Knowledge Base: Frequently Asked Questions About Social Security Timing

Q: What are differences between Windfall Elimination Provision (WEP) and Government Pension Offset (GPO)?

A: While both the Windfall Elimination Provision (WEP) and Government Pension Offset (GPO) are aimed at reducing Social Security benefits for people who receive a pension from work in which they did not pay into the Social Security system, they differ in who they affect and how they impact benefits. You can get more information about WEP and GPO here. 

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

Knowledge Base: Frequently Asked Questions About SmartRisk

Q: What does SmartRiskTM do? 

A: SmartRisk uses a heavy-tailed model to provide more precise portfolio risk measurement, because the actual risk of big losses in client portfolios is much greater than the standard deviation calculation would suggest. SmartRisk doesn’t show what we think will happen; it’s what could happen. This more realistic estimate of risk allows advisors to have a conversation with the client in advance of the next downturn, and set reasonable expectations. In addition,

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Posted in SmartRisk, portfolio risk, portfolio volatility, Advisor, FAQ

On-Demand Webinar, "Last Minute Tax Moves: What Advisors Need to Know"

Covisum is hosting a free webinar on December 5 at 11:00 a.m. Central Time where advisors can learn how to optimize year-end tax opportunities for clients. Your clients have until the end of the year to harvest from an IRA, execute a Roth conversion, or take a capital loss. Join Joe Elsasser, CFP®, President and Founder of Covisum for this timely discussion. 

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Posted in Tax, Tax Clarity, Webinar, On-Demand Webcast, Joe Elsasser, Taxes

Forbes Finance Council: Three Reasons A Gig Economy Is Overvalued

In a recent article for Forbes, Covisum President, Joe Elsasser, CFP®, suggests that despite a recent resurgence, the gig economy may not be nearly as beneficial for the individual or the company as previously suggested. 

While a gig economy lowers fixed costs for businesses and provides more autonomy for people to do the work they want to do, the negatives far outweigh the benefits. Here's an excerpt:

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Posted in Joe Elsasser, Forbes, gig economy

Technology Tools for Today: Covisum Tools Make It Easy

Covisum tools make it easy to provide Social Security advice, model future tax situations and give more realistic estimates of downside portfolio risk

Recently, Bob Veres spoke with Covisum Founder and President, Joe Elsasser, CFP®. Here's the recap published in Technology Tools for Today.

Why does Covisum focus on providing tools for financial advisors who specialize in pre-retirement and retirement planning?
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Posted in In The News, SmartRisk, Social Security Timing, Tax Clarity, Joe Elsasser, Advisor, financial advisor