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Net worth is the difference between what you own (your assets) and what you owe (your liabilities)
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Examples include 401(k), 403(b), 457(b), money purchase, and traditional or Roth IRAs
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Enter the amount of your current account balances
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Examples include fixed or indexed annuities, and Health Savings Accounts
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Examples include 529 plans, custodial accounts (UGMA/UTMA), and Coverdell ESA
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Examples include stock options, stock purchase plans, Restricted Stock, Stock Appreciation Rights, and Phantom stock
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Examples include pensions and Keogh plans
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Use the current market value. You can check online real estate sites to help determine this number
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Examples include a vacation home, commercial real estate, and rental properties
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Examples include the current value of collectibles, antiques, and jewelry
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Examples include cars, boats, motorcycles, RVs, ATVs, etc. Use the current market value. You can use an online price guide for help determining this number
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Use the current value of the business
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This includes the cash or account value of permanent life insurance policies such as whole or universal life, if that amount is eligible for surrender
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Examples include stocks, bonds, and variable annuities
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Use the total amount still owed on the mortgage
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Examples include lines of credit against homes or investments
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Use the total amount still owed on all cars, boats, motorcycles, RVs, ATVs, etc.
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Securities-based lines of credit are borrowed against the value of stocks, bonds, and other assets in your non-retirement investment portfolio
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Include the total amount owed to friends, family, and payday lenders
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Include the total amount owed on all loans (not monthly payment amount)
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Examples include medical bills, overdue utility, tax, rent or other bills
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Include debt and interest amounts from all open credit cards
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Assets: 0
Liabilities: 0
0