https://www.marketwatch.com/story/t...is-based-on-the-value-of-your-home-2019-03-20
"Here’s the idea
1. Take the market value of your house, and multiply by 0.3. That is the income you need in retirement.
2. Take that number, and divide by 0.04. That is the value of the assets you need to retire with."
Does anyone think this makes any sense at all?
Does anyone manage their spending based on the current market value of their house? I don't think I know anyone like that.
Did anyone else laugh wen they read that this "elegant" solution came from someone at Wells Fargo Advisors?
Does repeating "The house drives everything." three times make it true?
"Here’s the idea
1. Take the market value of your house, and multiply by 0.3. That is the income you need in retirement.
2. Take that number, and divide by 0.04. That is the value of the assets you need to retire with."
Does anyone think this makes any sense at all?
Does anyone manage their spending based on the current market value of their house? I don't think I know anyone like that.
Did anyone else laugh wen they read that this "elegant" solution came from someone at Wells Fargo Advisors?
Does repeating "The house drives everything." three times make it true?