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[quote=Anonymous][quote=Anonymous][quote=Anonymous]When people ask this, should we include
- Retirement accounts like 401k, IRA, and TSP?
- Home equity?
- 529s?

If you strip all that, we are not millionaires. If you count retirement accounts, we are almost multimillionaires. No inheritance.[/quote]

Net Worth is literally Assets minus Liabilities. It includes everything. Yes that ignores lots of complexity from accounts with special rules, deferred taxes, etc but it's how the whole industry defines the term. [/quote]

This. For the snooty ass responder who is criticizing people for including retirement and non liquid assets in our net worth, you’re being a jerk. And I say that as someone with a lot more than $1m in my fully liquid assets. The question in the original op was to ask if you had net worth over $1m, with a separate question re whether that number includes real estate. Responders that included all assets, including retirement and real estate, were responding correctly to the op. You just decided to impose your own question to the question, presumably just to be a jerk and make people feel bad. [/quote]

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