Hidden Value: 4 Ways Advisors Can Support Clients With Dementia

Hidden Value is a new column in ThinkAdvisor where Joe Elsasser, CFP®, answers common questions with insights advisors and their clients may not have considered. This week he offers suggestions for financial advisors who may be advising an elderly client in the early stages of dementia. Advisors can do a few things to make this difficult situation easier and add additional value to their most vulnerable clients. 

[...]

Posted in Joe Elsasser, Clients, ThinkAdvisor, Hidden Value, financial advisor

Knowledge Base: Frequently Asked Questions About Tax Clarity

Q: What does the gray portion of the Tax Map represent?

A: The gray portion of the Tax Clarity® Tax Map represents the effective marginal rate (EMR). If you are looking at the “Rate on the next dollar of ordinary income” map, the software indicates at each ordinary income dollar (i.e. IRA distribution, pensions, earned income, etc.) how that ordinary income dollar and other income (Social Security, capital gains, self-employment, etc.) will be taxed. In other words, the software assesses

[...]

Posted in Tax Clarity, Tax Map, Taxes, FAQ

Forbes Finance Council: Why Your Financial Advisor Should Tell You What You Need To Hear-Not What You Want

In a recent article for Forbes, Covisum President, Joe Elsasser, CFP®, highlighted the benefits of choosing a planning-oriented advisor who will encourage you to make smarter financial decisions.

Planning-oriented advisors are particularly adept at seeing the big picture. They ask their clients the tough questions to help them see the impact of every financial decision and how those decisions impact long-term financial goals.  

[...]

Posted in Joe Elsasser, Clients, Advisor, Forbes, financial advisor

The Covisum DNA: A Look at Company Culture and Vision

Call us a SaaS company, a fintech leader or a software company, but we believe we are more than that. Recently, we sat down with Katie Godbout, our director of sales and marketing, and asked a few questions about Covisum. 

How do you say Covisum anyway?

A lot of people ask that, not surprisingly. Phonetically, it's "ko-vee-some." Lots of times, people add an extra syllable, and say something like, "ko-vee-see-um." It's not a word used in normal conversation, so I can understand why it's hard

[...]

Posted in Marketing, Marketing Strategies, Culture

Hidden Value: Beware the Social Security Tax Torpedo

Hidden Value is a new column in ThinkAdvisor where Joe Elsasser, CFP®, answers common questions with insights advisors and their clients may not have considered. This week he discusses how combinations of different retirement incomes can create ugly distortions in tax rates. 

[...]

Posted in Retirement, Tax Clarity, Joe Elsasser, Taxes, ThinkAdvisor, Hidden Value