The Cosmic Avenger
Thinks s/he gets paid by the post
I've seen this mentioned a few times recently, so I'm curious; do you think NW should be calculated per household, or per individual?
Personally, I always look at our household NW, because we have one checking account, and although we have separate 401(k)s and Roth IRAs, I count my inherited IRAs as "ours". More importantly, we pay bills as a household, so expenses aren't easily separated.
I would think it depends on your intended objective/use in calculating the net worth.
Are you preparing for divorce?I've seen this mentioned a few times recently, so I'm curious; do you think NW should be calculated per household, or per individual?
That's interesting; if you don't mind being specific, what assets do you have that you don't know the value of? I get emails from Zillow telling me the market price on our house has gone up or down, but it hasn't changed significantly at all for a while now. I don't include the value of our vehicles or household goods because the amount they're worth compared to the amount of effort to liquidate them means they probably won't ever be sold, or if they are, it'll be for very little.Net worth is the sum of all assets minus liabilities. I don't know the value of my non-portfolio assets, so I don't calculate it. I calculate value of my portfolio only. I can guess DW's portfolio value or ask her if need be. But she handles her $ and I handle mine.