CNBC: Bad Social Security advice cost recipients $131 million, report finds

Katie Godbout, Director of Sales & Marketing
March 5, 2018


Covisum President Joe Elsasser, CFP® was recently quoted in a CNBC article, "Bad Social Security advice cost recipients $131 million, report finds." 

The article summarizes a report from the Social Security Administration's Office of the Inspector General, which estimated that 9,224 widow and widower beneficiaries, age 70 and up, were underpaid by over $131 million. The article goes on to explain how those who may have been affected can take steps to correct the issue. Joe offers this advice in the article: 

Unfortunately, receiving the wrong advice on Social Security claiming strategies is common, according to Joe Elsasser, president of Covisum, a provider of Social Security Timing software...We see that sort of situation a lot, where a divorced spouse doesn't have any idea what is available or what could be available based on their ex's record," Elsasser said.

Read the full article and learn other tips from Joe so you aren't leaving money on the table for your clients. Take it another step and subscribe to Social Security Timing® to help optimize your clients' Social Security benefits strategy and increase their retirement value by up to $100,000.

Buy Now

Never tried Social Security Timing? Take a 10-day free trial. 

Get blog notifications in your inbox.

Posted by Katie Godbout, Director of Sales & Marketing
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.