and are meant to deliver more precision and tax intelligence to strategies around existing annuity contracts as well as future purchases.

Advisors can now model lifetime income streams, period-certain guarantees and rider-based income options while assigning cost of living adjustments to any annuity income stream.

Another new aspect is that the platform projects growth rates specific to each annuity contract, separate from other portfolio segments and models taxation of non-qualified annuities, comparing exclusion ratios to withdrawals.

The update incorporates qualified annuity balances into required minimum distribution calculations and illustrates how qualified annuity income streams may meet RMDs required on all accounts.