Truth Tip, Maximum Potential
You can use Max Potential to prove the value of an income stream when talking about Disability Income insurance.
You can use Max Potential to prove the value of an income stream when talking about Disability Income insurance.
In the upper middle of the Income Tax Chart is the “Federal Income Tax / Gross Income %” Since this is mathematically correct but not technically accurate, you can click on it to hide. The reason it is not technically accurate is that our income tax does not change up or
For an Amortization Schedule on the Loan Analysis Calculator, you can switch the “Period Number” to “Start Date” by clicking on it and then your amortization schedule will have payments dates on it which you can adjust based on when you want the first payment to be.
On the Loan Analysis calculator, you can title each of the loans (in addition to changing the title on the title bar) by right clicking on “loan 1” or “loan 2” and typing in 30 year mortgage and 15 year mortgage etc.
On the Borrowing Calculator, just left of the first loan, there is a blank white space where you can place your mouse and it will switch to a hand. If you click on this, you’ll see the IRR on the entire deal you are looking at on that calculator.
The Life Expectancy tables in the Truth Concepts Calulators “Tools” section show the AVERAGE number of years a particular person will live. You can choose the age, male/female, standard/preferred, smoker/non-smoker and joint/single. Then remember that the number of years you see in the L.E. column is an average. For example,
When in Financial Calculators, Double Click on the word of the second calculator you want and it will come up. For example, if you have the Rate Calculator up and now you want Future Value, just click on “Future” inside of the Rate Caclulator and you’ll get the Future Value
Additional Income Definition: “Net after taxes but before qualified plan deduction”. For example, if someone is earning $150,000 they have $30,000 of mortgage interest deductions and $10,000 of charitable deductions, then Additional Income is $110,000 for the Qualified Plan Calculator and if they are putting $15,000 into their QP, then
Want to increase your productivity by 30%? Purchase a second monitor so you can use two screens with your computer. You’ll want to have a video card for a lap top or a USB to VGA adapter…then select properties and “extend windows” onto that second screen so you can run your
When importing the values from the tool to the Internal ROR calculator, take note that the IRR calculator AUTOMATICALLY adjusts the number of years for the illustration period. This is because the values in the IRR calculator are all beginning of year and the values on the illustration are all