Toggle navigation
Toggle navigation
Home
DCUM Forums
Nanny Forums
Events
About DCUM
Advertising
Search
Recent Topics
Hottest Topics
FAQs and Guidelines
Privacy Policy
Your current identity is: Anonymous
Login
Preview
Subject:
Forum Index
»
Money and Finances
Reply to "If you have a net worth of 1.4 million at 44"
Subject:
Emoticons
More smilies
Text Color:
Default
Dark Red
Red
Orange
Brown
Yellow
Green
Olive
Cyan
Blue
Dark Blue
Violet
White
Black
Font:
Very Small
Small
Normal
Big
Giant
Close Marks
[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] Bc when people say “we have x saved” people ask if some percentage of that will be used for college and thus not available for retirement. Have $1M in investments and outside savings for college is different than having $1M in savings, half of which will likely go to tuition payments for some number of children. [/quote]
Options
Disable HTML in this message
Disable BB Code in this message
Disable smilies in this message
Review message
Search
Recent Topics
Hottest Topics