FIND OUT What Your Net Worth Says About Your Retirement Life
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Retirement will look very different for all of us. And one of the most significant factors in how we will retire is our net worth.
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Black Star
Your net worth has a significant impact on your life and retirement.
BUT FIRST...
How Net Worth is Calculated
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WHAT IS NET WORTH?
Net worth is calculated by subtracting one’s total liabilities from total assets. The resulting number is our net worth.
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AND NOW
Why is Net Worth Important?
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Black Star
Most of us can spend about 4% of our net worth with a reasonably good chance of never running out of money.
Let's Assume
Let’s assume you have a net worth of $1,000,000. Using the guideline from the Trinity Study, 4% of a million is $40,000.
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Your Retirement Number
Multiply your current yearly spending rate by 25. The resulting number will be the net worth that you should have before calling it quits.
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SWIPE UP To read the full article and how to increase your net worth!
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