Todd recently received a question that allowed him to unpack one of the more misunderstood topics of home ownership: mortgage interest deductibility—especially for high-income earners. What came out of that conversation challenges a belief many people have accepted as fact. The Myth: “Your Mortgage Interest Deductions Phase Out” You’ve probably
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 scratch beneath the surface, and the numbers tell a different story. Let’s break it down. Using a financial calculator like the Truth Concepts Payment Calculator,
“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 up in the more exciting parts of life insurance, like the infinite banking concept. After all, it’s exciting to think about leverage and cash flow
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
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 quick reminder for a complex situation. The truth is much harder to convey. It takes time, context, and a little hard work to explain and
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 “advice,” and yet it’s built on a complete misunderstanding of whole life insurance. While it likely comes from a place of frustration and hurt by
AI in Life Insurance Sparks Enthusiasm—and Fear—Among Tech Champions The launch of OpenAI’s ChatGPT in November 2022 marked a milestone in the history of modern technology. With 100 million active users just two months after its release, ChatGPT has garnered the fastest-growing user base ever recorded in the tech industry.
Can you run expenses through a policy loan? Let’s talk about where this idea comes from, and why you should proceed with caution. Can You Run Expenses Through a Policy Loan? Understanding Life Insurance Loans When Does a Policy Loan Make Sense? Other Uses for a Policy Loan Want to
The numbers don’t lie, or so the saying goes. While this is the simplest turn of phrase, it’s not exactly the whole truth. It’s not necessarily the numbers that are the issue, but the interpretation and application of the numbers. This just so happens to be one of the primary
Should you take social security early and invest it? This question can come up often when helping clients secure their financial future. However, the answer is a resounding no in most cases. Taking an early social security benefit only works to remove dollars from your client’s future assets, when the