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Reply to "What's your net worth?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Assets minus liabilities. Include home equity. Don't include value of expected pension. And don't lie or exaggerate. No reason to. This is an anonymous forum! [/quote] I think posters should include expected pension- that makes a huge difference. As does expected inheritance, if any. I don’t have either of those, but a number of friends will receive inheritances in the millions (they don’t brag about it, but I know their parents and family situations well enough to estimate). [/quote] Smart people don’t include inheritances in their long-term planning. The parents can have unexpected medical expenses, get estranged from their children, become widowed and marry gold-diggers, suddenly decide to leave everything to their neighbors cat……[/quote]
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