Social Security Timing

Social Security Timing, developed by Covisum, is a software solution designed to optimize clients' Social Security claiming strategy and potentially increase their retirement value. This tool caters to financial advisors, insurance agents, accountants, and attorneys, providing a range of features and resources to assist professionals in guiding their clients towards informed decisions regarding Social Security benefits. Social Security Timing offers insights and strategies to maximize retirement income for both individuals and married couples.

Key Features

Access to professionally created marketing materials: According to the vendor, Social Security Timing provides access to professionally created marketing materials such as emails, videos, presentation decks with scripts, and graphics. These resources can effectively promote and explain the benefits of optimizing Social Security claiming strategies to clients.

What's at Stake Feature: The vendor claims that Social Security Timing includes a feature that clearly visualizes the potential value of optimizing Social Security claiming strategies. This feature shows clients the amount of Social Security benefits they can access, helping them understand the significance of making informed decisions.

View Alternate Social Security Strategies: Social Security Timing automatically generates the four most common alternatives for married couples, including widest split, both at full retirement age, both in January of their full retirement age, and both at age 70. This feature allows users to explore different options and choose the most suitable strategy, according to the vendor.

Break-even Chart: Social Security Timing provides a comprehensive break-even chart that presents the best Social Security claiming strategy based on different life expectancy combinations. This feature enables users to make informed decisions that align with their unique circumstances, as claimed by the vendor.

Strategy Comparison: The vendor states that Social Security Timing allows users to effortlessly identify and compare various Social Security claiming strategies. This feature ensures quick and accurate analysis to determine the most advantageous approach for maximizing retirement income.

Benefit Cut Calculator: According to the vendor, Social Security Timing includes a benefit cut calculator that helps users understand the potential risks associated with benefit cuts and their impact on retirement strategies. This feature allows users to assess how potential benefit reductions may affect their clients' retirement plans, empowering them to make necessary adjustments.

Deep Integration with Other Covisum Software: Social Security Timing seamlessly integrates with other Covisum tools, according to the vendor. This integration enables users to navigate effortlessly between different software within the advisor portal, streamlining workflows and enhancing efficiency.

Access to Expert Support & Customer Success: Social Security Timing provides unlimited free access to a live expert support team, as claimed by the vendor. This ensures users receive prompt assistance and guidance whenever needed, maximizing the value and effectiveness of their subscription.

Quick & Easy Data Entry: Social Security Timing offers a user-friendly interface that facilitates quick and easy data entry. Users can manually input client data from Social Security statements or import data directly from ByAllAccounts®, according to the vendor. This simplifies the process and saves time.

Printable PDF Report: Social Security Timing generates a comprehensive printable PDF report summarizing the chosen Social Security claiming strategy and its potential impact on clients' retirement income. This feature provides a tangible resource for discussions and reference, as claimed by the vendor.