Deleted
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Post by Deleted on Feb 20, 2011 17:18:23 GMT -5
Just curious how everyone's net worth breaks out by the following categories as a percent of total net worth:
-Retirement (401K, Roth & Trad IRAs, 403(b), 457s, etc) -Home equity (primary home) -Taxable savings (brokerage accounts, EF, cash savings) -Other Property (cars, rental property, jewelry, etc)
Also, include include your age(s) as I'm curious to see if any trends develop by age group. IMHO, I don't think there is an ideal mix, but just interested how everyone's net worth breaks out.
Mine:
Retirement: 32% Home Equity: 0% Taxable Savings: 63% Other Property: 5%
Age: 25
Heavy on the taxable savings as I'll likely be buying a house in the next couple of years.
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SVT
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Post by SVT on Feb 20, 2011 18:05:14 GMT -5
Hey! What do you think about joining networthiq.com? Set your profile to public and tag it as "YM" and "your money".
My net worth is negative.
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blackcard
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As of April 2013 Mortgage is paid in full :) NO debt of any kind.
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Post by blackcard on Feb 20, 2011 20:50:41 GMT -5
DH and I just had our annual financial meeting on 1 Feb. I wrote it down figures are approximate 401K/403B/pension 15% Stock and Bonds 15% primary home 40% Cash on hand 2% DH likes to have this. I placate him. Checking 5% Savings 10% precious metals 10% Emergency fund 5%
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schildi
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3718 and no text
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Post by schildi on Feb 20, 2011 21:14:22 GMT -5
Mine:
Retirement: 53% Home Equity: 34% Taxable Savings: 8% Other Property: 5%
The home equity percentage will most likely go down over time, and the taxable savings percentage will go up as the house is almost paid off, and the entire mortgage payment (incl. pre-payment) will go into taxable savings because retirement accounts are maxed already. My prediction / forecast / target for age 50 will be:
Retirement: 55% Home Equity: 15% Taxable Savings: 27% Other Property: 3% (unless we buy a rental, which could happen. In that case, other would be higher and taxable savings lower at age 50)
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Deleted
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Post by Deleted on Feb 21, 2011 8:50:28 GMT -5
I am 33.
7% Cash 9% Taxable Stocks/Bond Mutual Funds 50% Retirement accounts (401k/IRAs) 15% ESOP Retirement account 19% Primary Home Equity
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kansasflower
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Post by kansasflower on Feb 21, 2011 9:31:19 GMT -5
Retirement Accounts ~ 69% Taxable Accounts + Vehicles ~ 13% Primary Home Equity ~ 5% Investment Property Equity ~ 12%
Age: 30
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Gardening Grandma
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Post by Gardening Grandma on Feb 21, 2011 9:37:46 GMT -5
Retirement accounts 45% Home equity 25% Taxable investment account 7% Rental real estate 23% Ages 62 and 66
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formerexpat
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Post by formerexpat on Feb 21, 2011 9:53:50 GMT -5
Still trying to figure out how cash on hand is any different than checking, savings and EF? You mean like cash in safe in your home? What's the advantage of that? Most people I know who have the safe in home, operate businesses that have cash transactions and this is the cash that avoids taxation.
22% in cash seems high for your age, in my opinion. [/size]
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jkapp
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Post by jkapp on Feb 21, 2011 12:13:47 GMT -5
Hey you must have been reading my mind - I was just working on this over the weekend.
If I remember right it breaks down to:
NOT including home equity: Cash assets - 29% Personal Investments - 42% Retirement - 29%
Including home equity: Cash assets - 18% Personal investments - 27% Retirement - 18% Equity - 37%
I am almost 33 years old...
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schildi
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Post by schildi on Feb 21, 2011 12:25:50 GMT -5
I agree, I was wondering the same. For the purpose of this thread, I can't see a difference either. It's cash.
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thyme4change
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Post by thyme4change on Feb 21, 2011 12:29:45 GMT -5
Very rough numbers - especially home value, because really, who the hell knows?
Retirement: 50% Home Equity: 30% Taxable Investing: 10% Savings: 6% Other Property: 4% (Cars)
Age: 42
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schildi
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Post by schildi on Feb 21, 2011 12:57:14 GMT -5
Very rough numbers - especially home value, because really, who the hell knows? Retirement: 50% Home Equity: 30% Taxable Investing: 10% Savings: 6% Other Property: 4% (Cars) Age: 42 Wow, we are very, very similar (see above). We are 40 & 38 years old.
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Deleted
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Post by Deleted on Feb 21, 2011 13:09:44 GMT -5
Retirement: 63% Home Equity: 17% Taxable Savings: 17% Other Property: 3%
Age: 34
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thyme4change
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Post by thyme4change on Feb 21, 2011 13:20:13 GMT -5
The crappy part about that is that we are either worth lots and lots of money, or drive crappy cars.
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backontrack
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Post by backontrack on Feb 21, 2011 13:34:43 GMT -5
Retirement: 64% Home Equity: 31% Taxable Savings: 3% Other Property: 2 %
Age: 34
And interestingly similar to the 34yo above, except for the equity/taxable savings.
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schildi
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Post by schildi on Feb 21, 2011 13:39:40 GMT -5
The crappy part about that is that we are either worth lots and lots of money, or drive crappy cars. LOL, yeah. We buy cars new, but our current ones are 8 & 5 years old now. I included "everything else" in that vehicle percentage as well, like we got a small RV trailer, etc ....
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thyme4change
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Post by thyme4change on Feb 21, 2011 13:49:38 GMT -5
I'm thinking about buying a new car. Our newest car is 7 years old, but still runs like a champ. Our oldest vehicle is a Wrangler, and the kids hate it. Plus my husband doesn't drive to work - so it never goes anywhere unless we have to be at two places at once - and then the kids whine because they are driving around in the Jeep. If we buy a new car now, when my daughter starts driving, she can have our old one and my husband can buy another jeep. That will be in 7 years. That doesn't seem like too much to ask, does it?
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runewell
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Post by runewell on Feb 21, 2011 14:31:26 GMT -5
I'm age 39.
61.6% Retirement (38.7% tax-deferred, 22.9% Roth) 18.3% Home equity 17.3% Taxable savings (4.6% College savings tax-free 529 plan, all of it invested in stocks except checking account balance) 2.8% Other Property (1 car + small amount of gold/silver)
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Max
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Post by Max on Feb 21, 2011 18:49:21 GMT -5
Retirement: 18% Home Equity: 13% Taxable Savings: 67% Other: 1%
Age 39
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sapphire12
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Post by sapphire12 on Feb 21, 2011 18:49:40 GMT -5
Retirement - 69% Home Equity - 23% Liquid Savings - 8% I didn't include the car; though I buy new and keep until the wheels fall off. The last one was 12.5 yrs old w/ 243,800 miles. 41
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blackcard
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As of April 2013 Mortgage is paid in full :) NO debt of any kind.
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Post by blackcard on Feb 21, 2011 19:14:44 GMT -5
formerexpat, you sure seem fixated on our cash. Need a loan?
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blackcard
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As of April 2013 Mortgage is paid in full :) NO debt of any kind.
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Post by blackcard on Feb 21, 2011 19:22:42 GMT -5
Checking or cash on hand? Cash on hand is cash you have access to anytime. Checking requires a trip to the bank, or the willingness of someone to accept the check.
We live in a hurricane zone. Cash only for the first 3 or 4 days after our area was devistated. There were no ATM's working. No electricity, except those who had generators. No banks were open. Gas stations could not pump fuel. They sold gas out of tanker trucks for, You guessed it, CASH ONLY.
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mesquite77
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Post by mesquite77 on Feb 21, 2011 21:47:02 GMT -5
Retirement 65% home equity 8% taxable acct/cash 6% other 20%
34 yrs old
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Deleted
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Post by Deleted on Feb 22, 2011 2:18:11 GMT -5
Real estate 50% Stocks/Stock Mutual funds 25% Cash 20% Bond Mutual funds 5%
Ages 49 & 52 Since DH is planning on retiring in 18 months it's all "Retirement", LOL!
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Deleted
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Post by Deleted on Feb 22, 2011 8:09:17 GMT -5
Real estate 50% Stocks/Stock Mutual funds 25% Cash 20% Bond Mutual funds 5% Ages 49 & 52 Since DH is planning on retiring in 18 months it's all "Retirement", LOL! Dang! That is early. Does he have retirement plans.
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Deleted
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Post by Deleted on Feb 22, 2011 8:46:55 GMT -5
"Dang! That is early. Does he have retirement plans"
I think he thinks he's going to boss me around...Not! LOL!
On a more serious note, we'll be busy fixing up the house in the SF Bay area for the 1st 6 months to a year; and then we'll do a remodel of the vacation cabin. If that doesn't send one of us back to work I don't know what will...!
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Post by ca on Feb 23, 2011 9:44:34 GMT -5
I feel guilty answering this because I don't own yet!
I have a lot of cash savings for the downpayment, if I ever find a place I love and a partner to buy with. For now, I'm loving the renters life in a condo with a 3 minute walk to work within walking distance of my gym, grocery stores, the clubs, and all my friends houses. I figure what I save on transit and gas and cabs and stress from no commute is worth the lack of equity I'm building (for now!)
Cash Savings 20% Retirement 59% Taxable investments 19% Cars 2%
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souldoubt
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Post by souldoubt on Feb 23, 2011 11:15:23 GMT -5
Age - 28 Retirement accounts (401K, Roth IRA) - 68% Cash (Checking, Savings account which includes EF/DP fund) - 27% Car - 5%
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Post by illinicheme on Feb 23, 2011 11:16:03 GMT -5
House ~6% Cars ~4% Retirement ~76% Cash ~14% (looking to move some of this into taxable investments soon)
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dancinmama
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LIVIN' THE DREAM!!
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Post by dancinmama on Feb 23, 2011 11:26:32 GMT -5
Okay, I'll play. We are 54 and 53. DH plans to retire in 2012.
For those that included their pensions in retirement savings, how did you calculate its value? DH will receive a pension based on 31 years of service with his company, but I have never included it when calculating net worth.
I never include cars or other personal property in our net worth calculations either. Even if I did, it wouldn't amount to much because we buy our cars used and drive them until they die. My car is 11 years old and DH's is 7 years old.
Retirement Savings (401K, IRA): 64% Taxable Savings: 11% Investment Property: 7% Home Equity: 18% (a drastic reduction over the last few years) Other Property: 0%
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