TheWizard
Thinks s/he gets paid by the post
Actually, I'm pretty sure that Net Worth DOES include lfe insurance in force on the date of your demise.I don't believe that Net Worth is equivalent to "your estate after you pass away" as it doesn't include life insurance.
Net Wealth may be ok for young people, but it is not a useful measure of wealth for older retirees who often have pensions and SS.
And I'm an older retiree with significant pension/annuity + SS income to the extent that I'm investing excess income most months rather than drawing down my nest egg by some SWR.
So yes, whatever my current Net Worth is has little bearing on my monthly finances.
Having said that, we need to be aware that there are low-income retirees who pay rent rather than own their home, so I'm sure it matters to them what their Investible Assets are in addition to their modest SS payment...
Last edited: