Reply to If you have a net worth of 1.4 million at 44

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]We make $300K/year now.  Right now we have $1.2m saved not counting our house[b] (or the kids' 529s) [/b]and my husband hopes to have $2m when we retire.  He says that would give us $100,000 a year in interest to live on, plus his pension.  I don't know what a good target amount really is - but our house will be paid off in 3 years (I'm 42).  Our house is worth appx. $900K rn.

Anyway - I am not using a financial advisor [yet].  I am not opposed to it but I am trying to read what I can for free first.  I recently read I will teach you to be rich by Ramit Sethi.[/quote]

Why would you even mention your kids 529?  That is a gift you gave them.  To even mention it when discussing your NW is crazy.  [/quote]

You’re nuts. If she hadn’t mentioned them, you probably would have asked how she can be so irresponsible as to not save for her kids’ college. [/quote]

She said "Not counting", as if there is a scenario where it's OK to count the 529 towards your NW[/quote]

Our financial advisor considers our 529s as part of our net worth.  The net worth number is kind of meaningless though.  [/quote]

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