Tax-Efficient Planning Can Deepen Existing Client Relationships

Business Growth: Marketing & Referrals 

Prospecting is necessary for growing your practice, but maintaining your current client base is equally important — and it actually can contribute to growth.

Showing your existing clients areas where you can add money to their retirement can deepen their trust in you, securing their commitment and even leading them to tell their friends and family about you. Tax Clarity® subscribers can attest to the power of using the topic of taxes and the software

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Posted in Tax, Tax Clarity, Tax Map, Clients, Grow your business, Taxes, Tax Cuts and Jobs Act, Tax Law, New Tax Law

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. 

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

Live Webinar: Tax-Efficient Planning for Baby Boomers

Sequence of Withdrawals: Tax-Efficient Planning for Baby Boomers

Covisum® is hosting a free webinar on Wednesday, March 20 at 11:00 a.m. Central Time. Advisors will learn how to  identify which accounts clients should withdraw from, and when, in order to make better retirement strategy decisions.

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

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

4 Ways Financial Advisors Can Make the Most of this Tax Season

Tax Day is rapidly approaching, and there are a few ways that financial advisors can be really helpful during this stressful time of year.

Many financial advisors know that taxes have a significant impact on their clients, however potential compliance issues often lead to reluctance to talk about taxes. Lumping anything tax-related into "tax advice," is a disservice to your clients. Advisors have a duty to understand, consider and explain the tax consequences of various strategies. 

To talk

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Posted in Tax, Tax Clarity, Tax Map, Tax Reform, CPAs, Taxes, Tax Cuts and Jobs Act, Tax Law, New Tax Law

Schedule Annual Client Review Meetings

We are well into February, and we’ve reached the perfect time of year to schedule annual reviews for your clients who are still working. There are some opportunities for clients with earned income to clean-up before April 15. One of the most basic ways is through IRA contributions. You can use Tax Clarity® to identify opportunities where IRA contributions can be used to reduce the amount of taxable capital gains.

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Posted in Blog, Tax, Tax Clarity, Tax Map, Financial Planning, Technology, Taxes

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

"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

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