InvestmentNews: New tax law offers opportunities for advisers and retirees

Katie Godbout, Director of Sales & Marketing
February 8, 2018
    

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After the Tax Cuts and Jobs Act passed and Covisum updated Tax Clarity to reflect the changes, we've seen a huge influx of interest in the software. We've updated all of our advisor-facing marketing materials that come with a paid subscription, including our white paper, "The Elephant and the Snowball: How Advisors Can, and Should, Talk Taxes with Clients." Recently, Mary Beth Franklin with Investment News covered the content in the article, "New tax law offers opportunities for advisers and retirees." Here's one of our favorite quotes from the article:

 

"Clients expect their advisers to know and understand the benefits and potential landmines of their financial strategy," said Joe Elsasser, president of Covisum, a technology and training service that offers Social Security Timing and Tax Clarity software programs. "Advisers will no longer be able to hide behind disclosures stating that they do not provide tax advice."

In releasing a newly updated white paper explaining the intricate interaction of various types of income on the taxation of retirement income, Mr. Elsasser said, "Financial advisers and their clients cannot afford to get this wrong."

 

Read the full article here.


Do you have clients who don’t understand the relationship between ordinary and capital incomes? If you do, they could be on their way to potentially significant tax inefficiency in their retirement strategy. You can help with Tax Clarity. Provide tax alpha and quickly identify sub-optimal situations to show clients how to make retirement decisions in the most tax-efficient way. Additionally, when you subscribe to the software you get an entire support team to help you answer client and software questions.

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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.