Press

On May 26, Covisum® hosted a webinar titled, Retirement Tax Strategies for RIAs.  This recent ThinkAdvisor article recaps the webinar's tips for helping clients take advantage of tax-saving opportunities and avoid unnecessary taxes in retirement. 

Many retirees believe that they can't claim Social Security because they make too much, but the retirement earnings test is significantly more complex. In this recent ThinkAdvisor article, Joe Elsasser, CFP®, explains how the retirement earnings test can allow advisors to tailor claiming strategies, even for clients who appear to have income more than the exempt amount. 

Covisum Founder and President, Joe Elsasser, CFP®, was recently a guest on the InvestmentNews podcast, Retirement Repair Shop where he spoke with host Mary Beth Franklin about the good, the bad and the ugly of Social Security. You can listen here. Retirement Repair Shop includes interviews with industry experts who offer solutions for navigating tricky retirement situations. This podcast is brought to you by InvestmentNews.  

A 5.9% cost-of-living adjustment for 2022 and ongoing conversations about inflation have left many Americans worried about the solvency of the Social Security program. It's possible that this will contribute to Social Security depletion dates moving forward another year, however claiming early out of fear is not a good financial decision. Once reserves are depleted, income from taxes will allow the program to continue to pay 76 percent of scheduled benefits, that's before you even consider the high likelihood of new legislation that will shore up the system. Advisors have the opportunity to educate clients and help them make smart Social Security claiming decisions–even in this uncertain time.