Personal Cash Flow And Balance Sheet Page 2
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1
2Assets
Total
Banks, credit unions, other liquid assets
$
Investments–mutual funds
$
Investments–other
$
Retirement and other tax-deferred assets
$
Other qualified benefit plans
$
Non-qualified benefit plans
$
Real estate
$
Personal assets–market value
$
Miscellaneous other assets
$
Total Assets (C)
$
Liabilities
Total
Credit card balances
$
Consumer loans
$
Home mortgage
$
Other mortgages
$
Home equity line of credit (HELOC)
$
Student loans
$
Loans against life insurance or 401(k)
$
Other
$
Total Liabilities (D)
$
Net Worth (C) - (D)
(E) $
Off-Balance Sheet Assets, Trusts, and Insurance Proceeds
529 College Savings Plan contributions
$
Trust(s) that will benefit spouse
$
Death benefit of life insurance
$
Other
$
Total Off-Balance Sheet Assets and Proceeds (F)
$
Total Value of Today’s Net Worth and Insurance Proceeds Upon Death (E) + (F)
$
1. Compensation before taxes and payroll deductions.
2. PITI is principal, interest, taxes, and insurance.
3. FICA – Federal Insurance Contributions Act requiring pay to be withheld for Social Security.
4. If Net Cash Flow is negative, you should work with your financial professional to 1) modify your Cash Outflows’ assumptions [i.e., change your Budget]; 2) choose assets
from your Personal Balance Sheet to liquidate to cover the difference; and/or 3) modify your product/asset allocation to generate greater returns and/or income.
This material is provided as a resource for information only. Neither New York Life
Insurance Company, New York Life Investment Management LLC, their affiliates,
nor their representatives provide legal, tax, or accounting advice. You are urged to
consult your own legal and tax advisors for advice before implementing any plan.
For more information
888-474-7725
or
MainStay Investments
is a registered service mark and name under which New York Life Investment Management LLC
®
does business. MainStay Investments, an indirect subsidiary of New York Life Insurance Company, New York, NY 10010,
provides investment advisory products and services.
Not FDIC/NCUA Insured
Not a Deposit May Lose Value No Bank Guarantee Not Insured by Any Government Agency
Multi-Boutique Investments
Long-Term Perspective Thought Leadership
1675997 RIS077-15
RISWM62d-12/15
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