What is your net worth? I illustrated my net worth below

[UnknownXV]

I know it's not terrible for my age, it's just daunting to see how far I have to go, but I'm sure you've been there before...

[shaggy]

I feel so far behind on this forum, although it's good to know so many are well off too.

I'm 22 with $11,500 in savings, no debt.

At least I'm not in the negative.

Take heart. Time is on your side, and the savings habits you develop now will make it much easier for you to save later on when your income skyrockets.

[JuniorTT]

DW and I are both 33.

Cash: $40k
Retirement: $424k
Home equity: $284k
HSA: $21k
Cars: $7k
Student loan: -$7k

Total: $768k

I'd give us an A-. We paid off our house at the age of 31 which not many people can say. One knock I'd give us is that we didn't get serious about retirement saving until we were ~27. The other is that we each bought brand new cars when we were 23 and 24.

[bennkar]

I'm a little late to the party, but oh well... I'll throw my info in as well. 50 y.o., divorced, live by myself, but dating same woman for 2 years.

Assets:
457 & Roth IRA: $340,000
DRIPs: $30,000
Brokerage: $6,400
Savings & CDs: $22,000
Pension: $75,000 (Actually its worth much more than that, but if I left this job and asked for a lump sum, this is what I would get. I figure it could get me double if I were to try to sell it.)
House: $400,000
Savings Bonds: $2,500
Misc. (car, collectables, etc...): $10,000

Debts: $0

Net Worth: $885,900 (I was surprised when I added that all up)

I'll give myself an A as 15 years ago my worth was maybe $5,000. If I told myself then that in 15 years I would have all of this, I wouldn't believe it.

Now if I add my girl friend's worth, and make it "our net worth", and while she doesn't have any house, her other assets are worth more than mine.... yeah, we're doing ok.

[sandrark]

Assets:

House: $550K
Retirement Accounts: $350K
Cash: $100K
Stuff and vehicles: $150K (DH bought a plane years ago for cash. It's worth more than he paid for it).
Lump sum value of DB Pension Account: $1.4M
DH's Business: $400K
Total: $2.95M


Liabilities:
Mortgage: $400K
Other low-interest debt: $50K
Total: $450K

Net worth: $2.5M

Doesn't include any expected inheritance or family money, even though it's likely there will be some. We prefer to float on our own boat.

[97guns]

income property $375K
precious metal $250K

[Snave]

Doing pretty well so far.

Assets:
Retirement, Taxable Accounts and Cash: $660,000
Home: Approximately $500,000 (have lost $100,000 since original $600K purchase in 2007)

Liabilities:
Home: $350,000
No other debts; cars and credit cards are all paid off, but not counting those in assets

Net Worth:
$810,000 at age 39

[Petunia 100]

How do you calculate retirement account net worth when you'll owe taxes on some of them (those with deferred taxes) at withdrawal time?

This is a bigger deal for some than for others.

For myself, I don't worry about it much. I do not expect to have a huge nest egg and I do not expect to have a huge income. So if I am living on my SS benefits and 24k per year of withdrawals from my trad IRA (this is what I am shooting for), I'm not paying much income tax. At that income level, the SS benefits are not taxable. Using 2012 tax rates and brackets, The first 11.25k of income falls into the 0% bracket (for a single person over age 65), the next 8.7k of income falls into the 10% bracket, the final 4.05k falls into the 15% bracket. The total tax bill is $1,478.00.

In short, I do not discount my nest egg for taxes in my net worth calculation.

[tripods68]

I'm late to the party but I'll join in anyway:

The taxable includes kids college education, checking, savings, TDameritrade & Vanguards investments.

ASSET (Homes, Cars, Taxable Investments + Retirement accts)
$496,854

DB Defined Pension (Lump-sum Annuity value 05/28/2013)
$789,711

LIABILITIES
Cars $12,814
CC $1620
Mortgage + 2nd $251,248

$252,880

Net Worth $1,033.684

Ages 44/37 working FT

Note: DB pension will grow at $1.35 million Lump Sum at age 55 years old.
Note: Wife's DB pension annunity value not included.

[Gina23]

Age 33

Net Worth: 366,347 (as of today)

Not including: 6+ years of retirement pension, it's hard to estimate that and pop it into your net worth

[sandrark]

Age 33

Net Worth: 366,347 (as of today)

Not including: 6+ years of retirement pension, it's hard to estimate that and pop it into your net worth

My retirement plan gives you an actual lump sum cash value in the calculation estimator. So it's not hard! See if yours does.

[Bob B.]

Ages - Me 40, DW 38

Assets -

House - $77K
Retirement Fund - $122,900
Other Assets - $21K

Liabilities -

Mortgage - $60,083
Other Debts - $15,896

Net Worth = $144.9K

How do I grade myself? Compared to most who replied to this thread, probably a D+. Compared to the average American in my age range, probably a B+. Heck, anyone should get a C just for knowing the values of their debts and assets.

[Redraidernurse]

Ages 27/28 - single income family

Assets

Retirement: $94,000
College Savings for kids, ages 1 & 4, and one still cookin' : $11,000
Other investments: $64,000
Cash/emergency savings: $31,000
Primary Residence: $114,000



Total: $314,000


2) Debts
Mortgage: $60,000


Net worth: $254,000

[coffee]

401k/403b/rothIRA/IRA 105k
house 80k
savings acct / checking acct 30k
equities(not retirement)/ saving bonds 80k
Income funds 50k

365k age 52 (I know: bad, but zero debts and a paid for car)

[zzcop]

Age :55 Male, Working, Divorced

Stocks- 80159
401K #1- 408772
401K #2- 405061
Checking, Savings- 44832
Roth- 39342
Traditional- 8906




Debts- 0

Total - 987072