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Reply to "When did you hit $1m in networth?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]We hit it right before the recession. We saw it on mint -- home equity plus retirement accounts = over $1M net worth. Then it slipped away with the recession. Just got it back about a year ago and now we are at $1.075M. [/quote] How old were/are you?[/quote] I am 50 -- DH got about $300k of that as a buy out in lieu of a pension. $450k is my 401k. House is worth $400k, we owe $200k on it. No other debt. Other savings and investments about $100k or so. HHI about $160k per year. We would be farther ahead but we currently have private school tuition payments. I will have a pension of about $45k a year in the future but that will be taxed, as will all the other sources of income at this point. It would be nice to have something in a Roth but we can't afford it right now. Although I feel proud that we've saved so much I worry that it's not enough. [/quote]
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