The impact of tax reform on "Consider This" with Cathy Wyatt and Joe Elsasser

On February 9, Joe Elsasser, CFP® and President of Covisum appeared on "Consider This" on NET to discuss the impact of the Tax Cuts and Jobs Act. Watch the full interview here:

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Posted in In The News, Tax Reform, Joe Elsasser, Tax Cuts and Jobs Act, Tax Law, New Tax Law, video, NET

Tax law 2018: what financial advisors need to know

Covisum is hosting a free webinar on January 30 at 11 a.m. Central where advisors can learn how to capitalize on opportunities from the change in the tax law. Hear from Joe Elsasser, CFP®, RHU®, REBC® and President of Covisum and Dave Cechanowicz, JD, MSFS, AIF® AEP and Senior Financial Planner with REDW Stanley, in this must-attend webinar.

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Posted in Tax, Tax Clarity, Tax Map, Tax Reform, Webinar, Financial Planning, Joe Elsasser, Taxes, Retirement Planning, Tax Cuts and Jobs Act, Tax Law, New Tax Law

Join us for a live demonstration of Tax Clarity

Covisum's mission is to improve lives through better decisions. Advisors and financial institutions rely on us to help them guide their clients to make the best financial decisions. That's why we create software and reports that visually illustrate the value of a good decision. Advisors can quickly recognize and identify opportunities to save their clients from leaving significant money on the table.  

Learn more about how we can support you and your business at one of our upcoming live

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Posted in Software Programs, Tax, Tax Clarity, Tax Map, Tax Reform, Training, Support, Webinar, Demo, Financial Planning, Clients, Advisor, Grow your business, Features, Tax Law, New Tax Law

The Tax Landscape in 2018

The U.S. tax landscape is changing. Last week, the Tax Cuts and Jobs Act was passed into law. It is clear that there is a need for members of the general public to understand the changes and how those changes impact their personal situations. Financial advisors are faced with a choice – either take proactive steps to first become educated on the new laws, and then identify specific opportunities for their clients, or risk losing clients to other proactive advisors who choose the first path. 

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Posted in Tax Clarity, Tax Reform, Joe Elsasser, Tax Cuts and Jobs Act, Tax Law

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

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

Covisum featured in InvestmentNews

Posted on May 11, 2017

Retirement taxes are not for sissies

Opportunities abound for advisers schooled in tax-efficient withdrawals

Covisum's president, Joe Elsasser, was quoted in InvestmentNews. Here's an excerpt:

"Taxes are a critical piece in retirement planning, yet most financial advisers avoid discussing the topic for several reasons," writes Joe Elsasser, founder of Covisum, a training and software company that helps advisers create retirement income plans through smart Social Security claiming

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Posted in Tax, Tax Clarity, Tax Map, Tax Reform

How to approach ‘A Fine Mess’ of a tax code before Trump reform

Following the failed attempt to repeal and replace the Affordable Care Act, President Trump signaled that his next big effort would be to reform the tax code. But a few weeks later, he said an overhaul of the tax code would be pushed back so another attempt to repeal Obamacare would be a priority.

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Posted in Blog, Fiduciary Rule, Free Download, In The News, Tax, Tax Clarity, Tax Reform, White Paper

Will adjusted gross income continue to be important in a Trump tax world?

President Trump plans to provide tax relief for middle class Americans and simplify the tax code. How could this new tax plan, outlined in his “Tax Reform That Will Make America Great Again,” impact financial advisors? What could it mean for your clients?

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Posted in Adjusted Gross Income, Blog, Provisional Income, Social Security, Social Security Timing, Tax, Tax Clarity, Tax Reform, Trump