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[quote=Anonymous][quote=Anonymous]It is really funny. Compare this thread to the 35-40 year old thread.  It seems like the younger people have MORE money than this crowd, which is most likely BS.[/quote]

I noticed that too, and I don’t think it is B.S. for a few reasons:
1. Younger arrivals to DC tend to work in highly paid careers; often they have relocated from NY;
2. Still on first marriages or had early starter marriage with no kids;
3. Not old enough to have experienced disability that impacts earnings power;
4. Not old enough to have had to take time away from work to care for sick or dying family members;
5. May not have special needs diagnoses for kids or selves (this leads to out of pocket medical costs).

Yes, when I was 35, I thought I’d be rich forever because I had $750k in wealth and a lucrative career. Ha!

At 57 and 59, we still have two kids to get through college. Biggest area where we screwed up on savings. Lost a lot of money due to family health, disability and caretaking responsibilities as well as disability.

Thank God we saved as much as we did in our 20s and 30s. The 40s and 50s have dragged us down financially, but looks like we will still be fine, God willing. 
I’ve actually never before calculated the value of the pension / annuity other than to know it will pay us roughly what we make now @ $175k yearly. So I’m shocked we are worth this much. Gotta love DC, you always feel poor! Actually it is our cash flow as a family of four here that is so hard. Had to move kids to private school due to crazy public schools, so there is that too!

Net Worth:$7.2M
Income: $175k 
Home equity: $900k
401ks, IRAs: $3M
Value of pension/annuity per calc shared upstream in the thread: $3M
College and emergency savings: $350k[/quote]

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