I would go in between. I would exclude illiquid assets like real estate, vehicles, etc. But I'd include liquid assets like retirement accounts, especially for those who have reached age 59.5. What about pensions and social security. If you have started to draw on those, do you include the present value of those income streams in the calculation? I'm not sure about that one.
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I would go in between. I would exclude illiquid assets like real estate, vehicles, etc. But I'd include liquid assets like retirement accounts, especially for those who have reached age 59.5. What about pensions and social security. If you have started to draw on those, do you include the present value of those income streams in the calculation? I'm not sure about that one.
Post: What is your definition of a millionaire?
Link to comment from June 22, 2024