Hidden Value: Probability of Success vs. Consequence of Failure

Hidden Value is a column in ThinkAdvisor where Joe Elsasser, CFP®, answers common questions with insights advisors and their clients may not have considered. This week he takes a closer look at Monte Carlo simulations.

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Posted in Risk, portfolio risk, Financial Planning, Joe Elsasser, Risk Tolerance, ThinkAdvisor, Hidden Value, financial advisor, Income InSight

Forbes Finance Council: An Annual Checkup Can Keep Your Retirement Plan Healthy

Which accounts should you be tapping, and in which order?

In a recent article for Forbes Finance Council, Covisum Founder and President Joe Elsasser, CFP® suggested that regular checkups with a financial advisor are the key to a healthy retirement plan.  Help your clients make the most of their annual meeting with you with these tips.

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Posted in Retirement, Financial Planning, Joe Elsasser, Forbes, financial advisor

Income InSight Q&A

The retirement planning platform you’ve been waiting for has arrived: Income InSight™. Income InSight quickly and easily shows the impact of different decisions within a client’s financial plan. Covisum’s newest tool resolves conflicts commonly seen between loosely-integrated planning tools and deeply integrates with Covisum’s other tools: Social Security Timing®, Tax Clarity®, and SmartRisk™, to provide clients with a clear vision of their retirement.

I sat down with Joe Elsasser, CFP®,

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Posted in Joe Elsasser, Income InSight

Hidden Value: Tax-Savvy Tactics for Retirement Cash Flow

Hidden Value is a column in ThinkAdvisor where Joe Elsasser, CFP®, answers common questions with insights advisors and their clients may not have considered. This week he takes a closer look at the tax implications and the hidden opportunities created through interactions between various cash sources. 

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Posted in Tax, Tax Clarity, Joe Elsasser, Taxes, ThinkAdvisor, Hidden Value

Hidden Value: Roth IRA Conversions, How Much Is Too Much?

Hidden Value is a column in ThinkAdvisor where Joe Elsasser, CFP®, answers common questions with insights advisors and their clients may not have considered. This week he highlights the importance of evaluating Medicare surcharges and beneficiaries' future tax brackets when considering a Roth conversion. 

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Posted in Tax, Joe Elsasser, Taxes, Tax Law, ThinkAdvisor, Hidden Value

Forbes Finance Council: Is Working With a Robo-Advisor Right For You?

In a recent article for Forbes, Covisum Founder and President Joe Elsasser, CFP®, outlined the benefits and shortcomings of robo-advisors. 

For many people, it is worth at least considering a robo-advisor. For a relatively low price, robo-advisors are reasonably good at managing asset allocation for a given risk level.

However, there are a few situations where relying on a person as your financial advisor is a preferable option. For instance, robo-advisors can't pick up on the changes in

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Posted in FinTech, Technology, Tech, Joe Elsasser, Forbes, financial advisor

"Last Minute Tax Moves" Webinar Now Available for On-Demand Viewing

Your clients have until the end of the year to harvest from an IRA, execute a Roth conversion, or take a capital lossRecently, President and Founder of Covisum, Joe Elsasser, CFP®, hosted a webinar about optimizing year-end tax opportunities for clients. The webinar is now is now available for on-demand viewing. Watch the webinar when and where it's convenient for you. 

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Posted in Tax, Tax Clarity, Tax Map, Webinar, Joe Elsasser, Taxes

CNBC: Get a bigger Check By Using These Social Security Claiming Strategies

Recently, CNBC highlighted some frequently overlooked Social Security claiming strategies. The article offered tips for filing and suspending based on spousal benefits and navigating the earnings penalty. In addition, Covisum President and Founder, Joe Elsasser, CFP®, offered this advice about canceling your Social Security payments:

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Posted in Social Security, Social Security Timing, Joe Elsasser, Social Security Benefits, CNBC

Hidden Value: Think You Know the Capital Gains Tax Rate? Think Again.

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 the common belief that the tax rate is 15% on capital gains, and how the tiered bracket structure of qualified dividends and long-term capital gains can actually create some unique opportunities.

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Posted in Tax, Joe Elsasser, ThinkAdvisor, Hidden Value

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

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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Posted in Tax, Tax Clarity, Webinar, On-Demand Webcast, Joe Elsasser, Taxes