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Reply to "Question for those of you to track your net worth"
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[quote=Anonymous]Look there is no one I officially report by net worth to - it is something I try to assess every once in a while for my own benefit. And to keep it as meaningful for me as possible, I do roughly factor in taxes. For example, I have $1M in a regular IRA and $1M in a Roth IRA. I do not consider those two accounts to be equally valuable - because the Roth one is not going to be taxed so it is worth more to me. Similarly, I am in the highest tax bracket and planning to work for 10 + years (hopefully at this income level) and just inherited a $2M in an IRA. Do I consider myself $2M richer? Nope I consider myself to be about $1.15M richer because I mentally net out the taxes. [/quote]
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