Manage Asset Information in Lifetime Planner

Use the Lifetime Planner to include offline assets—such as a house or high-value property—in your long-term financial plan. Adding or updating asset details helps you forecast how these properties influence your net worth, expenses, and income over time.

Track Current and Planned Assets

• Current Assets: You need an existing asset account if you already own the asset. Record its current market value, any outstanding loans, and expenses like property taxes.

• Planned Assets: Estimate the date and cost of any future purchase. Specify how you’ll pay for it (for example, using a savings account or by taking out a loan).

Account for Income and Expenses

• Income: If you receive rental income or other revenue from the asset, enter it so the Lifetime Planner can include it in your forecasts.

• Expenses: Add ongoing costs such as property taxes, insurance, or maintenance under the asset details or in your living expenses—but not in both.

Procedure: Update Asset Details in Lifetime Planner

1. Open the Planner
   Select the Planning tab, then choose Lifetime Planner.

2. Go to Homes and Assets
   In Plan Assumptions, select Homes and Assets.

3. Edit or Add Asset

   • If you have an existing asset account for a property you already own, select that asset to update its value, loan information, or future sale details.

   • If the asset account doesn’t exist yet, create it first using the Add Account option, then return here to enter its Lifetime Planner details.

4. Save Your Changes
   Click Save (or Done) to confirm. Quicken integrates your asset information into your overall plan.

Important Notes

• Avoid Duplication: Don’t enter the same expense twice—once under the asset’s details and again as a living expense.

• Tax Considerations: Consult a professional for specific questions about capital gains, exemptions, or other asset-related tax concerns.