ikubak
Recycles dryer sheets
- Joined
- Dec 2, 2007
- Messages
- 482
12% Paid cash for it about 14 years ago and then spent about 100K more to get it the way she likes it.
Curious about where the average person is in terms the value of your house relative to your net worth. Our house represents 21% of our net worth. As we prepare for retirement, I am calibrating financial assets needed to support retirement and am interested in the general house to net worth ratio. Thanks
We have two homes. In today's market, the equity in those homes comprises about 28% of our overall net worth....
For me, I exclude my homes from any retirement calculations, since they aren't relevant (any more than the net value of our cars).
I don't understand these 8 & 10% responses. If your house is worth $400k, then your non home assets are from 4.6 to 3.6M? (assume house fully paid) Really?
Also, what value do you use to add a pension to your assets? The equal of a 4% SWR? So is $60k in pension the same as $1.5M in assets?
I don't understand these 8 & 10% responses. If your house is worth $400k, then your non home assets are from 4.6 to 3.6M? (assume house fully paid) Really?
Also, what value do you use to add a pension to your assets? The equal of a 4% SWR? So is $60k in pension the same as $1.5M in assets?
I guess a lot would depend on your local housing prices, family size, personal preference, and obviously the size of your nest egg.Agree. I exclude my house from my evaluation of what I need to retire. I am just evaluating if I am an outlier in terms how much of a house we will have in retirement.