Did the Tax Cuts and Jobs Act Eliminate the Social Security Tax Torpedo?

The Tax Cuts and Jobs Act represents a relatively significant tax cut for most middle-income retirees, but the bill did nothing to change the interactions between different income sources in retirement, which means that retirees will need to pay close attention to which accounts they withdraw from at which points in time.

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Posted in Tax, Tax Clarity, Tax Reform, Taxes, Tax Cuts and Jobs Act

New resources added to Social Security Timing

Our team cares about your business growth goals and we've been hard at work creating content and materials to help you along the way. We wanted to let you know about some new resources we've added to Social Security Timing

Social Security Timing is the trusted resource for thousands of advisors for quick, accurate, and easy Social Security strategy identification and comparison.

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Posted in Marketing, Marketing Strategies, Social Security Timing, Clients

New features and resources added to SmartRisk

Our team cares about your business growth goals. That's one reason we created the software! And since its release, we've been hard at work adding features and resources that will help you attract and retain clients - all while providing the industry's best analytics at a smart price.

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Posted in Marketing, SmartRisk, Features, New

Don't take our word for it... tools that will help you help your clients

By David Cechanowicz, JD, MSFS, AIF, AEP, Senior Financial Planner, REDW Stanley

One of the most significant financial decisions that an individual or couple makes in their financial lives relates to retirement income planning. It is always shocking to hear the number of people and families that put their retirement income at risk by claiming Social Security benefits without proper analysis and advice. As an advisor, it’s a tale we hear too often from clients – and frequently the

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Posted in SmartRisk, Social Security Timing, Tax Clarity, Testimonial

New resources added to Tax Clarity

Our team cares about your business growth goals and we've been hard at work creating content and materials to help you along the way. With all the discussions about tax law in the news, we wanted to let you know about some new resources we've added to Tax Clarity

Top advisors use Tax Clarity to create a landscape view of tax for their clients. Tax Clarity instantly calculates your client’s effective marginal tax rate and lets you view alternates so that you can guide your clients to make

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Posted in Marketing, Tax Clarity, New Resources, Grow your business

Is my pension covered or not covered?

By Keith McCullough, Director of Support Services

It’s not uncommon for a client come into your office and tell you that they have a pension from the military, or a government or teaching job. If you ask them if the pension is covered under Social Security or not you’ll likely get a blank stare. 

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Posted in Social Security, Social Security Timing, Social Security Administration, Social Security Benefits, Pension

What will tax reform look like for the proactive advisor?

Now is the time to build relationships with CPAs

At this point, it seems safe to expect some form of tax reform will pass in the next several months. The House has already passed H.R. 1, the Tax Cuts and Jobs Act,” which includes a variety of changes to the personal income tax system and significant changes to corporate taxation. The Senate has released its proposal, which doesn’t reduce the number of brackets, but does smooth the progression with level steps between each new proposed

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Posted in Tax Clarity, Tax Reform

How New Tax Law Will Impact How You Help Clients

By Joe Elsasser, CFP®, president of Covisum

For all the talk about how the Trump tax plan, the House plan and the Senate plan change the current tax system, there has been little talk about just how similar they are to the current structure. For mass-affluent retirees and the advisors who serve them, the future is highly similar to the past — rich with opportunities to help clients

The tax plans don’t change the fundamental concepts in the current tax system. Here, we break it down by those

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Posted in Tax Clarity, Tax Reform, Trump, Joe Elsasser

Can I work and collect Social Security benefits?

By Keith McCullough, Director of Support Services

The better question would be, “What happens if I work while collecting a Social Security benefit?” The short answer is yes, a person can work and get Social Security benefits at the same time. But, if they are younger than the full retirement age, and they earn more than the yearly earnings limit, they may be subject to a reduced benefit. 

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Posted in Social Security, Social Security Timing, Social Security Benefits

Help your clients avoid the "tax torpedo"

Social Security Timing® subscribers have helped clients save for retirement and have given them coaching on when to start taking Social Security benefits. But do you understand the impact of other income on the taxability of Social Security benefits?

Understanding how different sources of income interact is critical, according to Greg Geisler in the September, 2017 Journal of Financial Services Professionals. Because of how Social Security benefits are taxed relative to other income, it can

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Posted in Retirement, Tax Clarity, Taxes, Journal of FSP