Reply to Looks like I need 6.2M to retire

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[quote=Anonymous][quote=Anonymous]I think the average person near retirement has way more money than they think they have.

I have no money. But I started adding up my none money and it adds up.

I have a few 401Ks some from old companies  They are 2 million. My wife has not worked in years but she has an old 401k worth one million I found, also found a old 100K cash balance pension, 400K in old stock grants, 300k in CDs that are rolling, and old brokerage account for 120k and another old brokerage account with 1.5 million, a left over 529 with 70K and some old Ibonds worth 20K.  I even realized my 4 paid off cars are worth over 100k.

People should add up their lost money. Throw in home equity which is at least one million most people you should be fine even if you retire penniless.

[/quote]

Who loses millions of dollars? I keep track of all my accounts. Once a quarter I do an update of our net worth. At least once a year our financial advisor looks at our assets to see if we need to rebalance. I know how much my houses are worth - Redfin and zillow send me updates about once a week.[/quote]

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