Software to help you guide clients through taxes in retirement.
Highlight the Retirement Tax Landscape
Tax Clarity allows you to quickly identify sub-optimal tax situations and show clients how to make retirement decisions in the most tax-efficient way. Calculate your client's effective marginal tax rate and identify dangerous points where just one additional dollar of income can push clients into much higher effective marginal tax rates.
Look at the tax landscape for any given year without creating a new case. Compare different withdrawal strategies on-screen and save and communicate the results with your clients.
Marketing Materials
Fully-loaded marketing kit including a field-tested, client-facing presentation, brochure, and direct mailer example.
Self-Employment Tax Feature
Calculate the impact of paying both the employee and the employer's share of Social Security and Medicare taxes for self-employed clients.
Pass-Through Tax Feature
Demonstrate the impact of the deduction for pass-through income and the phase-out of the deduction under the 2017 Tax Cuts and Jobs Act.
Saver’s Credit Feature
The Saver's Credit has become more important following the passage of the SECURE Act. Demonstrate the impact the Saver's Credit can have on a client’s retirement plan
Deep Integration with Income InSight
Seamlessly navigate from multi-year Tax Maps in Income InSight into Tax Clarity for deeper Tax Map analysis of any given year.
Access to Expert Support
Unlimited free access to our live expert support team who can help you with software or subject matter questions.
Use Tax Clarity during every annual client review meeting to look at the tax landscape for any given year without creating a new case. Easily show the tax impact of different plan decisions. Compare different withdrawal strategies on-screen and save and communicate the results with your clients.
Select add in a new client. When adding in a new client you will first select the type of client you have (Single, Married, Divorced, Widowed). Click on Save and Next.
It takes less than five minutes to input basic client information.
The earnings page will require you to enter in the Statement Date, how much the client will receive at Full Retirement Age, the age the client will stop working, and the anticipated annual income of the client after 62.
The software will automatically create two Social Security strategies. One will be the suggested strategy and the other will be the earliest strategy. On the left-hand side, you can see how they compare in their total benefit amount and click into them to view more details.
The right-hand side will show the break-even chart, which includes both strategies and their life expectancies. Depending on their life expectancy, the chart will show which is the best strategy for the client(s).
Click “Personalize Strategy” will allow you to create alternate strategies. Cash flows will give you further details on if their desired income is being met and what their cash flows will look like.
Your Covisum Experience
Try
Try Tax Clarity for free for 10 days with no obligation. No credit card required. Your 10-day free trial is designed to get you up and running with Tax Clarity.
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Subscribe and unlock additional features and branding capabilities. Gain access to marketing materials. No contract required.
Grow
Helping you grow is why we’re in business. That’s why we provide practice management and marketing resources that align with your subscription.
"Covisum® has developed state-of-the-art software, including Tax Clarity®, to better assist your client's retirement needs. They bring a very high level of value to my firm."
Tax Clarity subscriber
"Covisum’s tools have helped my firm with what can sometimes seem like a daunting task: providing a clear financial picture to clients and what various decisions mean to their investment portfolio, tax situation, and overall retirement income projections. Simply put, these tools are important conversation starters that can support the dialog every advisor should be having with their clients. "
David
Senior Financial Planner
“Very good tool to inspire and motivate prospects to take the next step towards becoming clients.”
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