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Reply to "What is your net worth if you are 55 years of age"
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[quote=Anonymous][quote=Anonymous]51 and 57. $160K combined HHI (no, we're not big wage earners.) Total net worth approximately $3.5M. We have a combined $1.7M in IRA's. [b]$1.2M in stock (inheritance.)[/b] $200K in 529's - junior in college, senior in high school and sophomore in high school. We have enough in the 529s to pay for the 2 oldest. We'll have to dip into savings for the youngest. House is worth approximately $700K and we owe $200K. Smartest decision we both made - maxing out our 401K's when we both started working[/quote] And picking the right parents, don't forget, since more than a third of your net worth comes from that nice inheritance.[/quote]
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