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Reply to "55+ folks, what's your total net worth? "
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[quote=Anonymous][quote=Anonymous]How does one define net worth? Do you include anticipated tax liabilities for stock options/grants, 401K, deferred comp, and and other retirement funds? If so, our net worth is 10.7M. If not, net worth is 13M. I'm 64. [/quote] However you want. At the end of the day, it has to translate into cashflow to be meaningful. For example, a 1000 bitcoin on a hard drive you've locked away but can't find the key is pointless though it is your asset and should be part of your net worth. The tax impact may be different depending on tax rates, how much you withdraw, etc. Best deal with it as you go vs. factoring it now and over-complicating things.[/quote]
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