Change to printed client report better illustrates income gap
Katie Godbout, Director of Sales & Marketing
July 27, 2015
Many subscribers have been asking for a column that calculates the additional years of work and non-Social Security pension income, since we reflect that income in the projected-versus-desired-income graph on the printed report.
Thanks to our development team, the summary columns on the cashflow pages now feature a category titled “Other” in the printed client report. The total income from Social Security and the other possible income (additional work years and non-Social Security pension income) is calculated and either subtracted or added to reflect the income gap of the client’s annual income need.
This helps the advisor and client see how much Social Security may fall short, if at all, and transitions the conversation to focus on other assets that will help satisfy that income need. Please contact the Support Team if you have any questions at 877.844.7213.
Katie thrives on making an impact and achieving big goals. She believes that communication strategy has a major impact on business success. As a strategic communicator with a diverse background in non-profit, B2B, healthcare, and SaaS, Katie combines her expertise in strategy development, marketing and sales to spread the word about how Covisum can help advisors and institutions inform their clients of the best financial decisions.