Net Income Questions

SeniorcareCalculator

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Net Worth		Net Income		Facility Cost		Long Term View

Information	Questions	Summary

NET INCOME QUESTIONS

Fixed Income	$
Social Security Benefit		Enter the amount of your monthly Social Security benefit BEFORE DEDUCTIONS. Your New Benefit Amount letter will show this.
Veterans Administration Benefit		Enter the amount of 'Your new monthly rate of compensation is ...', from your Veterans Administration benefits letter.
Pension 1		Enter the amount of any GROSS pension benefit you receive. You can change the title from "Pension 1" to the source of your income, if you wish.
Pension 2
		Enter the amount of any additional fixed income. You will need documentation of the amount.

Investment Income	$
Interest from Savings, Checking and Certificates of Deposit		Enter the amount of your monthly interest earned from all savings, checking and CDs. Be sure to use an average, as the amount changes month to month.
Interest from Bonds		Enter the amounts of monthly interest and dividends received from your investment accounts. Be sure to use an average, as the amount changes month to month.
Dividends from Stocks and Mutual Funds
		Enter any amount from other sources of investment income. Be sure to use an average, if the amount changes from month to month. You can change the title from "Other 1" to the source of your income, if you wish.

Other Income	$
Rental Income		Enter the amount of rent collected monthly. A rental agreement and/or deposit slips and bank statements can serve as verification.
Annuities		Enter the amounts of dispersed funds to you monthly from any trusts or annuities. You will need documentation of the amount.
Trusts
		Enter any funds you receive from other sources. You will need documentation of the amount. You can change the title from "Other 1" to the source of your income, if you wish.

Senior facility costs calculator

Expenses	$
Income Tax Expense		Enter any taxable amounts due on taxable income you will receive during the year.
Mortgage Payment		Enter the amount of principle and interest ONLY from your monthly mortgage payment, if you plan to continue owning a home while you are a resident of a facility.
Property Taxes		Enter the amount of property taxes you pay on a monthly basis, if you plan to continue owning a home while you are a resident of a facility.
Dwelling Insurance		Enter the amount of property insurance you pay on a monthly basis, if you plan to continue owning a home while you are a resident of a facility.
Dwelling Maintenance		Enter the amount of maintenance dollars you spend for your property on a monthly basis, if you plan to continue owning a home while you are a resident of a facility.
Lawn Service		Enter the amount you spend monthly for services, such as lawn service, if you plan to continue owning a home while you are a resident of a facility.
Sprinkler System Service
Other Dwelling Expenses
Auto Loan Payment
Auto Maintenance & Fuel
Auto Insurance		If you own a car, enter the amount you spend monthly on your auto.
Other Transportation Expenses		Enter the monthly amount you spend monthly for taxi, or private car service, if you do not have a car.
Medicare A & B		Enter the monthly amounts you are charged for Medicare programs. Remember, you may have the costs of some of these programs deducted automatically from your social security check PRIOR to your receiving it. Check your award letter for the exact amounts spent on each program.
Medicare Supplement
Medicare D Pharmacy
Health Insurance		Enter the monthly amount you spend for any additional health insurance.
Uncovered Health Expenses		Enter the monthly amount you spend for health needs that are NOT covered by your insurance plans, such as drug expenses, copays, etc.
Other Pharmacy Expenses
Entertainment
Clothing
Travel & Recreational
Personal
Charity
		Enter any monthly amounts for expenses not shown. Examples might be a life insurance policy, death benefit policies, credit card debt payments, etc. You may change the name from "Other 1", if you wish.