Anonymous wrote:I'm 55 now. At 48 our HHI was $90k. Net worth included about $50k in home equity, $400k in our retirement plans and a roll of quarters in my desk.

I like you!

53, HHI $330K, net worth $5 millions include home equity, no mortgage, prepaid tuition for kids

Divorced, no kids
HHI: $130K
Net worth: $630K

Anonymous wrote:We are 54 years old. 4 mil. No mortgage. College and professional school - law, medicine, business - fully funded for two kids. HHI 300K. I bought a huge dowry to the marriage, the house was a wedding gift from my elder brother and my ILs have paid for the college education of the two kids. I am a SAHM, DH works in a field that he is very well respected in and he is very passionate about.

Can your parents adopt me?

Anonymous wrote:My rule of thumb here is to just lop off a hundred thousand from whatever folks say is in their 401k. It’s like a monetary anonymous d*** measuring contest. As an aside, the same goes for self reported commute times. No ma’am, you’re not getting from Leesnurg to Farragut West in 20 minutes, “tops”.

This makes me laugh, but for myself I'm honest (I round up/down for ease but not to distort). Whenever there's something like this I feel like responding to, I just open the excel sheet where I keep the numbers and put what they ask for. Our income numbers are usually lower than the average reported but we've done just fine so I feel maybe that might reassure a fellow moderate lurker who starts to think you can't live here/ever retire/have a regular middle class life without 200k HHI minimum. I assume there's some who lie--or who have optimistic ways of measuring money/commutes/children's intelligence --but I would think that's probably 15-20% of folks. If you lie, you probably think everybody else is lying, so why would you bother reading/asking--there would be too low signal/noise? But I'm female, so maybe I'm less attuned to d*** measuring contests?

The rounding might be relative too. My teenage kids count their assets to the penny, but I'll round up/down to the nearest 25 or 50K if talking about assets and the nearest 10K if talking about income. Someone who makes/has a lot more may round up/down by 100K, quarter, half million etc. for assets and 50k by income.

36 , Not 48 yet.
hhi: 350k
Net worth: 1.6 mil including 500k in real estate.

Projection for 48:
hhi 500k
Net worth: 6 mil

HHI: currently around 110k (single earner, DH quit to launch non-profit--no salary taken in the past 3 years, may take small one later if need be). Though prior HHI was never over 150k/yr and for many years much less.
Ages: 48/50
Net worth-1.7 million (around 1.45 million if you don't include home equity).

We never earned very high salaries. We prioritized having autonomy, working in areas we value and found work that gave us that and enough for our wants/needs. But we have consistently invested since our early 20s even during grad school and daycare years so our assets are reasonably high for our earnings/expenses. Our plan is to stop contributing to retirement except to get match during years we are paying for college (in addition to using our college savings) because we're fairly close to a place that could fund our retirement so we could just let the assets grow without much further contributions. I'm not planning to retire before 67 because I enjoy and care about my work.

Anonymous wrote:48, $850k Income, $1.75 million in retirement, $3.0 million real estate.

Out of curiosity, what's your profession (because maybe I need to switch professions)? Is is that income not necessary salary/bonus?

DH and I are 47. HHI 250k. $1M in home equity/savings/retirement.

48, $850k Income, $1.75 million in retirement, $3.0 million real estate.

Anonymous wrote:

Anonymous wrote:My rule of thumb here is to just lop off a hundred thousand from whatever folks say is in their 401k. It’s like a monetary anonymous d*** measuring contest. As an aside, the same goes for self reported commute times. No ma’am, you’re not getting from Leesnurg to Farragut West in 20 minutes, “tops”.

Why would anyone lie on an anonymous forum about their 401(k) balance? There's no point. I believe people when they say on this forum what their assets more.

Some people on this forum want to believe that people with more money than they have have messed-up lives and mounds of debt. I've observed that there are many people who have more money than I do, and who do not have messed up lives.

$100K in retirement accounts is a rounding error for many DCUM posters.

Anonymous wrote:My rule of thumb here is to just lop off a hundred thousand from whatever folks say is in their 401k. It’s like a monetary anonymous d*** measuring contest. As an aside, the same goes for self reported commute times. No ma’am, you’re not getting from Leesnurg to Farragut West in 20 minutes, “tops”.

Why would anyone lie on an anonymous forum about their 401(k) balance? There's no point. I believe people when they say on this forum what their assets more.

Some people on this forum want to believe that people with more money than they have have messed-up lives and mounds of debt. I've observed that there are many people who have more money than I do, and who do not have messed up lives.

Anonymous wrote:Lets see. 48 would have been 2012. Worth was about 600,000K. 48 was a bad year for me though, as I was out sick for about 1/2 the year, and ran up about 200K total medical bills (most covered by insurance). Salary dropped from 150K to 120K because of illness.

But if most was covered by insurance, then you didn't ring up $200k in bills.

At 48 HHI was around $500k and net worth was around $2.5-3.0. But that was 19 years ago!

Do you really not have anything better to do with your time?