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Extensible Markup Language  |  2003-06-18  |  4KB  |  56 lines
  1. <?xml version="1.0"?>
  2. <?xml-stylesheet type='text/xsl' href='hhPreprocess.xsl'?>
  3. <topic sku="dlxbiz" tNum="287202" author="a-gabr" xmlns="x-schema:hhTopicSchema.xml">
  4.     <index>
  5.         <title>Troubleshoot expenses in the Lifetime Planner</title>
  6.         <category>lifeplan</category>
  7.         <klink type="trbls">Troubleshoot expenses in the Lifetime Planner</klink>
  8.     </index>
  9.     <content>
  10.         <p>What are you having trouble with?</p>
  11.         <extend>
  12.             <tease>I can't figure out what to include in living expenses and what to include in college & other expenses.</tease>
  13.             <reveal>
  14.                 <p>Living expenses are day-to-day expenses that you will have no matter what. Food, housing expenses, car payments and maintenance, and so on fall into this category.</p>
  15.                 <p>College & other expenses are special expenses you're anticipating that are either short-term or one-time. For example, a college expense is a short-term expense because it lasts only a few years. A wedding, vacation, and hospital expenses are short term because they're one-time expenses.</p>
  16.             </reveal>
  17.         </extend>
  18.         <extend>
  19.             <tease>On the <emph>Living Expenses</emph> page, when I click <emph>Estimate Expenses</emph>, the estimates from my Lifetime Planner and Budget Planner are quite different.</tease>
  20.             <reveal>
  21.                 <p>Some of the difference is due to the fact that subtotals for income, taxes, savings contributions, life insurance payments, loan payments, and other expenses are all rounded to the nearest $1,000. Here's what's included in the Lifetime Planner estimates:</p>
  22.                 <ul>
  23.                     <li><emph>Income.</emph> Salaries from your career and your partner's career, other earned income, and rental income.</li>
  24.                     <li><emph>Taxes.</emph> Payroll taxes for Social Security and Medicare and taxes on rental income.</li>
  25.                     <li><emph>Savings contributions.</emph> Contributions to taxable, tax-deferred, and retirement  accounts and to accounts for a child.</li>
  26.                     <li><emph>Life insurance payments.</emph> All life insurance payments.</li>
  27.                     <li><emph>Loan payments.</emph> All loan payments.</li>
  28.                     <li><emph>Other expenses.</emph> Property taxes.</li>
  29.                 </ul>
  30.                 <p>Compare these amounts in both your lifetime plan and budget and adjust them if necessary.</p>
  31.             </reveal>
  32.         </extend>
  33.         <extend>
  34.             <tease>I don't know where to enter future college expenses and where to enter current college expenses.</tease>
  35.             <reveal>
  36.                 <p>Enter them both on the <emph>College & Other Expenses</emph> page. Future college expenses has its own listing in the New Expense wizard. <alink type="prcdr" href="addfuturecollegeexpensestomyplan.xml"/></p>
  37.                 <p>Enter current college expenses as a generic "Other expense." <alink type="prcdr" href="addcurrentcollegeexpensestomyplan.xml"/></p>
  38.             </reveal>
  39.         </extend>
  40.         <extend>
  41.             <tease>I'm going to college now and have multiple loans to cover my college costs.</tease>
  42.             <reveal>
  43.                 <p>Create a separate loan account for each of the college loans you have. <alink type="prcdr" href="Createaloanaccount.xml#xpointer(*/index/klink)"/></p>
  44.             </reveal>
  45.         </extend>
  46.     </content>
  47.     <footer>
  48.         <p><klink type="auvid" href="mnrefSpecialAvi09"/></p>
  49.         <include href="Learnaboutautomaticadjustmentstolivingexpensesinmyplan.xml#xpointer(*/index/klink)"/>
  50.         <include href="LearnHowNotToDoubleCountExpenses.xml#xpointer(*/index/klink)"/>
  51.         <include href="Addcurrentcollegeexpensestomyplan.xml#xpointer(*/index/klink)"/>
  52.         <include href="Addfuturecollegeexpensestomyplan.xml#xpointer(*/index/klink)"/>
  53.         <include href="Createaloanaccount.xml#xpointer(*/index/klink)"/>
  54.     </footer>
  55. </topic>
  56.