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.


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

Financial Literacy Month: Hosting Educational Seminars

Since 2004, the United States has recognized April as Financial Literacy Month and focusing on financial literacy is important now more than ever. According to the National Financial Educators Council (NFEC), a lack of financial knowledge cost Americans collectively more than an estimated $295 billion in 2018. 


Posted in Retirement, seminar, Financial Planning, Advisor, financial advisor, Financial Literacy Month

On-Demand Webinar: Tax-Efficient Planning for Baby Boomers

Clients don’t always understand the interactions between different types of income and deductions, leading to potentially significant tax inefficiency in their retirement strategy. Recently Joe Elsasser, CFP®, hosted a webinar to help advisors identify which accounts clients should withdraw from, and when, in order to make better retirement strategy decisions. The webinar is now is now available for on-demand viewing. Watch the webinar when and where it's convenient for you. 


Posted in Retirement, Tax, Tax Map, Webinar, Taxes, Income InSight

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 how combinations of different retirement incomes can create ugly distortions in tax rates. 


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

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

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. 


Posted in Retirement, Joe Elsasser, ThinkAdvisor, Hidden Value, life insurance

ThinkAdvisor: Covisum's advisor and quant discuss how to plan for health care costs in retirement

Posted on June 12, 2018

In an ongoing series exclusive to ThinkAdvisor, Joe Elsasser, CFP® and Ron Piccinini, PhD provide readers with two distinct perspectives on the same topic. Check out the most recent installment, "How to Plan for Retiree Health Care Costs." 

This week, we asked Joe and Ron how to plan for health care expenses in retirement. 


Posted in Retirement, Joe Elsasser, Ron Piccinini, PhD, Advisor, Quant, ThinkAdvisor, The Advisor & The Quant

3 questions that make creating a retirement investment strategy easier

Posted on May 21, 2018

Crafting a retirement investment strategy can be a daunting task for many people, even when they have a great financial advisor. The best way to help your clients get started is to remind them to slow down and answer three questions.


Posted in Industry Advice, Retirement, Retirement Age, Risk, portfolio risk, FinancialPlannng

Help your clients avoid the "tax torpedo"

Social Security Timing® subscribers have helped clients save for retirement and have given them coaching on when to start taking Social Security benefits. But do you understand the impact of other income on the taxability of Social Security benefits?

Understanding how different sources of income interact is critical, according to Greg Geisler in the September, 2017 Journal of Financial Services Professionals. Because of how Social Security benefits are taxed relative to other income, it can


Posted in Retirement, Tax Clarity, Taxes, Journal of FSP

Women & money: the retirement planning opportunity you may be missing

Posted on May 24, 2017

A new study reveals that although women are taking control of household finances, they’re unprepared to meet long-term financial goals and are not seeking financial planning advice.


Posted in Retirement, Social Security, Social Security Timing, Tax Clarity, women in retirement

Charting the retirement course on Covisum's Tax Map

Posted on May 23, 2017

Case Study: The Real Tax System

John and Jane are married and will be filing jointly. They are both over 65 years old. They have $50,000 in combined Social Security assets, $15,000 of net long-term capital gains, and $25,000 in IRA distributions.


Posted in Retirement, Tax, Tax Clarity, Tax Map, case study