Blog | Social Security (6)

Social Security

FinPlan Friday: Form Partnerships with CPAs

on August 9, 2019 | By Lauren Laferla, Director of Communications

The Perfect Team: Financial Advisors and CPAs This week, Joe discusses the benefits of forming mutually beneficial relationships with Certified Public Accountants (CPAs). Smart advisors know that CPAs can add value to their practice, both by providing tax advice and by referring clients who need financial plans. Being unable to provide tax advice should not stop you from helping your clients build a tax-efficient retirement plan. Enable clients to make good decisions by building relationships with qualified tax professionals using our free CPA introduction letter template.

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Risk

Build a Better Tech Stack With Financial Advisor Technology

on July 24, 2019 | By Lauren Laferla, Director of Communications

Covisum's financial advisor technology can help you grow your financial planning practice by helping you communicate and deliver additional value to your clients. Separately, each tool can help you offer actionable insights into individual elements of a financial strategy. Together, the Covisum software suite allows you to build a comprehensive retirement strategy that includes: Social Security, tax efficiency, portfolio comparison and more. You can test your clients' financial plan against potential stress events. Provide the big-picture perspective that differentiates you from other advisors with the entire Covisum suite of financial advisor technology: Social Security Timing®, Tax Clarity®, SmartRisk™, and Income InSight®.

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In The News

Hidden Value: Help Clients Understand Potential Social Security Benefit Cuts

on July 18, 2019 | By Lauren Laferla, Director of Communications

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Social Security

FinPlan Friday: Find Your Financial Planning Niche

on July 5, 2019 | By Lauren Laferla, Director of Communications

Identify Your Ideal Client and Grow This week, Joe discusses the benefits of niching your financial planning practice. Advisors and firms that niche their practice achieve higher client growth, higher revenue growth, and higher profitability on average than firms and advisors who don't choose a niche. The Financial Planner's Guide to Client Persona Development was designed specifically to help financial advisors clearly define their niche. Download the guide to start establishing your niche and learn how you can serve that niche better than anyone else.

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Social Security

FinPlan Friday: Avoiding the "Tax Torpedo"

on June 7, 2019 | By Lauren Laferla, Director of Communications

FinPlan Fridays In our new video blog series, FinPlan Fridays, Covisum® Founder and President, Joe Elsasser, CFP®, will offer his take on the issues financial advisors see every day. Joe is a practicing financial planner with a unique perspective into the challenges for which Covisum provides technology solutions. Join us on the first Friday of every month for FinPlan Fridays, and get helpful tips to grow your financial planning practice.

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In The News

CNBC: Relying on your Spouse as Role Model for Money Could be Trouble

on May 28, 2019 | By Lauren Laferla, Director of Communications

A recent CNBC survey found that women are more likely than men to rely on their partner when it comes to finances. Thirty-two percent of female respondents cite their spouse as their financial role model. This can cause significant issues for them in the long-run.

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In The News

CNBC: Advisors help clients tackle the complexities of Social Security

on May 9, 2019 | By Lauren Laferla, Director of Communications

Americans nearing retirement have a lot of questions and anxiety about the Social Security program. According to a recent government report, the cost of the system will exceed its revenue next year for the first time since 1982. Additionally, if Congress doesn’t make a change to the current legislation, the reserve fund will be exhausted in 16 years, at which point recipients will see reduced benefits.

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In The News

Announcing: The New and Improved Social Security Timing

on May 7, 2019 | By Lauren Laferla, Director of Communications

Current Subscribers Now Have Access to Try Social Security Timing in the Covisum Portal For the past decade, Social Security Timing® has been helping advisors answer client questions about Social Security, and it is now easier to use than ever. We've updated Social Security Timing, deeply integrated it with Income InSight® and added it to our portal.

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In The News

CNBC: Experts Weigh-In on New Social Security Proposal

on May 6, 2019 | By Lauren Laferla, Director of Communications

Recently Nobel laureate and behavioral economist Richard Thaler suggested that individuals should be allowed to use their 401(k) plans to increase their Social Security benefits. CNBC took a closer look at his proposal and asked other Social Security experts to weigh-in.

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