Social Security Planning Should Be an Essential Part of Your Practice

Social Security Planning is Not Dead!

It’s a common misconception that Social Security planning is dead. Social Security is a completely unique retirement income stream. For those transitioning into retirement, as long as this system exists, a key question will be: “When should I take my Social Security benefits?” This means that as a financial planner, answering this question should be a critical part of your retirement income practice. 

[...]

Posted in Social Security, Social Security Timing, Social Security Administration, SSA, Social Security Benefits

2018 Tech Tools for Today Software Survey

 
 
If you're a subscriber to Social Security Timing ®, Tax Clarity ®, or SmartRisk TM, we would love to hear your feelings about the software.  Recently, Bob Veres and Joel Bruckenstein created a survey of all of the software programs in the financial planning space. We would really appreciate it if you would consider completing the survey. 
[...]

Posted in SmartRisk, Social Security Timing, Software Programs, Tax Clarity, FinTech, Technology, Tech

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:

[...]

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

Knowledge Base: Frequently Asked Questions About Social Security Timing

Q: What are differences between Windfall Elimination Provision (WEP) and Government Pension Offset (GPO)?

A: While both the Windfall Elimination Provision (WEP) and Government Pension Offset (GPO) are aimed at reducing Social Security benefits for people who receive a pension from work in which they did not pay into the Social Security system, they differ in who they affect and how they impact benefits. You can get more information about WEP and GPO here. 

[...]

Posted in Social Security, Social Security Timing, Social Security Administration, Social Security Benefits, FAQ

Technology Tools for Today: Covisum Tools Make It Easy

Covisum tools make it easy to provide Social Security advice, model future tax situations and give more realistic estimates of downside portfolio risk

Recently, Bob Veres spoke with Covisum Founder and President, Joe Elsasser, CFP®. Here's the recap published in Technology Tools for Today.

Why does Covisum focus on providing tools for financial advisors who specialize in pre-retirement and retirement planning?
[...]

Posted in In The News, SmartRisk, Social Security Timing, Tax Clarity, Joe Elsasser, Advisor, financial advisor

How To Make the Most of Your Social Security Benefits

PlanStrongerTV™ hosted by David Holland, CPA, CFP® featured Joe Elsasser, CFP® and president of Covisum in an episode titled, "How to Make the Most of Your Social Security Benefits." Watch it now.

[...]

Posted in Claiming Strategies, Industry Advice, Social Security, Social Security Timing, Webcast, Social Security Benefits, Retirement Planning, video

New resources added to Social Security Timing

Our team cares about your business growth goals and we've been hard at work creating content and materials to help you along the way. We wanted to let you know about some new resources we've added to Social Security Timing

Social Security Timing is the trusted resource for thousands of advisors for quick, accurate, and easy Social Security strategy identification and comparison.

[...]

Posted in Marketing, Marketing Strategies, Social Security Timing, Clients

Don't take our word for it... tools that will help you help your clients

By David Cechanowicz, JD, MSFS, AIF, AEP, Senior Financial Planner, REDW Stanley

One of the most significant financial decisions that an individual or couple makes in their financial lives relates to retirement income planning. It is always shocking to hear the number of people and families that put their retirement income at risk by claiming Social Security benefits without proper analysis and advice. As an advisor, it’s a tale we hear too often from clients – and frequently the

[...]

Posted in SmartRisk, Social Security Timing, Tax Clarity, Testimonial

Is My Pension Covered or Not Covered?

It’s not uncommon for a client come into your office and tell you that they have a pension from the military, or a government or teaching job. If you ask them if the pension is covered under Social Security or not you’ll likely get a blank stare. 

[...]

Posted in Social Security, Social Security Timing, Social Security Administration, Social Security Benefits, Pension

Can I Work and Collect Social Security Benefits?

The better question would be, “What happens if I work while collecting a Social Security benefit?” The short answer is yes, a person can work and get Social Security benefits at the same time. But, if they are younger than the full retirement age, and they earn more than the yearly earnings limit, they may be subject to a reduced benefit. 

[...]

Posted in Social Security, Social Security Timing, Social Security Benefits