I understand that primary residence is normally not counted in your asset when calculating WR, until it is liquidated.
How about if you have a secondary residence? Do you not count that as well?
In my case:
Our primary is paid off --- valued $450,000
Secondary with mortgage $120,000. ---- equity valued $180,000.
Do I ignore these until I liquidate either?
How about if you have a secondary residence? Do you not count that as well?
In my case:
Our primary is paid off --- valued $450,000
Secondary with mortgage $120,000. ---- equity valued $180,000.
Do I ignore these until I liquidate either?