Does the total amount of your asset net worth exceed the amount listed?

Does the total amount of your asset net worth exceed the amount listed?

Asset net worth means the current value of the assets minus what is owed on those assets. 

Assets include 

  • money in cash, savings, and checking accounts; 
  • businesses; 
  • investment farms; and 
  • other investments, such as real estate (other than the home in which you live), Uniform Gifts to Minors Act (UGMA) and Uniform Transfer to Minors Act (UTMA) accounts for which you're the owner, stocks, bonds, certificates of deposit, etc. 

Assets don’t include 

  • the home in which you live; 
  • UGMA and UTMA accounts for which you're the custodian, but not the owner; 
  • the value of life insurance;  
  • ABLE accounts; and 
  • retirement plans (401[k] plans, pension funds, annuities, noneducation IRAs, Keogh plans, etc.). 

Select “Yes” if your (and if married, your spouse’s) current asset net worth exceeds the amount listed as of today.

Select “No” if your (and if married, your spouse’s) current asset net worth doesn’t exceed the amount listed as of today.

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