Blog | Social Security (7)

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.

Read

Social Security

Social Security Planning Should Be an Essential Part of Your Practice

on March 19, 2019 | By Lauren Laferla, Director of Communications

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.

Read

In The News

2018 Tech Tools for Today Software Survey

on December 20, 2018 | By Lauren Laferla, Director of Communications

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.

Read

In The News

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

on December 12, 2018 | By Lauren Laferla, Director of Communications

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:

Read

Social Security

Frequently Asked Questions About Social Security Timing

on November 28, 2018 | By Lauren Laferla, Director of Communications

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.

Read

In The News

Technology Tools for Today: Covisum Tools Make It Easy

on November 1, 2018 | By Lauren Laferla, Director of Communications

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?

Read

In The News

CNBC: Your Social Security Check Could Be 2.8 Percent Bigger Next Year

on September 18, 2018 | By Lauren Laferla, Director of Communications

A recent article from CNBC says Social Security checks will likely increase next year. A 2.8 percent cost-of-living adjustment has been estimated by The Senior Citizens League. If the estimate is correct, the increase will be the highest bump retirees have seen in recent years.

Read

In The News

Social Security 'Break-Even' Calculations Can Be Misleading

on August 15, 2018 | By Lauren Laferla, Director of Communications

According to CNBC, one key calculation to keep in mind, when deciding when to claim Social Security benefits, is the "breakeven point," or the point at which the amount you receive if you claim later equals the amount you would have received if you had started early. However, a few blind spots can create misleading results and lead you astray.

Read

In The News

CNBC Highlights Social Security Calculator Options

on June 28, 2018 | By Lauren Laferla, Director of Communications

A recent article from CNBC offered an analysis of a handful of Social Security calculators currently available to assist advisors and consumers with the best claiming strategy. The details surrounding Social Security benefits are extensive, and calculators help streamline the process.

Read

Covisum Blog

Financial industry news, expert insights and best practices to help you grow your financial planning practice.

Covisum’s ecosystem of solutions can help you grow.

Stay Connected