Poll: Net worth of people in their 40's

[audreyh1]

I could increase my net worthy by taking out an HELOC and buying stocks with the procedes.

Only if the stocks go up in value.

Audrey

 

[Gone4Good]

Only if the stocks go up in value.

Audrey

Heh, heh, heh. People always forget that leverage works the other way too.

 

[firewhen]

In all likelihood yes.
Here's hoping for average equity returns!

I have always said that the key for our generation is a reasonable stock market return. I would be happy with 8-10% on average over the next 10 years. While this has happened over the long run, there are rough patches, and hopefully this will not be the case.

 

[bbbamI]

When I voted, I did not include the pension that DH will receive.

My question is, if you will be receiving a pension of $1k a month for life, would you consider $300k in your net worth? I'm assuming the $300k because if you had a SWR of 4% in this amount, it would equal $12k a year.

 

[wabmester]

My question is, if you will be receiving a pension of $1k a month for life, would you consider $300k in your net worth? I'm assuming the $300k because if you had a SWR of 4% in this amount, it would equal $12k a year.

Yes, if it's COLA'd. If not, then use a multiple of 15X instead.

 

[bssc]

Only if the stocks go up in value.

Audrey

I would have to lose everything. I didn't count my primary residence in the poll. If I mortgaged it to the hilt, took out 400,000, then lost 100,000, my net worth would be up $300,000 for the purposes of this poll.