Reply to Do you include your home equity in net worth ?

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[quote=Anonymous]As was mentioned early on, NW includes home, cars, valuables (jewelry, as an example, art)....anything you can sell.

We don't count anything other than investments, 401ks, bonds, etc, + home. But we focus on what was referred to here as the walk-away number. (We just say we need X + house to retire.)

In our case, our home is one level with a small separate suite for a caretaker. Our hope is to age in place. To do this, we will need to be able to afford to pay for care in-home. So our home, with any luck, only provides value to our heirs. If that plan doesn't work out, then yes, we could sell to use the money to move into assisted living or nursing. But we don't want this to be a must-situation because we need the money out of the house. (Or at that age need to figure out reverse mortgage, or something.) Basically, we don't want to ever need the money out of the house.

TL;DR While the house is technically part of NW, we don't include it in our financial planning.

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