The descriptions of the 4 “loan/withdrawal” source drop downs are as follows: ACT CASH: removing money from the account via withdrawl ACT LOAN: borrowing against the account itself ALT LOAN: borrowing against another asset outside of the account MKT LOAN: borrowing from the market place, home equity, car dealership etc
In order to replace the Annual Earnings Rate column with the Market History, click the Earnings Rate button on the top left first, then copy and paste the Market History into the Annual Earnings Rate column. Remember to cut off the term premiums by filling in the Year to Cancel
When running a 41 year analysis, say from 65 to 105, yet you want a paydown for only 20 years, se the illustration period to 20, click the paydown button, then click it again (turns it off) then change your illustration period to 40 so you can see the 20
Definition of “Additional Income” is “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
The Accumulation Calculator shows the effectiveness of money growing (taxable, tax deferred, tax deductible and/or tax free) and it has multiple variable payment and withdrawal columns, the ability to vary the earnings rate, and to add term insurance and other costs. In this calculator you can create an exact copy of
Truth Concepts Loan Analysis calculates amortization schedules and the benefit of paying back loans under various scenarios and different rates and compare two loans for deductible and non-deductible loans. Here is a tip for the Loan Analysis Calculator: Always put the lower interest rate payback first in the “Annual Loan
The Truth Concepts Borrowing Strategy Calculator illustrates the principles of banking with varying interest rates strategies and money sources. Here’s a tip for that calculator: Toggle off or on the “Future Account Value with NO Loans” by clicking on it. Top middle also has an ROR feature that is OFF
The funding illustration allows you to compare life insurance illustrations (with or without loans) to an alternate investment. For this calculator, you can: Toggle off or on the “Interest Rate on Savings Account to Match PLI” at bottom left corner.