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this breakout is something the insurer will never let you see . this is the prudential bond linked index . it promises you a guaranteed 5.50% at a time rates were zero . it’s linked to a bond index and you get the higher of the guaranteed amount or the index of course the index amount has...

only assets we are interested in is our liquid assets we use to set our spending goal posts each year that gets added to our income streams like ss and pension

taxes not taken out because it’s a traditional have a future tax liability. taxes are an expense no different then any other expense . if you have a roth you paid those taxes up front and that money is gone . it no longer plays a roll in net worth . on the other hand the traditional will...

throw in a decade or two of social security and or pension too . these are all the reasons i never take part in threads about net worth comparisons….its really useless comparing when everyone adds in different things . my feeling is unless everyone is comparing apples to apples ,i dont...

thanks , i will try it

i did it from my desk top and am not sure how to screen shot it

the less the number of years you are in the smaller the balance. those years are starting years . so 2024 means year to date , 2023 means starting in 2023 to 2024 , 2022 means starting in 2022 to 2024 ,etc

i use the chase sapphire reserve

i actually called them yesterday

called state farm yesterday to get a price on all my insurance needs . been with geico 50 years and wanted to check rates . i pay 2300 a year for our 2023 lexus rx500h , an 80k car in queens in nyc no tickets no accidents two drivers . they quoted me 6k ….we didn’t go any further

the thinking that spending drops. is not exactly correct . the studies showed that those who had discretionary spending tended to spend in a smile shape . so a lot of what wasn’t done or bought tended to pay for a lot of other stuff they did do and use however those who didn’t have much...

new york is the same as the federal…we have a tax cliff though . go over the limit by just 5% and you loose the entire exemption and the estate is taxed from dollar one . many years ago new york was lower and we needed a pair of disclaimer trusts to pass 2x the limit

so after seeing what we are paying in nyc for a 1 million dollar umbrella from geico i shopped for insurance yesterday . we pay 700 for 1 million in liability few insurance companies will insure my car a 2023 lexus rx500h , paid 80k. i pay about 2300 a year for it in insurance with two...

i am on trulicity for my diabetes. that had me lose about 30 lbs the last six months , which i didn’t need to loose so it hurt my weight lifting a lot . i was talking to a fellow at the gym a few weeks ago who also is diabetic. he asked if i use sugar free coffee creamer , and i said yes ...

i bought a 2023 lexus rx500h which takes premium so i pay a dollar a gallon more . but because it’s a hybrid it gets 22-25 mpg . so i put in about 8-10 gallons a week . not to bad .

my drumming coach was a fill in many times for jamo in the allman brothers . in fact up until his death butch trucks and my drum coach had a band together called GREAT CAESARS GHOST. the band was together right up until butch died

net worth is a snap shot of value in the moment , not the future ,not tomorrow

we have banks that do asset based lending . we originally looked in to it . they have formulas for how much they will allow in loans to asset values . that is because the liquid assets that are counted can pay the loans. the terms though are higher than income based loans because most...

we had to look at estate size before new york went to the federal level . but it never included phantom lump sums throwing in future money not received yet which are actually future income streams

meh ,i wouldn’t waste my time playing the phantom lump sum game. it isn’t my money anymore if it buys an annuity . it bought an income stream and the lump sum is no longer mine. if at some point it has a cash value , when the day comes i exercise taking it then it counts as mine

but the asset doesn’t belong to you anymore . the insurance company owns the asset . all you get is the income stream , so why should that be counted in advance and not any pay checks one gets when working or why don’t i count 10 years of ss payments i dont have yet ? this whole counting...

if you are counting 15 years of income shouldn’t the fair thing be to count 15 years of estimated known expenses ? why bother counting money you don’t have in the first place other then mental masturbation?

same . i have no interest in padding a net worth figure with things i have no intent selling or trying to pad it with money that isn’t mine yet like social security and pension. that money belongs to someone else until they send me my small piece out of their holdings as an income stream my...

portfolio visualizer gives you an option to include reinvesting them back in or just taking them as a withdrawal

portfolio growth only comes from interest or share price appreciation… dividends are a withdrawal from the already existing account balance . if you put it back in as a reinvestment it’s a wash