Real Estate: Debt Management
Real Estate: Debt Management
Assuming the Primary user is 40 years old, this example shows how to plan for the purchase of a retirement home 8 years from now, with the intent to stay in it for the rest of your life. The home is worth $250k, appreciating at a 5% average, with 20% down, paying $3k in annual taxes and with $2k in insurance costs.
Invoke the Asset Manager like this:
Click Next displays the Asset Description tab:
Use the table below, and the Asset tabs that will appear as you progress through the Asset Manager, to specify the home purchase transaction as defined above:
Notice how we just left the "Age When Selling" field default value of '0', indicating that there are no intentions of selling it.
Assuming the Primary user is 40 years old, this example shows how to plan for the purchase of a retirement home 8 years from now, with the intent to stay in it for the rest of your life. The home is worth $250k, appreciating at a 5% average, with 20% down, paying $3k in annual taxes and with $2k in insurance costs.
Invoke the Asset Manager like this:
Click Next displays the Asset Description tab:
Use the table below, and the Asset tabs that will appear as you progress through the Asset Manager, to specify the home purchase transaction as defined above:
Notice how we just left the "Age When Selling" field default value of '0', indicating that there are no intentions of selling it.