Social Security Timing Reorganizes as Covisum to Reflect Broader Product and Service Offerings for Financial Advisors

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Covisum’s software, training and community help financial advisors deliver retirement income plans that improve clients’ lives

Covisum logo

Covisum logo

Covisum takes some of the most complicated pieces of the retirement plan and simplifies them so the financial advisors can help their clients — and grow their business.

Social Security Timing®, a leading Social Security planning software company for financial advisors, is now Covisum™, LLC to better reflect its broader software and service offerings and its mission: to help financial advisors deliver retirement income plans that improve clients’ lives through better retirement decisions.

“Reorganizing as Covisum allows us to launch new products and services and to accommodate our long-term vision of empowering advisors to facilitate better retirement decisions,” said Joe Elsasser, creator of Social Security Timing and Covisum president. “We’re more than just a Social Security planning software company, as you’re seeing with our launch of Tax Clarity™ earlier this year and the planned launch later this year of a new retirement income planning tool.”

Social Security Timing will continue as one of Covisum’s core products, as thousands of financial advisors across the country continue to rely on its calculations and reports to help clients get the most out of their Social Security benefit.

Covisum means “shared vision” and reflects what drives the company, Elsasser said.

“We’re dedicated to improving the lives of both the financial advisors we serve and the clients they serve,” he said. “We do this through tools, training and support that empower them to make the most educated decisions — together. From every member of our Covisum team to the individual advisors we serve and ultimately to their clients, our goals align.”

With its launch in 2011, Social Security Timing helped pioneer the financial planning practice of identifying optimal Social Security benefits for clients. It was the first Social Security claiming software to receive a patent and continues to be cited in major media outlets including The Wall Street Journal and USA Today. In 2013, Social Security Timing introduced training for financial advisors to incorporate Social Security income into an overall financial plan that also addressed tax issues, risk management and strategically harvesting clients’ assets. The following year, it introduced The Arrow Group, a community for financial advisors who specialize in Social Security and related retirement income distribution planning.

“We’ve always been ahead of the Department of Labor’s fiduciary rule changes, because we’ve always fundamentally believed that financial advisors should act in the best interest of clients, and that doing so means looking at all pieces of a retirement plan,” Elsasser said. “Covisum takes some of the most complicated pieces of the retirement plan and simplifies them so financial advisors can help their clients — and grow their business.”

The February 2016 launch of Tax Clarity software hinted at the company’s evolution beyond Social Security software. Tax Clarity’s interactive “Tax Map” graphic helps financial advisors easily show clients that how retirement income is taxed is far more complicated than the progressive tax-bracket system they expect. By identifying scenarios in which clients’ effective marginal tax rates may be higher than the usual tax brackets, advisors can then identify when they should make withdrawals from various retirement income sources or, in conjunction with Social Security Timing, when to claim Social Security. The software’s revelation that in some cases retirees can lose 55% of some retirement income to taxes has grabbed attention from both the media and financial advisors.

“It’s exciting to see the response to each product rollout, because it validates what drives us — a constant search to know more, to be better, and to do more so we can exceed customer expectations and help them reach their retirement dreams,” Elsasser said. “The retirement income planning tool that’s in the final stages of development will enhance these other tools even more, making it even easier for advisors to create highly efficient retirement plans.”

About Covisum
Covisum provides financial advisors with software, training and support to deliver retirement income plans that improve the lives of clients by facilitating better retirement decisions. For more information, visit

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Dan Trumblee
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