In the Lifetime Economic Security Plan report under the net worth page, the line item 'Housing Equity' only reflects my primary residence in calculating net worth, but I also own a vacation home (both my primary and vacation homes are mortgage free) who's value isn't included, thereby reducing my net worth by the current value of that vacation property. Everything seems to be entered into the program correctly. What mistake am I making?
Thanks,
Larry
Disclaimer: ESPlannerBASIC, ESPlanner, ESPlannerPLUS and ESPlannerPRO, are educational calculators designed to give users input in mapping out financial futures, but should not be acted upon as a complete financial plan. The creators of these programs are not certified, registered, authorized, or any other type of financial planners. These programs are simply tools for helping you think through economic futures. Its "recommendations" should be viewed as informative inputs into your own decision-making with respect to saving and the purchase of life insurance. ESPlannerBASIC, ESPlanner, ESPlannerPLUS and ESPlannerPRO provide neither economic, financial nor tax advice, which can only be delivered to you by authorized professionals.
RSS
We've had a few problems with housing recently (since the 2.0 upgrade to the CE) which we think are all squared away. Are you using the latest update? If not, try that.
Best,
Dick Munroe
Thanks for your response. I'm using version 2.11.3A and still having the problem.
Larry
I think the home equity doesn't include the vacation home at present. I will get that fixed in the next update
Ok, have ESPlanner on both my husband's and my computer. I updated to 2.11.3C today.
My husband has a version from last January on his.
When I ran the report, the PDF shows under NET WORTH, a real estate equity of $47,548. On my husband's computer it shows $267,548. We own 3 rent houses. The correct number would be from my husband's.
What should I do? Would the numbers on the excell spread sheet be incorrect also?
Thanks
Ginny
Looks like we still have something lurking that we haven't found yet. Could you upload your database, along with a description of the problem, and we'll take a look as soon as possible.
See the FAQ for details on uploading your database.
Best,
Dick Munroe
Uploading database now.
Ginny