Quote:
Originally Posted by jIM_Ohio
A person's net worth does not determine if they can retire.
|
And the percentage of net worth represented by the home doesn't matter either. If my home was 50% of my net worth, but that net worth was $5 million, I could retire just fine. If the home was 20% of net worth and the net worth was $3.125 million, I could also retire just fine. In both examples, the investment portfolio is $2.5 million.
__________________
Steve
Join the 2009 Ebay Challenge!
* Despite the high cost of living, it remains very popular.
* Why should I pay for my daughter's education when she already knows everything?
* There are no shortcuts to anywhere worth going.