Anonymous
Post 03/03/2024 11:37     Subject: Top one percent
Anonymous wrote:
Anonymous wrote:Is this before tax or after tax, for people who have money in 401ks?


Just stop it already. No, you don’t take taxes into accounts. For one thing, you don’t even know what your future taxes will be. For another, you can manipulate them.


On more thing. If you leave a 401k in your estate, the IRS will value it at the nominal amount, not less taxes.
Anonymous
Post 03/03/2024 11:36     Subject: Top one percent
I’m a poor. Only 1.2 million NW.
Anonymous
Post 03/03/2024 10:09     Subject: Top one percent
Anonymous wrote:
Anonymous wrote:Is this before tax or after tax, for people who have money in 401ks?


It's net worth, not income.


Once it's in your 401k it's no longer income--it's part of your net worth.
Anonymous
Post 03/03/2024 10:05     Subject: Top one percent
Anonymous wrote:
Anonymous wrote:DCUM: always giving me something to strive for.

Just curious, how do you calculate your net worth?


Simple: all assets minus liabilities.


Except you always get jealous people who insist that you have to count your 401k only AFTER taxes, which is silly.
Anonymous
Post 03/03/2024 10:03     Subject: Top one percent
Anonymous wrote:DCUM: always giving me something to strive for.

Just curious, how do you calculate your net worth?


Simple: all assets minus liabilities.
Anonymous
Post 03/03/2024 10:03     Subject: Top one percent
Anonymous wrote:Interesting..

I always believed the Fed Reserve numbers. The real 1% might be twice what you think it is or half... that's a big difference.

https://www.financialsamurai.com/obtaining-a-top-1-net-worth-easier-than-ever/#:~:text=According%20to%20the%20October%202023,wouldn%27t%20provide%20false%20information.

Seems that you have a comprehension issue. Those numbers are “mean net worth “ among top 1%, top 1%…, not the thresholds to qualify.
Anonymous
Post 03/03/2024 10:00     Subject: Top one percent
Anonymous wrote:Is this before tax or after tax, for people who have money in 401ks?


Just stop it already. No, you don’t take taxes into accounts. For one thing, you don’t even know what your future taxes will be. For another, you can manipulate them.
Anonymous
Post 03/03/2024 10:00     Subject: Top one percent
Anonymous wrote:Is this before tax or after tax, for people who have money in 401ks?


It's net worth, not income.
Anonymous
Post 03/03/2024 09:58     Subject: Top one percent
Anonymous wrote:DCUM: always giving me something to strive for.

Just curious, how do you calculate your net worth?


There’s only one way to do that. Assets minus liabilities.
Anonymous
Post 03/03/2024 09:45     Subject: Top one percent
Is this before tax or after tax, for people who have money in 401ks?
Anonymous
Post 03/03/2024 09:45     Subject: Top one percent
Anonymous wrote:DCUM: always giving me something to strive for.

Just curious, how do you calculate your net worth?


Really?!?!
Assets minus liabilities. Step one of financial health.
Anonymous
Post 03/03/2024 09:44     Subject: Top one percent
Interesting..

I always believed the Fed Reserve numbers. The real 1% might be twice what you think it is or half... that's a big difference.

https://www.financialsamurai.com/obtaining-a-top-1-net-worth-easier-than-ever/#:~:text=According%20to%20the%20October%202023,wouldn%27t%20provide%20false%20information.
Anonymous
Post 03/03/2024 09:43     Subject: Top one percent
DCUM: always giving me something to strive for.

Just curious, how do you calculate your net worth?
Anonymous
Post 03/03/2024 09:40     Subject: Top one percent
Not even close, I'm one of the DCUM poors.

There are dozens of us! Dozens!
Anonymous
Post 03/03/2024 09:40     Subject: Top one percent
You need at least $5.8 million.

I’m there. Are you?

https://www.businessinsider.com/top-1-percent-wealth-richest-countries-united-states-monaco-luxembourg-2024-2?amp