How to make the most of your Social Security benefits

PlanStrongerTV™ hosted by David Holland, CPA, CFP® featured Joe Elsasser, CFP®, RHU®, REBC® and president of Covisum in an episode titled, "How to Make the Most of Your Social Security Benefits." Watch it now.

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Posted in Claiming Strategies, Industry Advice, Social Security, Social Security Timing, Webcast, Social Security Benefits, Retirement Planning, video

The School: improving lives through better retirement decisions

Financial advisors, now more than ever, must demonstrate value to clients in order to maintain and grow their businesses. But how?

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Posted in Blog, Claiming Strategies, Free Download, Industry Advice, Planning Techniques, Retirement, Social Security, The School

Social Security strategies in 2017

Joe Elsasser, CFP®, RHU®, REBC® and president of Covisum is passionate about improving lives through better financial decisions. He was recently featured on Financial-Planning.com in, "Social Security savviness still pays off."

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Posted in Blog, Claiming Strategies, In The News, Retirement, Social Security, Social Security Timing, Software Programs

5 big Social Security issues to think about in 2017

Check out these five Social Security issues to discuss with clients in 2017. Big changes in Social Security next year could cost clients some of their benefits. Read the article from Financial Planning.

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Posted in Blog, Claiming Strategies, COLA, Cost of Living Adjustment, Full Retirement Age, Retirement, Retirement Age, Social Security

Dead or alive?: Social Security planning a year after Bipartisan Budget Act

The reports of the death of Social Security planning have been greatly exaggerated. A year after its passage, we look at how the legislation’s elimination of two key Social Security claiming strategies has impacted clients and financial advisors.

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Posted in Bipartisan Budget Act, Blog, Claiming Strategies, Industry Advice, Planning Techniques, Social Security, Social Security Timing

Considerations for government employees

Posted on June 17, 2016

When I spoke about Social Security planning at the NTSAA 403(b) Advisor Summit in Las Vegas, much of the discussion centered on the Government Pension Offset (GPO) and Windfall Elimination Provision (WEP) in Social Security.

If you’re an advisor who works with teachers, police officers, firefighters, government employees or the spouses of those workers, you need to be aware of these provisions and how they affect your clients.

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Posted in Benefits, Claiming Strategies

Why claiming strategies are not ‘gaming the system’

Social Security turned 80 this year, and as you might expect, it has generated a lot of press — some good, some bad, and some just off the wall.

At times, it may feel like you need storm gear to protect yourself from the barrage.

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Posted in Claiming Strategies, Social Security

How good Social Security planning can offset 'disturbing' trend hurting widows

Posted on July 27, 2015

While researching the impact of male Social Security claiming and poverty rates for widows, I have read article after article that illustrates the need for competent financial advising, especially in the area of Social Security claiming decisions and retirement income planning.

There is no shortage of research literature that directly ties the financial futures of many women to the claiming decisions of their husbands. For example, a study commissioned by the Federal Reserve in 2012

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Posted in Benefits, Claiming Strategies

When helpful advice turns into long-term hardship

Posted on July 27, 2015

Several calls to our office in the past month reaffirm what advisors with Social Security expertise see all too often — consumers can get short-changed when they receive advice at their local Social Security office.

To illustrate this, we’ll use the real-life example of a widow who elected to first claim her widow benefits while waiting for retirement benefits to accumulate.

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Posted in Benefits, Claiming Strategies

How the Supreme Court decision on same-sex marriage impacts Social Security claiming

Posted on July 27, 2015

The June 26th Supreme Court decision that same-sex couples have a constitutional right to marry in all states has significantly impacted the landscape of Social Security claiming decisions.

In some cases, the Obergefell v. Hodges decision offers clarity. In others, many questions remain. Here, we’ll address the areas in which your clients might seek advice.

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Posted in Claiming Strategies, Same-sex Marriage