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    FinPlan Friday: Tax Techniques for Down Markets

    In The News

    FinPlan Friday: Tax Techniques for Down Markets

    Planning Options in a Down Market Now that we’re in a bear market, there are a few techniques advisors can use to alleviate the burden on clients. Roth conversions are going to be particularly valuable because the funds will recover tax-free. Doing Roth conversions can spread out the tax liability earlier in retirement. Right now, there are no required minimum distributions under current rules for Roth IRAs, so it’s a good time to consider accelerating off Roth IRA and Roth conversions. Learn more about the best tax techniques for down markets in our FinPlan Friday discussion with Joe.
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    Hidden Value: Tax-Aware Retirement Planning Is Not ‘Tax Advice’

    In The News

    Hidden Value: Tax-Aware Retirement Planning Is Not ‘Tax Advice’

    This week in his Hidden Value column for ThinkAdvisor, Joe Elsasser, CFP®, discusses the difference between tax-aware retirement planning and "tax advice," and why advisors can, and should, talk taxes with clients.
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    FinPlan Friday: Give Retirement Advice That is Tax-Sensitive

    Tax

    FinPlan Friday: Give Retirement Advice That is Tax-Sensitive

    Tax-Aware Retirement Advice Taxes are a critical piece in retirement planning, yet most financial advisors avoid discussing the topic entirely out of fear violating federal regulations or industry standards that limit who can provide "tax advice." Lumping anything tax-related into "tax advice," however, is a disservice to the client. Learn how to give retirement advice that is tax-sensitive without crossing the line into tax advice in our FinPlan Friday discussion with Joe.
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    On-Demand Webinar: The Impact of the SECURE Act

    Tax

    On-Demand Webinar: The Impact of the SECURE Act

    on February 14, 2020 | By Lauren Laferla, Director of Communications
    The Setting Every Community Up for Retirement Enhancement Act (SECURE Act) offers significant changes for retirees. For instance, The age for required minimum distributions has been changed from 70½ to age 72. IRA contributions are no longer capped by age. The stretch IRA has now been limited to 10 years. Recently, Covisum® Founder and President, Joe Elsasser, CFP®, hosted a webinar to help advisors learn how you can capitalize on this opportunity. The webinar is now available for on-demand viewing. Watch the webinar when and where it's convenient for you.
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    Hidden Value: Avoid the SECURE Act's Long-Term Tax Traps

    In The News

    Hidden Value: Avoid the SECURE Act's Long-Term Tax Traps

    on February 10, 2020 | By Lauren Laferla, Director of Communications
    Hidden Value is a column in ThinkAdvisor where Joe Elsasser, CFP®, answers common questions with insights that advisors and their clients may not have considered. This week, Joe discusses the tax implications of the SECURE Act.
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    FinPlan Friday: The Savers Credit & The SECURE ACT

    Tax

    FinPlan Friday: The Savers Credit & The SECURE ACT

    The Saver's Credit The Saver's Credit has become more important following the passage of the SECURE Act, because now you are able to continue to contribute to a traditional IRA even after age 70 ½. Learn more about the Saver's Credit this week in our FinPlan Friday discussion with Joe.
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    5 Reasons You Should Try Tax Clarity Right Now

    Tax

    5 Reasons You Should Try Tax Clarity Right Now

    As 2019 starts to wind to a close, now is the perfect time to check out Tax Clarity®. The software helps you quickly identify sub-optimal situations and show clients tax opportunities. Use Tax Clarity to calculate your client's effective marginal tax rate and identify dangerous points where an additional dollar of income can create a much higher effective marginal tax rate. Here are five reasons that right now is the perfect time to start a 10-day free trial of the software.
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    Tax Cuts and Jobs Act: What Your Seminar Attendees Need to Know

    Tax

    Tax Cuts and Jobs Act: What Your Seminar Attendees Need to Know

    Addressing Tax Legislation in Your Financial Planning Seminars Significant changes brought on by the fairly recent Tax Cuts and Jobs Act (TCJA) have created some fantastic opportunities for strategic advisors. Offering a “taxes in retirement” seminar at your local library or community college, allows you to educate the public about the changes and gain some potential clients. However, the legislation is extensive and you don’t want seminar attendees to lose interest by diving into all of the details. Here are five topics that you need to address in your taxes in retirement seminar.
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    Announcing: The New and Improved Tax Clarity

    Tax

    Announcing: The New and Improved Tax Clarity

    Current Subscribers Now Have Access to The New Tax Clarity Save and compare as many alternates as you want and experience our new, cleaner interface with easier data entry and a better user experience. Current Tax Clarity subscribers can view the new features and enter client data in the updated Tax Clarity by visiting portal.covisum.com. Log in using your original credentials.
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