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Reply to "s/o what is rich - net worth"
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[quote=Anonymous]It all depends, of course, but IMO you can go with a lot less than $10M. I (we) have $4M+ in savings/investments (over 30x my annual earnings when I retired 3 yrs ago at 58), $800k in home equity, relatively small debt ($250k on a $1.3M house, could pay it off tomorrow but no need with such a low interest rate on it now), and $50k/yr in retirement pay. Don't have to work, don't have to scrimp, can buy what we want (we aren't Drumpf-ish glitz whores), etc. With investment income and DW's income (modest) we're @ $150-180k/yr. income and not touching principal. Yes, $10M would be nicer but we consider ourselves incredibly lucky.[/quote]
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