Reply to How many 55yo that you know in DMV have $3M+ NW?

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[quote=Anonymous][quote=Anonymous]I guess I have that kind of NW, and I can defend the “not rich” comment. I am not going to claim poverty but it’s not really accessible. I’m a 57 year old fed single parent. My TSP is sitting at around 2m, I have whatever equity I have in my close-in townhouse that I bought years ago, I have whatever you value a federal pension at, and a few cash accounts, cds, bonds, etc. This is not FU money, fly business/firsf class money to high end resort several times a year money, or buy a Lamborghini money. My car is 12 years old. I got here by being careful and saving, and it will last me in retirement because I don’t spend like a drunken sailor either. I appreciate that I am secure unlike so many Americans, but when all your NW is tied up in a couple of vehicles that on some level you have no control over (eg primary residence) this is not the “rich” class.[/quote]
+1 my situation is very similar. Well said. I am very comfortable relative to the US population and feel very fortunate but it’s not what many people think of as “rich”.[/quote]

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