Category: Truth Tips

Truth Tip Qualified Plan

The Truth Concepts Qualified Plan calculator gives a graphic overview of the whole truth about qualified plans.  It shows clients why not maxing out their qualified plan may be the best strategy. In this calculator the Rate of Return box on top right toggles On and Off.  

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Truth Tip Accumulation

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 existing information currently in the calculator by pushing the “Duplicate” button on the top left.  PINK box means column showing but no #’s.  YELLOW box means #’s but no column showing.  BLUE box means #’s in the column and its

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Truth Tip Loan Analysis

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 Rate” box as that reflects the actual loan information, then put in the alternate rate, time period or payment amount in the “Alternate Payback” panel on the right of each “loan box”. Click “Period Number” Box to change from sequential

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Truth Tip Borrowing Strategy

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 but can be turned on by clicking in the grey space to the right of the clear button. Right Click on the 5 “Loan/WD” buttons at the top to re-title them for example: 1. Cars 2. Wedding 3. Child’s Credit

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Truth Tip Funding

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.

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Truth Tip All Calculators

All calculators: to switch from positive to negative numbers or vice-versa, highlight the numbers to change in one column and right click, select change sign.  To put the same # or formula in multiple cells, enter the # or formula in the top cell, highlight the cells you want filled starting w/ that top one, select ALT  + DOWN ARROW    or right click and select “fill down”.   Anywhere there are cells underlined in blue inside the spreadsheets you can enter numbers or formulas in place of what is there,

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