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Reply to "What is your house worth"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]What ages are you? 43 and 48 Net worth? $4.1 mil plus $2 mil pension (payments already started) Primary residence: $1.8 million ($575k mortgage) Vacation residence: $730k ($500k left on mortgage) HHI: $440k (including monthly pension) # of kids: 3 (12, 10 & 8)[/quote] What do you mean by 2M pension, a penaion that is equal to 2M in investments? 80K/year?[/quote] [b]Current pension is $80k per year with cost of living adjustment.[/b] Started last year—retired military. Currently a GS-13 and DW is an executive director of a state non-profit.[/quote] That's a weird way to tack on $2M onto your net worth. My parent has a World Bank/IMF pension paying out $250K per year (from the days when those pensions were generous). By your math, that pension is worth $6.25M. Throw in their DC-area house and other savings and their net worth is close to $9M? Seems high for a DC worker drone.[/quote]
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