Question about net worth, please advise.

[Eugene]

[quote]I’m in my mid-30s now and I think I have about 600k (including everything cash or asset). Am I on track? Am I behind? I don’t really get a chance to talk about this with friends because we usually don’t get too involved in this subject.[/quote]

You’re doing a lot better than most Americans. Fewer than 10% (possibly as few as 2-3%) of people your age have 600k in assets. In 2004, median net worth of a 40-year-old was around $60,000, and that’s including home equity.

[an]

[quote=Eugene][quote]I’m in my mid-30s now and I think I have about 600k (including everything cash or asset). Am I on track? Am I behind? I don’t really get a chance to talk about this with friends because we usually don’t get too involved in this subject.[/quote]

You’re doing a lot better than most Americans. Fewer than 10% (possibly as few as 2-3%) of people your age have 600k in assets. In 2004, median net worth of a 40-year-old was around $60,000, and that’s including home equity.[/quote]
I’ve heard similar stats too. But average Americans will depend on SS to retire.

[an]

[quote=Eugene][quote]I’m in my mid-30s now and I think I have about 600k (including everything cash or asset). Am I on track? Am I behind? I don’t really get a chance to talk about this with friends because we usually don’t get too involved in this subject.[/quote]

You’re doing a lot better than most Americans. Fewer than 10% (possibly as few as 2-3%) of people your age have 600k in assets. In 2004, median net worth of a 40-year-old was around $60,000, and that’s including home equity.[/quote]
I’ve heard similar stats too. But average Americans will depend on SS to retire.

[an]

[quote=Eugene][quote]I’m in my mid-30s now and I think I have about 600k (including everything cash or asset). Am I on track? Am I behind? I don’t really get a chance to talk about this with friends because we usually don’t get too involved in this subject.[/quote]

You’re doing a lot better than most Americans. Fewer than 10% (possibly as few as 2-3%) of people your age have 600k in assets. In 2004, median net worth of a 40-year-old was around $60,000, and that’s including home equity.[/quote]
I’ve heard similar stats too. But average Americans will depend on SS to retire.

[an]

[quote=Eugene][quote]I’m in my mid-30s now and I think I have about 600k (including everything cash or asset). Am I on track? Am I behind? I don’t really get a chance to talk about this with friends because we usually don’t get too involved in this subject.[/quote]

You’re doing a lot better than most Americans. Fewer than 10% (possibly as few as 2-3%) of people your age have 600k in assets. In 2004, median net worth of a 40-year-old was around $60,000, and that’s including home equity.[/quote]
I’ve heard similar stats too. But average Americans will depend on SS to retire.

[an]

[quote=Eugene][quote]I’m in my mid-30s now and I think I have about 600k (including everything cash or asset). Am I on track? Am I behind? I don’t really get a chance to talk about this with friends because we usually don’t get too involved in this subject.[/quote]

You’re doing a lot better than most Americans. Fewer than 10% (possibly as few as 2-3%) of people your age have 600k in assets. In 2004, median net worth of a 40-year-old was around $60,000, and that’s including home equity.[/quote]
I’ve heard similar stats too. But average Americans will depend on SS to retire.

[scaredyclassic]

there is never enough. save what you can, and enjoy the moment.

[scaredyclassic]

there is never enough. save what you can, and enjoy the moment.

[scaredyclassic]

there is never enough. save what you can, and enjoy the moment.

[scaredyclassic]

there is never enough. save what you can, and enjoy the moment.

[scaredyclassic]

there is never enough. save what you can, and enjoy the moment.

[flyer]

You are certainly doing very well, but, at your age, many variables, as have been previously mentioned, must be considered.

In my age group (50’s), generally speaking, I agree with $2MM–excluding real estate–especially if you plan to retire in CA. For those in their 30’s, I would think $3MM+ might be more realistic, especially since I’ve heard from younger friends, that many financial planners today are telling their clients in their 30’s and 40’s to plan on $0 Social Security and Medicare.

The trick to all of this, is, of course, to actually get to retirement–the next phase of life, or whatever each of us might choose to call it with these reserves still intact, and the health to enjoy life at that particular point it time.

I wish you the best on your journey!

[flyer]

You are certainly doing very well, but, at your age, many variables, as have been previously mentioned, must be considered.

In my age group (50’s), generally speaking, I agree with $2MM–excluding real estate–especially if you plan to retire in CA. For those in their 30’s, I would think $3MM+ might be more realistic, especially since I’ve heard from younger friends, that many financial planners today are telling their clients in their 30’s and 40’s to plan on $0 Social Security and Medicare.

The trick to all of this, is, of course, to actually get to retirement–the next phase of life, or whatever each of us might choose to call it with these reserves still intact, and the health to enjoy life at that particular point it time.

I wish you the best on your journey!

[flyer]

You are certainly doing very well, but, at your age, many variables, as have been previously mentioned, must be considered.

In my age group (50’s), generally speaking, I agree with $2MM–excluding real estate–especially if you plan to retire in CA. For those in their 30’s, I would think $3MM+ might be more realistic, especially since I’ve heard from younger friends, that many financial planners today are telling their clients in their 30’s and 40’s to plan on $0 Social Security and Medicare.

The trick to all of this, is, of course, to actually get to retirement–the next phase of life, or whatever each of us might choose to call it with these reserves still intact, and the health to enjoy life at that particular point it time.

I wish you the best on your journey!

[flyer]

You are certainly doing very well, but, at your age, many variables, as have been previously mentioned, must be considered.

In my age group (50’s), generally speaking, I agree with $2MM–excluding real estate–especially if you plan to retire in CA. For those in their 30’s, I would think $3MM+ might be more realistic, especially since I’ve heard from younger friends, that many financial planners today are telling their clients in their 30’s and 40’s to plan on $0 Social Security and Medicare.

The trick to all of this, is, of course, to actually get to retirement–the next phase of life, or whatever each of us might choose to call it with these reserves still intact, and the health to enjoy life at that particular point it time.

I wish you the best on your journey!

[Author]

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