Reply to 55+ folks, what's your total net worth?

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[quote=Anonymous][quote=Anonymous]We are both in our late 60s, and we retired a few years ago. We had low-paying teacher jobs and are trying to get by on our social security, which isn't a lot, but we have a shortfall each year and have to dip into retirement savings more than I would like.

Our retirement accounts from our teaching are $300,000 combined. I was previously married to a much higher earner and got a portion of his retirement account which is now worth about $600,000 and have an inherited IRA of $100,000. Total $1 million in IRAs but only a third of that through our jobs. We also did well in real estate thanks mostly to my divorce settlement, so we have $900,000 in home equity and no mortgage. Kids are grown and self-supporting. I inherited a portion of two properties from a parent a few years ago; my share of the combined value is $1.4 million.

So our net worth is $3.3 million, almost all of which is thanks to my first marriage and my inherited property. If we had only had our teaching incomes, we never could have bought a house and I don't know how we would be eking out a retirement. I am usually amazed at the net worths reported on DCUM. [/quote]

Must be nice. I'm jealous. I'll never inherit or be given a single god damn thing in my life. Ugh.[/quote]

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