Get Navy Electronic Financial Planning Worksheet 2020

The Navy Electronic Financial Planning Worksheet 2020 is an essential tool for users to assess and manage their financial situation effectively. This guide provides comprehensive steps to complete the form online, ensuring you capture all necessary information accurately.

Follow the steps to successfully complete the worksheet online.

1. Click the ‘Get Form’ button to acquire the worksheet and access it in your online editor.
2. Begin by entering your personal information in the designated fields, including your date, social security number, rate, name, age, pay grade, years in service, and your date reported or projected rotation date.
3. Next, provide details regarding your marital status, your partner’s name, their age, and place of employment. Additionally, include the number of children and their ages.
4. Input your home address, work and home telephone numbers, and the command or referral source for this worksheet.
5. Enter the amounts for your elected Servicemember’s Group Life Insurance (SGLI) and Family Servicemember’s Group Life Insurance (FSGLI).
6. Fill out your Thrift Savings Plan (TSP) monthly contribution, followed by the Montgomery GI Bill (MGIB) monthly contribution.
7. Proceed to the Statement of Net Worth section, listing all assets and liabilities. Accurately assess the market value of your real estate and other assets.
8. Document your monthly income under 'Entitlements,' specifying actual and projected amounts for various military compensations and income sources.
9. Complete the deductions section by detailing applicable deductions and calculating your net income.
10. Fill in the monthly savings and living expenses section, ensuring to account for actual and projected figures in categories such as food, utilities, transportation, and more.
11. Final sections involve summarizing your monthly net income, savings, and expenses, and calculating your debt-to-income ratio.
12. Once all information is complete, review the worksheet for accuracy. You will then have the option to save changes, download, print, or share your completed form.

Start filling out the Navy Electronic Financial Planning Worksheet 2020 online today to take control of your financial future.