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Reply to "Can someone explain why median or average net worth matter when the recommended net worth is the most important number?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Recommended, hmm. And what are the criteria used for that recommendation? Cost of living your area? Number of dependents? Are you used to more lavish lifestyle and will you be shocked when you can't maintain that in retirement? Does it factor in college costs? What about nursing homes when you get dementia, like most people who live long enough? Are you really this dumb? [/quote] I don’t think you can read very well. Formulas do take into account everything above you mentioned, as well as a buffer for unforeseen circumstances. Are you really that dumb? [/quote] The. Point. Is. That. No. Formula. Can. Take. All. These. Criteria. Into. Account. But to be honest, it's my bad, OP. I shouldn't expect anyone who creates a thread asking this question to have anything more than a low IQ. [/quote]
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