Covisum Blog

Advisors are using Tax Clarity to quickly produce a Tax Map and demonstrate how even the smallest adjustments to client retirement income will significantly reduce tax burden.

Because Social Security carries a substantial tax advantage over other forms of income, delaying benefits in order to build a larger Social Security benefit may have a greater positive tax impact than most people realize. Through our training tab you can find a calculator built by us to help you illustrate just how much Social Security income would be taxable for a given client. While we do not calculate the income taxes, it can aid you in the conversation about retirement income planning and how income taxes play an important role in the design of a retirement income strategy. If you are not a subscriber, try out the calculator here.