One of my best friends has practically no net worth, yet lives very comfortably thanks to two excellent pensions and Social Security. He also has a large life insurance policy simply because he wants to leave something to his kids.
Net worth? For him it's completely irrelevant.
+100
That's my sister. Her and her husband both retired NYC police officers, then he got a job as head of security at a major NYC hospital and making a comfortable salary.
Always wanted a Manhattan condo so at 50 brought their dream condo on upper west side. Net worth I would say is probably not much if not negative.
Two city pensions plus retiree health care and a second salary and they are living extremely well. No kids, travel a bunch. lol tease my two sons that since they are their nearest relatives they better be nice if they want the condo when they die
This is all before Social security.
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