| Home |
Current value of your home. This should be as close
as possible to the actual market value of your home. If you have
owned your home for a number of years, the current market value
could be significantly higher than your original purchase price. |
| Other real-estate |
The value of any other real-estate you may own. Include
second homes, undeveloped land, rental property or any commercial
buildings you may have an interest in. As with your home, use the
actual market value of this real-estate. |
| Automobiles |
This is the total value of all automobiles that you
own. Do not include any leased vehicles. |
| Other vehicles |
If you own any other vehicles, such as RVs, campers
or collectibles, enter them here. |
| 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. |
| Household items |
The value of your household goods and items. This
would include items such as furniture, home electronics, silverware,
etc. |
| Checking and savings |
The current total balance of your checking and savings
accounts. |
| 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. |
| Savings bonds |
If you own any Savings Bonds enter the total here. |
| Bonds |
If you own any Treasury, municipal, or commercial
bonds enter the total here. |
| 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. |
| Stocks |
If you own any individual stocks, enter the total
here. Again, do not include any stocks that are held in a retirement
account. |
| Cash value of life insurance |
Some life insurance has a cash value. This is true
for Whole Life and Universal Life policies. 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. |
| Cash |
If you have any other cash, enter the total here. |
| Other |
If you have any other assets of value, you can enter
the total here. |
| Home mortgage principal |
This is the current principal balance remaining on
your mortgage. This is the amount that you would have to pay to
own your home free and clear. |
| 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. |
| Auto loans |
Total amount you currently have outstanding on your
auto loans. |
| 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. |
| Other loans |
Total amount, if any, of any other loans you may
have. |
| Credit card debt |
Your total credit card debt. |
