Covisum Rolls out Big Changes to Tax Clarity® Software

Updates will guide advisors through the 2017 Tax Cuts and Jobs Act

OMAHA, Neb. (April 17, 2018)– Today, Covisum announced major changes to its Tax Clarity® software. The upgrade supports financial advisors as they navigate the 2017 Tax Cuts and Jobs Act. With these software changes, advisors can help their clients visualize the new tax landscape and make better decisions about which income streams to use at particular points in retirement.

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Posted in Press Release

Real Daily highlights a report that suggests retirees have been underpaid millions

A recent article in Real Daily highlighted a report from the Inspector General of the Social Security Administration (SSA) that suggests almost 10,000 retirees have been underpaid beneficiary benefits to the tune of $132 million.

There are a few reasons for the discrepancy; many retirees do not understand the benefits they are entitled to, many others have been given poor advice or have difficulty navigating the system. 

For instance, the Social Security Administration office does not

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Posted in Social Security Administration

4 new features in Tax Clarity help advisors make an impact for their clients 

Everyone in the financial services industry is talking about how the changes to the tax law will impact clients, and the most prepared advisors will be able to capitalize on this enormous opportunity.

With Tax Clarity®, you can provide tax alpha and quickly identify sub-optimal situations, showing clients how to make retirement decisions in the most tax-efficient way. 

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Posted in Tax Clarity, New Resources, Tax Cuts and Jobs Act, New Tax Law, New Features

Tax Clarity adds Quick Reference Guide for free-trial and paid subscribers

Your one-stop reference for tax acronyms, brackets and more

Looking up tax brackets or what certain acronyms stand for can eat up a lot of time, interrupt your workflow and possibly even irritate clients during a meeting.

Tax Clarity’s Quick Reference Guide organizes some of the most commonly needed items for holistic retirement planning all on a single, easy-to-read page, keeping you focused on your clients and their retirement plans.

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Posted in Free Download, Tax Clarity, Free Trial, New Resources

WealthManagement.com: Explain Risk To Clients Now

Covisum President Joe Elsasser, CFP® recently contributed an article to WealthManagement.com, "Explain Risk To Clients Now," discussing how clients often have unrealistic downside expectations and some of the possible investment mistakes that can be made without properly analyzing their portfolio. He answers questions about effectively estimating a client's risk, what clients need to know about risk, how much a portfolio could lose in a particular period, diversification, and historical

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Posted in In The News, Risk, portfolio risk, Joe Elsasser, Downside Risk, Risk Tolerance, WealthManagement.com

ThinkAdvisor: Covisum's advisor and quant discuss cryptocurrencies and financial planning

In an ongoing series exclusive to ThinkAdvisor, Joe Elsasser, CFP® and Ron Piccinini, PhD provide readers with two distinct perspectives on the same topic. The most recent installment was published today, "The Advisor and the Quant: Cryptocurrencies and Financial Planning." 

In this edition, we asked both Joe and Ron what role will cryptocurrencies, like Bitcoin, play in financial planning strategies in the future?

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Posted in In The News, Joe Elsasser, Ron Piccinini, PhD, ThinkAdvisor, The Advisor & The Quant, Cryptocurrency

Throw CPAs a life jacket

Americans are inundating CPAs with questions about how the recently passed tax law will impact them. But most CPAs make their living off businesses and business owners with complex and time-consuming concerns, not the middle-income retirees calling with questions.

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Posted in Tax Clarity, CPAs, Grow your business, Tax Cuts and Jobs Act, New Tax Law

CNBC: Bad Social Security advice cost recipients $131 million, report finds

Covisum President Joe Elsasser, CFP® was recently quoted in a CNBC article, "Bad Social Security advice cost recipients $131 million, report finds." 

The article summarizes a report from the Social Security Administration's Office of the Inspector General, which estimated that 9,224 widow and widower beneficiaries, age 70 and up, were underpaid by over $131 million. The article goes on to explain how those who may have been affected can take steps to correct the issue. Joe offers this advice

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Posted in In The News, Social Security, Joe Elsasser, CNBC

ThinkAdvisor hears from the advisor and the quant: Using a Market Correction to Build Client Trust

In an ongoing series exclusive to ThinkAdvisor, Joe Elsasser, CFP® and Ron Piccinini, PhD provide readers with two distinct perspectives on the same topic – one from an academic, the other from a practicing financial advisor. The most recent installment was published today, "The Advisor and the Quant: Using a Market Correction to Build Client Trust." In this edition, we asked both Joe and Ron to discuss how to help clients deal with market volatility.

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Posted in In The News, Risk, Joe Elsasser, Ron Piccinini, PhD, Market Volatility, ThinkAdvisor, The Advisor & The Quant

WealthManagement.com: Is Social Security Benefit Planning Disappearing?

Covisum President Joe Elsasser, CFP® recently contributed an article to WealthManagement.com explaining explaining the value of Social Security benefit planning. When lawmakers passed the Bipartisan Budget Act of 2015, predictions circulated that the practice of helping clients maximize their Social Security benefits would wither and possibly even die. But optimizing Social Security benefit withdraws is still a relevant way to add to the bottom line of your clients’ retirement strategy.

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Posted in In The News, Social Security, Joe Elsasser, WealthManagement.com