On average, it takes advisors 5-10 minutes to run a report in Social Security Timing, Tax Clarity, or SmartRisk. The amount of time it takes to run an Income InSight report varies, depending on how complex the client's situation is.
The average report for Social Security Timing can be pulled in 5-10 minutes.
The average report for Tax Clarity can be pulled in 5-10 minutes.
The average report for SmartRisk can be pulled in 5-10 minutes.
The amount of time it takes to run an Income InSight report will vary depending on how complex the client’s situation is. A simple client case, including Roth conversion strategies, can be entered and run in under 10 minutes. Modeling complex strategies including multiple techniques can take longer. It could take 1-3 hours of software modeling to handle more complex cases including: multiple accounts, risk projections, Social Security decisions, tax-efficient harvesting patterns, and insurance considerations.
If you are in a free trial or have a paid subscription to any of the Covisum tools, you can contact our support team at email@example.com or 877.844.7213 and they can walk you through the inputs and answer subject matter questions.