Can Socialism Save Capitalism?

by | Sep 25, 2020 | Comments Off on Can Socialism Save Capitalism?

can socialism save capitalism

Bill Ackman, chairman of Pershing Square Capital Management, recently proposed an idea to “save” capitalism. Framed as a panacea for growing disillusionment with capitalism, he recommends that every child have a sum of money invested on their behalf. The idea is that an 8% annual return should make them millionaires by retirement. So is this idea viable? Can socialism save capitalism? And is it really the best way to “encourage greater financial literacy”?  Probably not.  Financial literacy is an admirable goal, yet there are a multitude of ways to reach that end.

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Truth Tip, Loan Analysis (Remaining Loan Schedule)

by | Aug 21, 2020 | Comments Off on Truth Tip, Loan Analysis (Remaining Loan Schedule)

How do you calculate the remaining number of months on a loan? This Loan Analysis “hack” makes it simple to determine, all you need is the remaining loan balance, the rate, and the monthly payment. For example, let’s say your client had a remaining loan balance of $50,000 and they’re paying 5% interest on that loan. Their payment is $1000, and neither of you know the exact time frame remaining on that loan. In Loan Analysis, once you fill in the loan balance and the interest rate, right click on

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Truth Tip, Asset Flow (Social Security)

by | Aug 21, 2020 | Comments Off on Truth Tip, Asset Flow (Social Security)

When filling out social security income, there’s a “trick” to doing it correctly. First, you’ll go under the “earned income/ss” tab. If you’re including social security income for someone who has been taking the income, you should do the COL adjustment (if needed) manually. Let’s say you have a 70 year old, and he began taking his social security benefits at age 66. Input the amount he was initially taking, at age 67, so that Asset Flow calculates everything correctly. Then you can choose to include a COLA if you

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Importing Life Insurance Values: Lafayette Life

by | Jul 24, 2020 | Comments Off on Importing Life Insurance Values: Lafayette Life

lafayette life

Before you can use the suite of Truth Concepts calculators, you’ll want to make sure you’ve imported your life insurance data in the Life Insurance Values, under the “Tools” drop-down menu. With recent updates to both Truth Concepts and Lafayette Life, the process for importing life insurance data from this particular life insurance company has changed. Read on for a step-by-step walkthrough of the new process. 1.Open your Lafayette Life Online Illustration Application. Proceed as you would normally by inputting all pertinent information into the software. 2. Export. Press the

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Debunking the Myth of the Policy Loan

by | Jul 3, 2020 | Comments Off on Debunking the Myth of the Policy Loan

debunking policy loan

It’s critical that, as advisors, we maintain the integrity of the trade by representing our products acurately. Let’s analyze the myth of the policy loan.

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