Major Purchase Objectives Details

This page covers the following location(s) in NaviPlan:

Planning Objectives :: Procedures :: Screen Notes :: Related Information

Planning Objectives

ClosedWhat can I do on this page?
  • Use this page to help enter details for major purchase goals. Review the sections below that correspond with the sections you see in the Major Purchase Objectives Details dialog box for your selected major purchase goal type.

Procedures

ClosedProperty Taxes
  1. Enter an Amount and Frequency for the taxes.
  2. If applicable, use the Infl and +/- Add'l fields to index the payments for inflation (plus or minus any other indexation).
  3. If applicable, indicate that the property is Tax Deductible.
ClosedSale Information
  1.  If you wish to eventually sell the major purchase asset, select the Sell Asset option.
  2. Enter a Sale Date and a location to Direct After Tax Proceeds To. If you select an account from the menu, you can use Account Details to add additional details.
  3. Enter an Exclusion Amount.
  4. NaviPlan will now calculate the Projected Value as of Sales Date and the Projected Buying Power.
ClosedReal Estate
  1. Enter Rental Information data.
    • Enter Rental Income, Rental Expenses, and a Frequency to apply for both.
    • NaviPlan will now calculate the Net Rental Income.
    • If applicable, enter the Annual Rental Growth Rate.
    • Enter a Start Date and an End Date for the rental income.
  2. Enter Additions data.
    • Enter the value of additions made to the property after it was originally purchased in the Cost of Additions field.
    • Enter the Depreciation So Far.
    • Define the expected effects of future depreciation using the Amount per Year and the Number of Years fields.
  3. Enter Sale Information data.
    • Make a selection from Sale Option and define a Sale Date.
    • Enter the estimated costs associated with selling the real estate asset as a percentage of the asset's value in the Selling Cost field.
    • Enter a location to Direct After Tax Proceeds To. If you select an account from the menu, you can use Account Details to add additional details.
    • If you selected Sell in Installments from the Sale Option menu the following steps apply. If not, ignore the following steps.
      • Enter the percentage of the asset being sold by installments in the Seller Installment % of Sale field.
      • Enter the Annual Interest Rate, Payment Frequency, Compound Frequency, and Payment Type.
      • Use the Years and Months fields to define the Length of Installment Sale.
      • Use the Years and Months fields to define the Length of Amortization.
  4. Enter Return Rates data.
    • If you wish to edit the return rates, click Override and enter new values.

Screen Details

ClosedReturn Rates
  • If you wish to edit the return rates for the pre-retirement or retirement periods, click Override and enter new values.

Related Information




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