Anonymous
04/25/2014 21:05
Subject: What's your "number"?
$15mil for a worry-free retirement
Anonymous
04/25/2014 21:04
Subject: What's your "number"?
Anonymous wrote:This q is for working people only ... please no sidetracking observations from the trust fund crew. What's the total net worth target you're aiming for or which would satisfy your savings goal and cause you to retire? What are you hoping to cover with that number?
My number is $6mm. Hope to cover three kids' college. Retirement for DS and myself. Vacation home ideally. Would like to pass on a few hundred thousand per kid.
5-6 million is our plan. Hoping to retire before 60. All depends on what the market does in the next 10-12 years.
Anonymous
04/25/2014 21:02
Subject: Re:What's your "number"?
Anonymous wrote:Sorry to sound dumb but what is the "total net worth target"? Is this your savings (401k and 529s, iras) paid off cars and house equity? How could you possibly save 25 million? Or even 10million?
Not OP, but yes, this would be my assumption.
Anonymous
04/25/2014 20:59
Subject: What's your "number"?
Anonymous wrote:$4M min, ideally more. We're on track for our minimum.
2 kids.
Travel.
Same here. We've got 20 years until retirement so many years of saving.
Anonymous
04/25/2014 20:58
Subject: Re:What's your "number"?
Sorry to sound dumb but what is the "total net worth target"? Is this your savings (401k and 529s, iras) paid off cars and house equity? How could you possibly save 25 million? Or even 10million?
Anonymous
04/25/2014 20:53
Subject: What's your "number"?
Who ARE you people?? Bill Gates and Watren Buffet??
Anonymous
04/25/2014 20:53
Subject: What's your "number"?
$4M min, ideally more. We're on track for our minimum.
2 kids.
Travel.
2 kids.
Travel.
Anonymous
04/25/2014 20:48
Subject: Re:What's your "number"?
$1 million.
Anonymous
04/25/2014 20:44
Subject: What's your "number"?
$25m is our number and so far we're on track although quite a number of years away from it.
Anonymous
04/25/2014 20:39
Subject: Re:What's your "number"?
Anonymous wrote:$10mm to $12mm.
Same. We actually discuss this all the time in my family, cousins and siblings in our mid to late 40ties/early 50ties. We're Asian, mostly doctors and lawyers.
Anonymous
04/25/2014 20:38
Subject: What's your "number"?
4m exclusive of kids' college
Anonymous
04/25/2014 20:37
Subject: What's your "number"?
$8m
Anonymous
04/25/2014 20:36
Subject: What's your "number"?
No less than $10MM which would cover retirement, college for 3 children, trusts for the kids, charitable giving and a boatload of travel.
Anonymous
04/25/2014 20:34
Subject: Re:What's your "number"?
$10mm to $12mm.
Anonymous
04/25/2014 20:20
Subject: What's your "number"?
This q is for working people only ... please no sidetracking observations from the trust fund crew. What's the total net worth target you're aiming for or which would satisfy your savings goal and cause you to retire? What are you hoping to cover with that number?
My number is $6mm. Hope to cover three kids' college. Retirement for DS and myself. Vacation home ideally. Would like to pass on a few hundred thousand per kid.
My number is $6mm. Hope to cover three kids' college. Retirement for DS and myself. Vacation home ideally. Would like to pass on a few hundred thousand per kid.