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Reply to "Does net worth include equity in your house?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]There seems to be some disagreement on this topic. Do you count house equity in your net worth calculations. If so, is the equity based on house value or the amount you paid for the house?[/quote] Technically, yes (proper accounting principle). Practically, no (you'll need a roof to live under at all times so best to keep it out of your net worth for "how much do I need to retire on" calculation).[/quote] Well, no, not really. If you cash out your equity and rent in retirement, it would be a different calculation.[/quote]
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