Tax Clarity

Tax Clarity is retirement tax planning software for financial advisors. It is one of the planning tools from Covisum, a firm created by an advisor for advisors.

The tool shows how retirement decisions affect a client's taxes, so advisors can point out weak spots and compare options on screen.

Main features

• Marginal tax rate analysis: works out a client's effective marginal rate and flags points where extra income pushes it sharply higher.
• Strategy comparison: compares withdrawal strategies and shows the tax effect of each.
• Roth conversion impact: illustrates what conversions do over time.
• Client reports: saves results so they can be shared with clients.

Clients

Financial advisors whose clients are planning for retirement, including during market downturns.

Key facts

• Maker: Covisum
• Sister tools: Social Security Timing and Income InSight