If you have a client who questions the benefit amount in a strategy, walk him or her through a selected strategy’s monthly cashflow to help them understand the strategy better.
You can locate the cashflow feature while you have the main workspace open.
Select the strategy option of the cashflow you’d like to view. Then select the “Monthly” option. Here you can review or explain how a client’s Social Security benefit could be paid on the specific election option.
Our support staff often receives calls asking about the spousal benefit amount. In this monthly cashflow, we can see that the spousal benefit is based on half of the husband’s Primary Insurance Amount (PIA). The spousal amount is not based on half of the retirement amount at his current age and does not include any delayed retirement credits (DRCs).
If you have questions on understanding the monthly cashflow, contact us 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.