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Reply to "40 years old - what is your net worth? "
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[quote=Anonymous]You need to calculate it yourself. Are you expecting your income to increase? Are you set for college costs? How do you want to live after retirement? At the same level of comfort you do now, or lower or higher? In an area with a high, middling or low cost of living? If low, there won't be a lot of services in your area. Do you understand you will have higher medical expenses? Are you aware that nursing homes can be often more than 10K a month, depending on services rendered? And so on. If you plug in your numbers into a run-of-the-mill calculator, it won't tell you much, because the average American has very little in savings, and no idea how they'll survive in retirement. If you want more than that... you need to be way above the average net worth. [/quote]
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