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Definitions
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| Home |
Current value of your home. This should be as close to the actual
market value of your home. If you have owned your home for a number of
years, this could be significantly higher than your original purchase
price current market value
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| Other real-estate |
The value of any other real-estate you may own. Include second homes,
undeveloped land, rental property or any commercial builds you may have an
interest in. As with your home, use the actual market value of this
real-estate.
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| Automobiles |
This is the total value of all automobiles that you own. Do not include any leased vehicles.
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| Other vehicles |
If you own any other vehicles, such as RVs, campers or collectibles, enter them here.
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| Jewelry |
The value of any jewelry, gems or precious metals such as gold. If you
have owned these items for a number of years they may have appreciated in
price, remember to use the current market value.
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| Household items |
The value of your household goods and items. This would include furnishing such as furniture, home electronics, silverware, etc.
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| Checking and savings |
The current total balance of your checking and savings accounts.
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| Retirement accounts |
The current total balance of your retirement accounts. This should
include IRAs, 401(k) savings, SEP IRAs, variable annuities and any other
retirement savings you may have.
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| Savings bonds |
If you own any Savings Bonds enter the total here.
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| Bonds |
If you own any Treasury, municipal, or commercial bonds enter the total here.
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| Mutual funds |
If you own any Mutual funds, enter the total here. Do not included any
mutual funds that are in your retirement accounts, they were already
included in the "Retirement accounts" line.
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| Stocks |
If you own any individual Stocks, enter the total here. Again, do not include any stocks that are held in a retirement account.
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| Life insurance |
Some life insurance has a cash value. This is true for Whole Life and
Universal Life polices. Term Life policies, on the other hand, have no
cash value. If you have life insurance with a cash value, enter the total
here. Remember, this should be the cash value of the policy, not the
amount paid out if you were to collect on the policy.
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| Cash |
If you have any other cash, enter the total here.
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| Other |
If you have any other assets of value, you can enter the total here.
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| Home mortgage principal |
This is the current principal balance remaining on your mortgage. This
is the amount that you would have to pay your bank to own your home free
and clear.
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| Other mortgage principal |
This is the current principal balance for any other real-estate
mortgages you may have. This includes mortgages on rental property,
undeveloped land, commercial property or any other real-estate.
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| Auto loans |
Total amount you currently have outstanding on your auto loans.
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| Student loans |
Total amount, if any, that you currently owe in college or student
loans. You should enter the total outstanding even if these loans are
currently in deferment.
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| Other loans |
Total amount, if any, of any other loans you may have.
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| Credit card debt |
Your total credit card debt.
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Information and interactive calculators are made available to you as self-help tools for your
independent use. We can not and do not guarantee their accuracy or their
applicability to your circumstances. We encourage you to seek personalized
advice from qualified professionals regarding all personal finance
issues.
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