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Reply to "Counting home value in net worth"
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[quote=Anonymous]To Brown Brothers, who make their living skimming off the top of invested assets, it's important they they distinguish between people with invested assets and people without them. But that has nothing to do with net worth. Net worth is a definition and it includes all assets minus all liabilities. So, yes, your home(s) is included. Now, whether you use that net worth number for anything is a different question. I do not. There is no value in counting my home equity or the value of the account I intend to annuitize when I calculate what withdrawal amount I can afford from my invested assets. First tell me what you are trying to do, then we'll tell you what you should count. Some who look to retire early (40s, early 50s) may not wish to count assets in retirement plans if those assets are unavailable. What you are trying to do matters. Nothing to do with whether home equity is in your net worth--of course it is.[/quote]
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