The Whole Truth About Qualified Plans
Qualified plans, such as the 401(k), are like “sacred cows,” as Garrett Gunderson aptly calls them in his book. Since the 401(k) was introduced, it
Qualified plans, such as the 401(k), are like “sacred cows,” as Garrett Gunderson aptly calls them in his book. Since the 401(k) was introduced, it
When financial professionals recommend whole life insurance, one challenge consistently arises: helping clients understand why it works. Most consumers have been conditioned to compare life
When clients ask whether they should aggressively pay off debt or continue investing while making regular payments, emotions often drive the conversation. Yet effective debt
Whether you’re an amateur or long-time veteran, a smart real estate deal always starts with research. So how do you properly analyze a real estate
When choosing the right mortgage, whether you’re a couple buying your first home or on to your third home, it’s essential to look at all
A Better Way to Help Clients Spend, Pay Down, and Use Their Wealth with Confidence Most typical financial plans are built to answer one question:
Most people are taught to think about retirement as a single mountain to climb: accumulate a big investment account, then start pulling income from it
Is it more efficient to finance your purchases with cash? Thanks to the Borrowing Strategy calculator, we can find out exactly how to optimize your
Do you know the whole truth about how interest rates and rates of return work? Did you know borrowing money at 4% and investing at
When you walk into a dealership and see “0% interest,” it feels like a no-brainer. Why wouldn’t you take a loan with no interest? But
A Look at the Data Despite the increased talk of student debt forgiveness, there’s a high probability that debt isn’t going anywhere: at least not
The Truth Concepts suite is designed to be versatile, and some demonstrations can be done on multiple calculators. Todd has designed the calculators this way
Gross vs. Net DividendsDividends can be a challenging concept for clients to grasp—from defining a dividend to options for receiving them. Dividends also work differently
Tax language—you’ll often hear talk about tax loopholes, tax breaks, and tax shelters. All have a negative implication and show a fundamental misunderstanding of why
Do your clients understand the POWER of savings? Based on the current financial dogma that permeates the financial space right now, maybe not. More than
There’s a lot of buzz around using life insurance cash value for loans—some of it rooted in truth, and some driven more by marketing hype
Truth Concepts is about showing clients the truth of ALL things financial. Whole life insurance is often left out from financial software because it’s notoriously
Truth Training can be an incredible time to learn the Calculators directly from Todd, as well as benefit from a room of like-minded people. There’s
What is the purpose of the Truth Concepts calculators? On the surface, the answer to this question may seem simple enough. The purpose is to
While we’re not in the credit improvement business, credit is an essential piece of the financial puzzle. We all have a credit score, and that
Many Americans dream of retiring early, yet it can secretly sabotage your clients’ finances. As an advisor, it’s essential to highlight the benefits and risks
One of the great benefits of using the Real Estate Calculator is that it automatically calculates the Net Cash Out of a deal, as well
In the world of finance, there’s one thing we can’t afford to compromise on: the truth. At Truth Concepts, we believe math is absolute. There’s
Interpolation in Life Insurance Values When working with a client, there are times you’ll want to get specific and times when it’s okay to be
The Importance of Cash You’ve heard the phrase, “Cash is King.” What it suggests is that cash, and cash flow, are more valuable than any other
“There is nothing more uncertain than life, and nothing more certain than life insurance.” Solomon Huebner Foundational Life Insurance Education It’s easy to get caught
TLDR: The Automobile Purchases Calculator in Truth Concepts™ software helps clients grasp financial concepts like opportunity cost and leveraging “other people’s money.” Using hypothetical examples,
With interest rates at what they are, you may be tempted to take up an offer of a 0% car loan without hesitation. However, it’s
Integrity is the life insurance agent’s most important quality, but make no mistake: it takes hard work to maintain that integrity. You have to be
The role of a financial advisor is, in large part, to help your clients solve problems. They come to you because they want to solve
One reason the stock market is so well-regarded in typical finance is because people believe they can get a 12% “average” ROR. When combined with
In the life insurance space, we spend a lot of time talking about whole life insurance vs. term insurance, or whole life vs. universal life
The side-by-side calculator offers a simple and easy way to put two calculators next to each other and analyze them together, column by column. Using
The Life Insurance Values tool is an invaluable way to showcase life insurance illustrations, including ones already in force. This means it’s ideal for using
Financial myths are so easy to perpetuate because they’re simple and convenient. The human brain loves a good phrase or adage because it provides a
Sometimes, life insurance companies differentiate how interest is applied to policy loans by using the terms “in Advance” or “in Arrears.” This has led to
Interest is a complex topic that only gets more complex as you dig down into it. As such, interest rates are often misunderstood. One example
Buy term insurance and invest the difference (the difference of premium between term and permanent insurance) is perhaps some of the most pervasive life insurance
“There are no deals in the life insurance industry…” This quote, more perhaps than any other, is something we must take to heart when we
How do you calculate the internal rate of return on an investment when the cash flows vary and you can’t use other financial calculators because
You may have known that our full Truth Concepts software suite is available to anyone free for 30 days, yet did you know that you
Many of the common business phrases and jargon exist because there’s truth to them—we wouldn’t give them merit otherwise. You’ve probably heard phrases like:
Is it possible to completely inflation-proof your money and assets? Inflation is the “silent tax”. After all, since inflation represents the purchasing power of money,
Let’s use a Cash Flow Calculator to tell the whole truth about what happens to an account when it gets taxed. We’ll put in $20
If you use the Loan Analysis calculator, you’re likely familiar with the “Loan View” provision. This enables you to do a side-by-side comparison of
Is a whole life insurance IRR comparable to other assets? Using the Funding calculator, we can actually show why the comparison takes more time and
When you save your work in Truth Concepts, the file will include everything you have open, including the location of those files. For example, if
“Success is where preparation and opportunity meet.”– Bobby Unser, Indianapolis 500 Champion
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