Important Note – The “Extra Payment Lost or Found” does not add to (or subtract from) any of the calculations. It is just a way to see the difference in net payment at a rate between whatever is in the “Market Loan Rate” input and either: the net earnings rate when “Acct-Cash” is selected -or- the “Market Loan Rate” when any of the other 3 options are selected. If you have (-100%) in the “Market Loan Rate,” the numbers for the “Extra Payment Lost Or Found” will look skewed because
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Todd Quotes, Part 4
As we wrap up the first Truth Training of 2021, and the last one in the current Paradigm Life building (they’re moving locations), it feels fitting to add another round of quotes. We’re fortunate to work with some of the brightest minds in the business, and we love sharing nuggets for those minds who could not attend. Or those who could and want to review! Unless otherwise noted, quotes are from Todd. Quotes on Truth “We all want to be right. If you’re really seeking Truth, you have to be willing
Read MoreHow to Prepare for Truth Training in Salt Lake City
Whether you’ve been to a dozen Truth Trainings, or you’re gearing up for your first, it’s tricky to know just what you’ll need to be prepared. As with any business trip, you can forget some of the small things. Sometimes, there may be “hacks” you had never even considered. Today, we’re giving you an insider’s look at how to best prepare for a Truth Training. With these tips and tricks, you’ll leave nothing up to chance. Tips to Prepare for Truth Training in Salt Lake City 1. Choose Your Hotel
Read MoreGet the Most from Truth Concepts Tools
Are you getting the most out of your Truth Concepts tools? Let’s take a tour of the tools, and how to use them to optimize the effectiveness of your illustrations. Income Tax Chart The income tax chart can be useful for several reasons. The first and most obvious use of this tool is to know which tax bracket to use for your clients. The second use is to help discuss taxes with your clients. For many, taxes are more abstract than they should be–after all, taxes aren’t in school curriculums.
Read MoreDebunking the Myth of the 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.
Read MoreHow-To: Monte Carlo Simulations in Accumulation
The Accumulation calculator has always been particularly useful in depicting how the stock market can affect your assets, but now it’s even better. A few updates ago, Todd introduced a feature that can reverse or randomize the S&P rates, so that you can more effectively show “Monte Carlo” scenarios. If you haven’t tried it yet, I’ll show you how. The benefits? Not only can you back up your knowledge with how the market has performed in the past—you can demonstrate how slippery it can be to rely on chance. Because
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