Jason4TC | Truth Concepts

Should I Borrow Against My Life Insurance Policy?

Posted on May 11, 2018 by Jason4TC • 0 Comments

“Should I borrow against my life insurance policy?” Are you ever asked that question? I bet you are. Recently we conducted an annual review with a client. This client is a transfer client. They moved to our town about 8 years ago. About the same time, their other advisor retired so we were lucky. The conversation was very informative and because of t… Continue Reading

Am I Too Old To Buy Whole Life Insurance?

Posted on April 6, 2018 by Jason4TC • 0 Comments

“I wish I would have known the whole truth about whole life insurance 40 years ago so I could have taken advantage of all the benefits you have described to me,” a brand new prospective client said to me. “I love what you are saying and it makes so much sense, but I am just too old to implement what you are talking about. At my age, it will just be too expensive… Continue Reading

Have I Saved Enough Money?

Posted on February 26, 2018 by Jason4TC • 0 Comments

Andrew Walberg and I had been friends since first meeting in Mr. Carlson’s government class when we were juniors in high school. He was so much fun to be around, always positive and upbeat. I had not heard from him in a while so I was surprised to hear his voice on the other end of the telephone. “Hey, this is Andy. How have you been? I’ve known you’re in… Continue Reading

Is It Better to Rent A Home Or Buy?

Posted on January 31, 2018 by Jason4TC • 0 Comments

In this article, I am going to tell you something you already know, or sort of. To make sure I need you to answer a question; Is it better to rent a home or buy? The overwhelming response to that question is it better to purchase a house instead of renting one. Although you answered the question that it is better to purchase a home, I am going to use Truth Concepts calculat… Continue Reading

The Staggering Impact of Taxes On Investment Returns

Posted on November 15, 2017 by Jason4TC • 0 Comments

The purpose of this post is not to make any kind of political statement. We are not trying to say one side is right or one side is wrong. The purpose of this post is to simply show mathematically something that politicians should understand. More importantly, you as a financial professional should understand this because the impact of taxation on our wealth is sign… Continue Reading

How To “Retire” With Enough Money, Plus a $4,588,332 Cushion (John & Jane Jones Pt. 9 of 9)

Posted on October 29, 2017 by Jason4TC • 0 Comments

Time has a way of flying by. John and Jane were now 71 years old. This meeting was going to be one of the most important meetings I would ever have with them. This meeting was certain to prove to them that following my advice all these years was going to pay off. As a result, I did a little extra preparation for the meeting by gathering information about the current cash values of… Continue Reading

Why You Shouldn’t Retire, You Should Retool (John & Jane Jones Pt. 8 of 9)

Posted on October 6, 2017 by Jason4TC • 0 Comments

“I am ready to retire,” John was quick to state at the beginning of our annual meeting. There were several things I wanted to talk to John and Jane Jones about this year since they would be soon turning 60. But when I heard John say this, my plans for the meeting took a back seat. “Are you serious?” I asked John. “Do you think you are re… Continue Reading

How Much Does College Really Cost? (John & Jane Jones Pt. 7 of 9)

Posted on September 27, 2017 by Jason4TC • 0 Comments

John and Jane met with me regularly, mostly to touch base about their progress as they improved their financial position, or to discuss potential investments. But when their oldest son, Todd, turned 16, we met to discuss a major item that impacted their entire family. Both John and Jane were now 48 years old. During my telephone call to set a time and date for our meeting, J… Continue Reading

How to Calculate Rate of Return On A Real Estate Investment (John & Jane Jones Pt. 6 of 9)

Posted on September 18, 2017 by Jason4TC • 0 Comments

“Hello, this is John Jones. I know we have called a number of times with ‘opportunities’ but this time I think we really have one,” John said excitedly as I answered the telephone early Monday morning before my first appointment. “That is good news,” I said. “Do you want to tell me about it over the telephone or come in fo… Continue Reading

Saving For Kids and Avoiding The MEC Limit (John & Jane Jones Pt. 5 of 9)

Posted on September 2, 2017 by Jason4TC • 0 Comments

One week earlier….. “Hello, John how is your day going?” I initially said when I called. “Just fine, thanks,” John responded. “I know why you are calling; it has been a few years since we have been able to get together and we need to speak with you because we have been having some big changes in our family. Jane and I have been meanin… Continue Reading

15-Year vs 30-Year Mortgage: Which is Better? (John & Jane Jones Pt. 4 of 9)

Posted on August 21, 2017 by Jason4TC • 0 Comments

“I am so glad you two were willing to come back so soon after our third meeting,” I greeted John and Jane as they came into the office. “There are a number of things I want to discuss with you, but before I do, do you have any questions?” “As a matter of fact, we do have something we wanted to talk to you about. Since our meeting last week, Jan… Continue Reading

The Whole Truth About Qualified Plan Contributions (John & Jane Jones Pt. 3 of 9)

Posted on August 7, 2017 by Jason4TC • 4 Comments

Mark Twain reportedly said that he tried to not let his schooling get in the way of his education. I think he was describing a paradox similar to what most advisors know as the “arrival syndrome.” Said in yet another way, your education should be an ongoing process. Such is the case with your clients. We recommend that you schedule regular discussions to… Continue Reading

The Myth of Zero Percent Financing for Cars (John & Jane Jones Pt. 2 of 9)

Posted on July 21, 2017 by Jason4TC • 0 Comments

Both Jane and John Jones were smiling as they walked into my office for the second meeting with them. The first meeting had gone well and I was excited to meet with them. After a few minutes of catching up and pleasantries, I asked John, “If you were talking to a good friend and they asked what our office was doing for you, what would you tell them?” John was cont… Continue Reading

How $155 in Credit Card Debt Becomes $38,850 In Payments! (John & Jane Jones Pt. 1 of 9)

Posted on July 6, 2017 by Jason4TC • 2 Comments

In the movie Mr. Mom, Jack (Michael Keaton) is fired from his job as an automobile engineer. Jack’s wife, Caroline (Teri Garr) lands a job before he can, so Jack takes on what he believes is the easy job of homemaker and caretaker. The movie has many humorous scenes. One particular scene Caroline’s boss comes to pick her up for a business trip. Jack does no… Continue Reading

How do you include the state income tax for capital gains tax?

Posted on June 18, 2017 by Jason4TC • 0 Comments

Increase your capital gains rate box by the state income tax rate. Increase your state income tax rate is 7% and your clients’ federal capital gains tax rate is 15%, then you’ll put 22% in your capital gains rate box. Please note: there is not a federal capital gains tax deduction for the state income tax paid as there is for federal income tax. See t… Continue Reading

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