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    On-Demand Webinar,

    Tax

    On-Demand Webinar, "Last Minute Tax Moves: What Advisors Need to Know"

    on November 14, 2018 | By Lauren Laferla, Director of Communications
    Covisum is hosting a free webinar on December 5 at 11:00 a.m. Central Time where advisors can learn how to optimize year-end tax opportunities for clients. Your clients have until the end of the year to harvest from an IRA, execute a Roth conversion, or take a capital loss. Join Joe Elsasser, CFP®, President and Founder of Covisum for this timely discussion.
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    Forbes Finance Council: Three Reasons A Gig Economy Is Overvalued

    In The News

    Forbes Finance Council: Three Reasons A Gig Economy Is Overvalued

    on November 12, 2018 | By Lauren Laferla, Director of Communications
    In a recent article for Forbes, Covisum President, Joe Elsasser, CFP®, suggests that despite a recent resurgence, the gig economy may not be nearly as beneficial for the individual or the company as previously suggested. While a gig economy lowers fixed costs for businesses and provides more autonomy for people to do the work they want to do, the negatives far outweigh the benefits. Here's an excerpt:
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    Hidden Value: 4 Ways Advisors Can Support Clients With Dementia

    In The News

    Hidden Value: 4 Ways Advisors Can Support Clients With Dementia

    Hidden Value is a new column in ThinkAdvisor where Joe Elsasser, CFP®, answers common questions with insights advisors and their clients may not have considered. This week he offers suggestions for financial advisors who may be advising an elderly client in the early stages of dementia. Advisors can do a few things to make this difficult situation easier and add additional value to their most vulnerable clients.
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    Tax Clarity Questions & Answers

    Tax

    Tax Clarity Questions & Answers

    Q: What does the gray portion of the Tax Map represent? A: The gray portion of the Tax Clarity® Tax Map represents the effective marginal rate (EMR). If you are looking at the “Rate on the next dollar of ordinary income” map, the software indicates at each ordinary income dollar (i.e. IRA distribution, pensions, earned income, etc.) how that ordinary income dollar and other income (Social Security, capital gains, self-employment, etc.) will be taxed. In other words, the software assesses what is being taxed at that ordinary income dollar amount and adds all of the taxation together. That is why the EMR may be higher than the ordinary income or capital gains tax bracket at certain times. The gray portion of the Tax Map allows you to determine just how many ordinary income or capital gains dollars, such as qualified dividends, your client will have before triggering another taxation point.
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    Forbes Finance Council: Why Your Financial Advisor Should Tell You What You Need To Hear-Not What You Want

    In The News

    Forbes Finance Council: Why Your Financial Advisor Should Tell You What You Need To Hear-Not What You Want

    In a recent article for Forbes, Covisum President, Joe Elsasser, CFP®, highlighted the benefits of choosing a planning-oriented advisor who will encourage you to make smarter financial decisions. Planning-oriented advisors are particularly adept at seeing the big picture. They ask their clients the tough questions to help them see the impact of every financial decision and how those decisions impact long-term financial goals.
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    The Covisum DNA: A Look at Company Culture and Vision

    Marketing

    The Covisum DNA: A Look at Company Culture and Vision

    Call us a SaaS company, a fintech leader or a software company, but we believe we are more than that. Recently, we sat down with Katie Godbout, our director of sales and marketing, and asked a few questions about Covisum. How do you say Covisum anyway? A lot of people ask that, not surprisingly. Phonetically, it's "ko-vee-some." Lots of times, people add an extra syllable, and say something like, "ko-vee-see-um." It's not a word used in normal conversation, so I can understand why it's hard to say. And what does it mean? Covisum, when you break it apart, means "shared vision" and has a foundation in Latin. We chose to name our company Covisum because we believe in putting our customers and their clients at the forefront of our decision-making.
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    Hidden Value: Beware the Social Security Tax Torpedo

    In The News

    Hidden Value: Beware the Social Security Tax Torpedo

    Hidden Value is a new column in ThinkAdvisor where Joe Elsasser, CFP®, answers common questions with insights advisors and their clients may not have considered. This week he discusses avoiding the tax torpedo and how combinations of different retirement incomes can create ugly distortions in tax rates.
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    Hidden Value: How to Help Retirees Pick the Right Life Insurance

    In The News

    Hidden Value: How to Help Retirees Pick the Right Life Insurance

    on September 21, 2018 | By Lauren Laferla, Director of Communications
    Hidden Value is a new column in ThinkAdvisor where Joe Elsasser, CFP®, answers common questions with insights advisors and their clients may not have considered. This week Joe tackles how to help clients pick the right life insurance.
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