Toggle navigation
Toggle navigation
Home
DCUM Forums
Nanny Forums
Events
About DCUM
Advertising
Search
Recent Topics
Hottest Topics
FAQs and Guidelines
Privacy Policy
Your current identity is: Anonymous
Login
Preview
Subject:
Forum Index
»
Money and Finances
Reply to "How much net worth would you need, at what age, to feel "set"?"
Subject:
Emoticons
More smilies
Text Color:
Default
Dark Red
Red
Orange
Brown
Yellow
Green
Olive
Cyan
Blue
Dark Blue
Violet
White
Black
Font:
Very Small
Small
Normal
Big
Giant
Close Marks
[quote=Anonymous][quote=Anonymous]I'm in a unique situation - inherited about $5mil, for a total net worth of about $6mil at 35. DH and I both work, HHI about $200k including bonuses and mandatory inherited IRA distributions. Our house is paid off ($1mil, included in the net worth) and in both our names, but the majority of the additional money is in mine alone (inheritance from my family). We have two very young kids. Would you feel "set" with this amount, assuming it will increase substantially over our lifetimes? I really hope this doesn't come across as bragging - it was some serious family health horrors that got us here - but it's not the kind of thing you can talk about with friends. Would appreciate any thoughts.[/quote] Yes, with $5M plus a paid off house I would feel "set." I would probably still work, at least PT, but would feel comfortable spending all new income without additional savings. I would not spend the principle except in desperation.[/quote]
Options
Disable HTML in this message
Disable BB Code in this message
Disable smilies in this message
Review message
Search
Recent Topics
Hottest Topics
