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 because in his work with both advisors and clients, he’s found that some are more numbers-oriented, and some are concept-oriented. Being able to approach ideas
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 dollar-cost-averaging, people think they can “beat” the downsides and only experience the upsides of the market. And while most people know logically that average doesn’t
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 to start, earning 20% over 100 years. Let’s for a moment, imagine that the starting year is 1913, the year the tax system started. We
One way to extend a client’s income later in life is to delay Social Security checks. After all, the sooner you take it, the less you get per check. The longer you delay, the larger that check gets. After all, you’re pulling from a larger pool of money over a
It’s not uncommon for people to write off the human life value approach as “overkill.” Clients either believe that buying insurance up to their full human life value (HLV) is simply too much money for their heirs or the number doesn’t seem real. This approach, however, can be incredibly valuable
What’s the major reason that people want to have their house paid off? In most cases, people fear a scenario where they can’t pay their mortgage, so they spend more money up front. Too often, this puts them in the scenario they were trying to avoid. It all comes down
Is it possible to reduce taxes by lowering the tax rate? Let’s talk about the Laffer Curve. This theory, posited by Alfred Laffer during the Reagan Era of tax reduction, may hold more water than you’d think. This is a great exercise for webinars where you’re helping clients understand taxes
New Truth Concepts Client Presentations! We’ve been busy loading up our Truth Concepts YouTube channel with videos for you! Now there are 15 videos featuring Todd Langford and/or Truth Concepts software. The YouTube channel houses our Truth Concepts, Truth Concepts, and Summit videos, as well as several presentation videos and
How to Calculate the Lost Opportunity Cost of the Typical Way to Educate Kids. A college education that cost $30,000 per year in today’s dollars with a 6% inflation for a 4 and a 6 year old will remove $2,187,493 from the parents wealth by the time they are 68