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[quote=Anonymous][quote=Anonymous]Curious, for those stating net worth, are you subtracting any taxes that will be due upon liquidating retirement and deferred comp accounts and exercising stock options? Our net worth is technically over $15M, but when calculating NW, my financial advisor likes to subtract estimated tax liabilities for our retirement, deferred comp and stock options accounts. That amounts to almost $3M, bringing our net worth down to a little over $12M. Is this a typical way to calculate NW? [/quote] Heck no I don’t take taxes out of retirement accounts when calculating my NW. Where’s the fun in that?! Plus my retirement accounts have decades more to grow and all that tax deferred growth to compound. I mean, if you’re going to take taxes out of retirement accounts you might as well take inheritance taxes out of everything, capital gains tax to account for 1099 liability, etc. [/quote]
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