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

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[quote=Anonymous]turn 50 later this year, personal net worth just crossed $2mil. basically all luck, though-- money from tech stock options got me through the stock market crashes and several layoffs. supported parents for 20+ years until they passed. memory care those last few years was a beeotch, glad that outgo is done. ($16k/month)

now just have a grade-school kiddo to worry about, and my federal job. I definitely don't have enough to retire on, but we hopefully wouldn't lose our house even if a RIF gets me. i've got about 18 months of expenses in liquidish reserves.

younger spouse has around 1.5mil net worth but came from money so didn't come to the relationship with any debts. basically, in the long-term we should be doing great, as long as we can weather whatever shitstorm heads our way in the next four years. net worth is a completely fictional metric that depends on the underlying asset valuation remaining stable. And hopefully I can just keep my head down and work steadily for the next 15 years or so. [/quote]

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