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View Poll Results: How much $ do you have NOW: Holdings + Home Equity + (Annual Non-SS Pension*25)
0-250K 16 5.30%
250-500K 21 6.95%
500-750K 14 4.64%
750k - 1mm 33 10.93%
1mm - 1.25mm 29 9.60%
1.25mm - 1.5mm 34 11.26%
1.5mm - 1.75mm 20 6.62%
1.75mm - 2mm 28 9.27%
2mm - 2.5mm 36 11.92%
> 2.5mm 71 23.51%
Voters: 302. You may not vote on this poll

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Annual "Watcha Worth" Poll
Old 03-26-2007, 06:55 PM   #1
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Annual "Watcha Worth" Poll

It's been a year since we last did this. There was much heated discussion about whether to include home equity, and it's in there this year.

So, shout it out: whatcha worth?
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Re: Annual "Watcha Worth" Poll
Old 03-26-2007, 07:03 PM   #2
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Re: Annual "Watcha Worth" Poll

Hmm, first time I crunched the numbers with my pension included. Guess it is technically an asset now that you mention it. let's see what we get here...


OMFG...
*checks math*
OMFG...

three cheers for the civil service!
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Re: Annual "Watcha Worth" Poll
Old 03-26-2007, 07:11 PM   #3
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Re: Annual "Watcha Worth" Poll

just in case anyone was wondering (like I was), what if your pension will not be COLAed?

I seem to recall a past thread where it was suggested if you have a non-COLA pension, then use a lower 15X multiplier to figure present value. Does that sound familiar?
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Re: Annual "Watcha Worth" Poll
Old 03-26-2007, 07:16 PM   #4
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Re: Annual "Watcha Worth" Poll

Quote:
Originally Posted by igsoy
just in case anyone was wondering (like I was), what if your pension will not be COLAed?

I seem to recall a past thread where it was suggested if you have a non-COLA pension, then use a lower 15X multiplier to figure present value. Does that sound familiar?
I was going to ask the same question. Certainly a non-COLA pension should not be multiplied by 25.
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Re: Annual "Watcha Worth" Poll
Old 03-26-2007, 07:29 PM   #5
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Re: Annual "Watcha Worth" Poll

Quote:
Originally Posted by igsoy
just in case anyone was wondering (like I was), what if your pension will not be COLAed?
For simplicity, I'd just add up the payments you expect to receive over your estimated life expectancy. Yes, I know they could compound, etc. but let's not put too fine a point on it.
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Re: Annual "Watcha Worth" Poll
Old 03-26-2007, 07:29 PM   #6
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Re: Annual "Watcha Worth" Poll

Quote:
Originally Posted by Rich_in_Tampa
It's been a year since we last did this. There was much heated discussion about whether to include home equity, and it's in there this year.
Has it been a year already? It seems like just a few months...

last poll
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Re: Annual "Watcha Worth" Poll
Old 03-26-2007, 07:34 PM   #7
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Re: Annual "Watcha Worth" Poll

Quote:
Originally Posted by igsoy
just in case anyone was wondering (like I was), what if your pension will not be COLAed?

I seem to recall a past thread where it was suggested if you have a non-COLA pension, then use a lower 15X multiplier to figure present value. Does that sound familiar?
Let's be careful here. As I remember this task tends to stimulate the OCD which lurks just below the surface in many of us.

Ha
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Re: Annual "Watcha Worth" Poll
Old 03-26-2007, 07:38 PM   #8
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Re: Annual "Watcha Worth" Poll

Quote:
Originally Posted by Rich_in_Tampa
For simplicity, I'd just add up the payments you expect to receive over your estimated life expectancy. Yes, I know they could compound, etc. but let's not put too fine a point on it.
So, in effect, you are discounting the payments at 0%. That's 2% below TIPS. And these are guaranteed by actual companies.
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Re: Annual "Watcha Worth" Poll
Old 03-26-2007, 07:38 PM   #9
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Re: Annual "Watcha Worth" Poll

Quote:
Originally Posted by wab
Has it been a year already? It seems like just a few months...
That was a different series - this edition was last posted 3/17/06. A few differences, home equity included here and not there, different strata, etc.

Anything else is just an poor imitation .
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Re: Annual "Watcha Worth" Poll
Old 03-26-2007, 07:43 PM   #10
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Re: Annual "Watcha Worth" Poll

I found some lint in the folds of my wallet. Do I count that in my net worth?
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Re: Annual "Watcha Worth" Poll
Old 03-26-2007, 07:50 PM   #11
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Re: Annual "Watcha Worth" Poll

Well, that's mildly depressing. I'm the 26th respondent, and I'm the only one < 250k so far. Keep on keeping on
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Re: Annual "Watcha Worth" Poll
Old 03-26-2007, 07:51 PM   #12
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Re: Annual "Watcha Worth" Poll

Look again!
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Re: Annual "Watcha Worth" Poll
Old 03-26-2007, 08:13 PM   #13
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Re: Annual "Watcha Worth" Poll

Quote:
Originally Posted by mja
Well, that's mildly depressing. I'm the 26th respondent, and I'm the only one < 250k so far. Keep on keeping on
Don't feel bad. I'm under $100k But considering I was negative last year, I'm just happy to be in the black for this poll!
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Re: Annual "Watcha Worth" Poll
Old 03-26-2007, 08:23 PM   #14
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Re: Annual "Watcha Worth" Poll

What if your pension is capped at 2% per year - better than nothing.
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Re: Annual "Watcha Worth" Poll
Old 03-26-2007, 08:23 PM   #15
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Re: Annual "Watcha Worth" Poll

A nickel ninety-five...
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Re: Annual "Watcha Worth" Poll
Old 03-26-2007, 10:00 PM   #16
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Re: Annual "Watcha Worth" Poll

Funny thing is, including my home equity doesn't change my choice.... house is paid for, but Houston RE is cheap!!
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Re: Annual "Watcha Worth" Poll
Old 03-26-2007, 10:19 PM   #17
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Re: Annual "Watcha Worth" Poll

Pensions should only be valued at what they are worth today, right? The value if you quit and walked off the job right now. Not the hypothetical value if you continue on for another 10, 20 or 30 years........

Only bringing this up because my hunch is youngsters early in their careers with the government or Megacorp may find their plans to stay until retirement will likely not come true. Or the pensions offered may change. Times are changing.......
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Re: Annual "Watcha Worth" Poll
Old 03-26-2007, 10:24 PM   #18
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Re: Annual "Watcha Worth" Poll

What about the present value of a wife you plan on keeping shackled to the oar until she's 90? Just add up her atiicipated future paychecks?
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Re: Annual "Watcha Worth" Poll
Old 03-26-2007, 10:37 PM   #19
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Re: Annual "Watcha Worth" Poll

Quote:
Originally Posted by youbet
What about the present value of a wife you plan on keeping shackled to the oar until she's 90? Just add up her atiicipated future paychecks?
Careful youbet... she may decide to cut the anchor line!
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Re: Annual "Watcha Worth" Poll
Old 03-26-2007, 10:43 PM   #20
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Re: Annual "Watcha Worth" Poll

Quote:
Originally Posted by crazy connie
Careful youbet... she may decide to cut the anchor line!


Just hypothetical for me. Dw retired three years earlier than me. And didn't even consult with me first!

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