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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]DCUM: always giving me something to strive for. Just curious, how do you calculate your net worth? [/quote] Simple: all assets minus liabilities. [/quote] Except you always get jealous people who insist that you have to count your 401k only AFTER taxes, which is silly. [/quote] Why is that silly or why would that imply jealously? It’s clearly in the definition of net worth – assets minus liabilities. Traditional 401(k)s allow you to *defer* your tax liability, not eliminate it. Otherwise, $1 million in a Roth account would be no more valuable than $1 million in a traditional 401(k). Now, if you want to talk about silly, look at the idiots who don’t consider home equity an asset in net worth calculation because “yOu alWaYS hAvE tO lIVe sOmEwHEre!” Apparently, they don’t understand the concept of imputed rent and that if someone did not have a paid-off house, they would need significantly more investments to be able to cover monthly rent payments.[/quote]
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