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					Monthly Expense Comparison Worksheet
CURRENT MONTHLY EXPENSES HOUSING Monthly principal and interest payment Homeowner insurance Property taxes Landscape service Upkeep and repairs Cleaning supplies Security, emergency system Homeowner association fee Rent Renters insurance Housekeeping service Other housing expenses UTILITIES Power Gas Heating oil Water Garbage Sewer Basic cable television Extra phone line for computer Other utility expenses TRANSPORTATION Car payment Registration Auto insurance Fuel Repairs & maintenance Taxi fares Parking fees Other transportation expenses MEALS Groceries Dining out Meal preparation service Other meal expenses HEALTH AND FITNESS Health club fees Other health & fitness expenses ENTERTAINMENT, SOCIAL Member dues Activity charges Other entertainment expenses STATE INCOME TAXES $ CATEGORY TOTALS

$ $

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$ $

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$ $

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$ $ $ $ $ $ $

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TOTAL MONTHLY EXPENSE PROMENADE MONTHLY EXPENSE MONTHLY INCREASE (DECREASE)
Updated 01/22/04 JL

$

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$

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The Equity Potential in Your Home
Many people considering making a lifestyle change to an active senior community own their home free and clear. Others have a minimal mortgage balance remaining to pay. The equity that has been built up over the years in your home may be used to help fund your retirement.

The goal of all retirees is to hopefully grow, or to at least preserve and stretch, their retirement dollars for as long as possible. For this to happen a sound retirement financial plan is needed. The goal of the plan should be to generate investment income that can be used to cover retirement expenses as needed, while preserving the principal balance. If you don't already have a financial plan in place for your retirement, now is the time to create one. The worksheet below can be used to get a general idea of the income potential from the equity in your home. The range of interest rates is for comparison. The worksheet is only an estimating tool. Do not make financial decisions based upon it. Consult with a financial advisor to get actual investment information that is tailored to meet your individual retirement goals.

Anticipated sale price of your home Less the remaining principal to be paid off at closing Less 10% of the anticipated sale price to cover estimated commissions and closing costs Net proceeds from the sale of the home

$ $

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Amount of the net sale proceeds you would invest

Home proceeds invested at Home proceeds invested at Home proceeds invested at Home proceeds invested at

3% 4% 5% 6%

Annual Pre-tax Yield* $ $ $ $ -

Monthly Pre-tax Yield* $ $ $ $ -

To calculate the annual pre-tax yield multiply the investment proceeds by the interest rate Example: $100,000 X .03 (3%) = $10,000 Annual -- $10,000 e 12 = $833 Monthly

*Use this worksheet for estimation purposes only. The yields are not guaranteed. Consult with a financial advisor before making any financial decisions.
Updated 01/22/04 JL


				
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