Retirement expense worksheet - Wells Fargo

1 Retirement expense worksheetMonthly ExpensesName:Mortgage or RentAddress:Second Mortgage or RentCondo or Association FeesInsurancePhone Number:Electricity/GasWater/SewerWaste RemovalMaintenance/RepairsClothingLawn CarePersonal CarePhone/Cell PhoneChild CareInternetElder CareCable/SatellitePet CareOtherAlimonyChild SupportOtherGroceriesDining OutMovies/Concerts/Live EventsHobbiesMembership DuesDental ServicesOtherLife InsuranceOtherCar Payment 1 Car Payment 2 Auto InsuranceGasParkingPersonalBus/Taxi FareStudentMaintenance/RepairsCredit CardLicensing/TagsOtherOtherHoliday GiftsTaxableBirthdaysTax-DeferredTax-Exe mptOtherOtherFederalStateLocalOtherMonth ly Income AmountSalary 1 Salary 2 PensionsSocial Security 1 Social Security 2

2 AnnuitiesIRA/401(k) AccountsInvestment AccountsOther OtherProfessional Fees (legal, tax)TaxesEssential expense AmountDiscretionary expense Amount Essential expense AmountDiscretionary expense AmountEssential expense AmountCharity - Tax DeductibleCharity - Non-Tax DeductableDiscretionary expense AmountEssential expense AmountDiscretionary expense AmountEssential expense AmountDiscretionary expense AmountEssential expense AmountDiscretionary expense AmountEssential expense Amount Food, entertainment, and activitiesEssential expense AmountDiscretionary expense AmountTransportationDiscretionary expense AmountEssential expense AmountDiscretionary expense AmountPrescriptions and MedicationsLong-Term Care InsuranceHealth InsuranceMedical ServicesTotal Discretionary Expenses:Total Essential Expenses:HousingSavingsNet Income:Total Income:Sources of incomePersonalHealthcare and insuranceLoans and debtGifts and donationsSubtotals:Subtotals:Subtotals:S ubtotals:Subtotals:Subtotals:Subtotals:S ubtotals:Subtotals:(continued on back page) worksheet Notes.

3 This worksheet may be used to help create your strategy for managing income in Retirement . It will help you outline expected income and expenses during Retirement so you can identify any gaps in your plan. And while this worksheet can help you budget for essential and discretionary Retirement expenses, be sure to also set aside money to cover unexpected products and services are offered through Financial Advisors at Wells Fargo Fargo Advisors is a trade name used by Wells Fargo Clearing Services, LLC and Wells Fargo Advisors Financial Network, LLC, Members SIPC, separate registered broker-dealers and non-bank affiliates of Wells Fargo & Company.

4 2016 Wells Fargo Bank, All rights reserved. 0316-06160 ECG-3320602 Monthly ExpensesName:Mortgage or RentAddress:Second Mortgage or RentCondo or Association FeesInsurancePhone Number:Electricity/GasWater/SewerWaste RemovalMaintenance/RepairsClothingLawn CarePersonal CarePhone/Cell PhoneChild CareInternetElder CareCable/SatellitePet CareOtherAlimonyChild SupportOtherGroceriesDining OutMovies/Concerts/Live EventsHobbiesMembership DuesDental ServicesOtherLife InsuranceOtherCar Payment 1 Car Payment 2 Auto InsuranceGasParkingPersonalBus/Taxi FareStudentMaintenance/RepairsCredit CardLicensing/TagsOtherOtherHoliday GiftsTaxableBirthdaysTax-DeferredTax-Exe mptOtherOtherFederalStateLocalOtherMonth ly Income AmountSalary 1 Salary 2 PensionsSocial Security 1 Social Security 2

5 AnnuitiesIRA/401(k) AccountsInvestment AccountsOther OtherProfessional Fees (legal, tax)TaxesEssential expense AmountDiscretionary expense Amount Essential expense AmountDiscretionary expense AmountEssential expense AmountCharity - Tax DeductibleCharity - Non-Tax DeductableDiscretionary expense AmountEssential expense AmountDiscretionary expense AmountEssential expense AmountDiscretionary expense AmountEssential expense AmountDiscretionary expense AmountEssential expense Amount Food, entertainment, and activitiesEssential expense AmountDiscretionary expense AmountTransportationDiscretionary expense AmountEssential expense AmountDiscretionary expense AmountPrescriptions and MedicationsLong-Term Care InsuranceHealth InsuranceMedical ServicesTotal Discretionary Expenses:Total Essential Expenses:HousingSavingsNet Income:Total Income:Sources of incomePersonalHealthcare and insuranceLoans and debtGifts and donationsSubtotals:Subtotals:Subtotals:S ubtotals:Subtotals:Subtotals:Subtotals:S ubtotals:Subtotals:Monthly ExpensesName:Mortgage or RentAddress.

6 Second Mortgage or RentCondo or Association FeesInsurancePhone Number:Electricity/GasWater/SewerWaste RemovalMaintenance/RepairsClothingLawn CarePersonal CarePhone/Cell PhoneChild CareInternetElder CareCable/SatellitePet CareOtherAlimonyChild SupportOtherGroceriesDining OutMovies/Concerts/Live EventsHobbiesMembership DuesDental ServicesOtherLife InsuranceOtherCar Payment 1 Car Payment 2 Auto InsuranceGasParkingPersonalBus/Taxi FareStudentMaintenance/RepairsCredit CardLicensing/TagsOtherOtherHoliday GiftsTaxableBirthdaysTax-DeferredTax-Exe mptOtherOtherFederalStateLocalOtherMonth ly Income AmountSalary 1 Salary 2 PensionsSocial Security 1 Social Security 2

7 AnnuitiesIRA/401(k) AccountsInvestment AccountsOther OtherProfessional Fees (legal, tax)TaxesEssential expense AmountDiscretionary expense Amount Essential expense AmountDiscretionary expense AmountEssential expense AmountCharity - Tax DeductibleCharity - Non-Tax DeductableDiscretionary expense AmountEssential expense AmountDiscretionary expense AmountEssential expense AmountDiscretionary expense AmountEssential expense AmountDiscretionary expense AmountEssential expense Amount Food, entertainment, and activitiesEssential expense AmountDiscretionary expense AmountTransportationDiscretionary expense AmountEssential expense AmountDiscretionary expense AmountPrescriptions and MedicationsLong-Term Care InsuranceHealth InsuranceMedical ServicesTotal Discretionary Expenses:Total Essential Expenses:HousingSavingsNet Income:Total Income:Sources of incomePersonalHealthcare and insuranceLoans and debtGifts and donationsSubtotals:Subtotals:Subtotals:S ubtotals:Subtotals:Subtotals:Subtotals:S ubtotals:Subtotals:Total Income: _____Net Income: _____Worksheet Notes:Monthly ExpensesName:Mortgage or RentAddress.

8 Second Mortgage or RentCondo or Association FeesInsurancePhone Number:Electricity/GasWater/SewerWaste RemovalMaintenance/RepairsClothingLawn CarePersonal CarePhone/Cell PhoneChild CareInternetElder CareCable/SatellitePet CareOtherAlimonyChild SupportOtherGroceriesDining OutMovies/Concerts/Live EventsHobbiesMembership DuesDental ServicesOtherLife InsuranceOtherCar Payment 1 Car Payment 2 Auto InsuranceGasParkingPersonalBus/Taxi FareStudentMaintenance/RepairsCredit CardLicensing/TagsOtherOtherHoliday GiftsTaxableBirthdaysTax-DeferredTax-Exe mptOtherOtherFederalStateLocalOtherMonth ly Income AmountSalary 1 Salary 2 PensionsSocial Security 1 Social Security 2

9 AnnuitiesIRA/401(k) AccountsInvestment AccountsOther OtherProfessional Fees (legal, tax)TaxesEssential expense AmountDiscretionary expense Amount Essential expense AmountDiscretionary expense AmountEssential expense AmountCharity - Tax DeductibleCharity - Non-Tax DeductableDiscretionary expense AmountEssential expense AmountDiscretionary expense AmountEssential expense AmountDiscretionary expense AmountEssential expense AmountDiscretionary expense AmountEssential expense Amount Food, entertainment, and activitiesEssential expense AmountDiscretionary expense AmountTransportationDiscretionary expense AmountEssential expense AmountDiscretionary expense AmountPrescriptions and MedicationsLong-Term Care InsuranceHealth InsuranceMedical ServicesTotal Discretionary Expenses:Total Essential Expenses:HousingSavingsNet Income:Total Income:Sources of incomePersonalHealthcare and insuranceLoans and debtGifts and donationsSubtotals:Subtotals:Subtotals:S ubtotals:Subtotals:Subtotals:Subtotals:S ubtotals:Subtotals:NOT FDIC INSUREDNOT BANK GUARANTEEDMAY LOSE VALUEINVESTMENTS IN STOCKS, BONDS, AND MUTUAL FUNDS.

10 NOT FDIC INSUREDNOT BANK GUARANTEEDMAY LOSE VALUEINVESTMENTS IN STOCKS, BONDS, MUTUAL FUNDS, AND Retirement PLANS:NOT INSURED BY FDIC OR ANY FEDERAL GOVERNMENT AGENCYMAY LOSE VALUENOT A DEPOSIT OF OR GUARANTEED BY A BANK OR ANY BANK AFFILIATESECURITIES AND INSURANCE PRODUCTS:NOT INSURED BY FDIC OR ANY FEDERAL GOVERNMENT AGENCYMAY LOSE VALUENOT A DEPOSIT OF OR GUARANTEED BY A BANK OR ANY BANK AFFILIATESECURITIES AND INSURANCE PRODUCTS:NOT FDIC INSUREDNOT BANK GUARANTEEDMAY LOSE VALUEINVESTMENTS AND INSURANCE PRODUCTS:NOT INSURED BY FDIC OR ANY FEDERAL GOVERNMENT AGENCYMAY LOSE VALUENOT A DEPOSIT OF OR GUARANTEED BY A BANK OR ANY BANK AFFILIATEINVESTMENT PRODUCTS:NOT FDIC INSUREDNOT BANK GUARANTEEDMAY LOSE VALUEINVESTMENTS AND INSURANCE PRODUCTS:NOT INSURED BY FDIC OR ANY FEDERAL GOVERNMENT AGENCYMAY LOSE VALUENOT A DEPOSIT OF OR GUARANTEED BY A BANK OR ANY BANK AFFILIATEINVESTMENT PRODUCTS.