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Money and Finances
Reply to "What's your net worth?"
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[quote=Anonymous][quote=Anonymous]Fine, if you're all going to be so weird about it, I get $45k a year in social security. I'd need the equivalent of $1.1 million in investments to generate that amount each year under the 4 percent rule. So I will now add $1.1 million to my net worth . . . I'm even richer than I thought![/quote] But SS is not a guarantee! it can/could change at any time. But having $1.1M in the bank is a guarantee, it's yours and you can invest it how you see fit. However, I do agree while SS is not part of your networth, you can estimate you will get $45K/year to use to fund your retirement. Most normal people plan on that (or some portion---I personally don't expect to get the full amount when I turn 67 in 10+ years). [/quote]
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