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Reply to "Do most people on DCUM have a net worth of at least 1 million?"
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[quote=Anonymous][quote=Anonymous]How do you factor in pensions? [/quote] This has come up a number of times here. Finance professionals debate it, and my read is the edge is given to not counting it in. My view is that pension matters for net worth if your horizon is your lifetime and what you will have in retirement. If you view your net worth more in terms of what you might leave in your estate, pension is irrelevant except to the extent that you don't need to use your other assets to live on because of your pension, you will have more of the other assets for your estate.. A shortcut way of including pension in your net worth is dividing your yearly pension by 0.04. So $100,000 a year in pension would be the equivalent of $2.5 million.[/quote]
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