WealthManagement.com: Social Security Tax Management Moves Upstream
Katie Godbout, Director of Sales & Marketing
January 18, 2018
Covisum President Joe Elsasser, CFP® recently contributed an article to WealthManagement.com explaining how the Tax Cuts and Jobs Act represents a relatively significant tax cut for many retirees, but there are opportunities for advisors to help clients visualize the new tax landscape and make better decisions about which income streams to use at different points in retirement.
"Clients often don’t understand the relationship between ordinary income and long-term capital gains or qualified dividends and the impact on their tax bill, leading to potentially significant tax inefficiency in their retirement strategy. With these new larger standard deductions and lower rates, there are more planning opportunities for higher income retirees and more opportunities to do something to avoid a very high effective marginal rate right after minimum distributions kick in."
Katie thrives on making an impact and achieving big goals. She believes that communication strategy has a major impact on business success. As a strategic communicator with a diverse background in non-profit, B2B, healthcare, and SaaS, Katie combines her expertise in strategy development, marketing and sales to spread the word about how Covisum can help advisors and institutions inform their clients of the best financial decisions.