Blog | Joe Elsasser, CFP®, Founder and President of Covisum

Tax

How the Market Downturn Could Impact Your Retirement Tax Strategies

on January 25, 2023 | By Joe Elsasser, CFP®, Founder and President of Covisum

Now that we're facing a market downturn, it's more important than ever to make sure your clients are on the right track to make the most of their retirement income and avoid paying more taxes than they need to. Your retired clients are relying on you to help them make their funds last through these uncertain times. Here are a few specific considerations for preparing retirement income strategies for clients this year.

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Culture

Leaving 2020 Behind and Hoping for a Brighter New Year

on December 30, 2020 | By Joe Elsasser, CFP®, Founder and President of Covisum

A Note from the President There is no doubt that 2020 has been a whirlwind year for everyone, and we are more than ready to leave it behind and enter into an exciting new chapter in 2021. Covisum Founder and President, Joe Elsasser, CFP®, highlights some of Covisum's best and biggest moments from the past year and what subscribers can look forward to in 2021.

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Marketing

Analyzing Portfolio Risk Has Never Been Easier

on August 6, 2020 | By Joe Elsasser, CFP®, Founder and President of Covisum

SmartRisk Has Been Updated! While market swings and economic downturns are a normal part of investing, the recent market volatility has caused many investors to feel uneasy and make impulsive decisions. That is why we've made major changes to our SmartRisk™ software. The newly updated SmartRisk software makes it easier to show your clients and prospects their downside exposure prior to the next significant downturn. Use the software to estimate their potential loss, and prepare clients ahead of time for situations that are likely to create behavioral mistakes. With these software changes, you can help your clients better prepare for the next market dip and avoid panicking.

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Free Download

Roth Conversion Cheat Sheet For Financial Advisors [Free Handbook]

on June 17, 2020 | By Joe Elsasser, CFP®, Founder and President of Covisum

As markets recover, converting part of a client's traditional IRA into a Roth IRA can offer significant long-term tax benefits. Any of the recovery would be tax-free. In addition, smaller Roth conversions early in retirement can reduce later RMDs, spreading out the tax liability more evenly throughout retirement. So, we've gathered everything you need to know about Roth conversions into one place to make it easier for you to help clients take advantage of this strategy.

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In The News

The SECURE Act: What Advisors Need to Know

on December 26, 2019 | By Joe Elsasser, CFP®, Founder and President of Covisum

New Legislation Offers Significant Retirement Income Planning Changes The Setting Every Community Up for Retirement Enhancement Act or the SECURE Act was signed into law last week, and the new legislation offers significant retirement income planning changes. For advisors who specialize in retirement income planning, particularly for the mass-affluent, the legislation includes three major changes to review.

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