Comments on: The Average Net Worth For The Above Average Married Couple

By: P

Sun, 29 Sep 2024 12:20:42 +0000

In reply to ecoaster. Hard to tell. In principle it seems a good amount at your age but it all depends on your savings rate and objectives. I.e. if you max out your 401k, invest in 529, fund IRAs or Roth and save say 20% after tax you are in the right direction.

By: ecoaster

ecoaster — Mon, 22 Apr 2024 05:04:18 +0000

I’m 33 and my wife is 32. We have a net worth of 1.7M, with 1.5M of that being investments, both qualified and non-qualified. How are we doing? HCOL area.

By: Mike

Mike — Thu, 17 Aug 2023 19:12:05 +0000

In reply to Ryan. How old are you?

By: DCoaster

DCoaster — Tue, 11 Jul 2023 21:49:12 +0000

I’m afraid you are mistaken about the non-existence of the marriage penalty for those under $500k income. By getting married, my partner and I would give up three tax benefits: (1) I would give up head of household filing status, (2) we would be jointly (instead of individually) limited by the $10,000 cap on deductions for state & local taxes, and (3) we would be jointly (instead of individually) limited by the cap on mortgage tax deductions. Our MFJ federal tax bill would be almost $6,000 more than the combined total of our tax bills as HoH and Single filers. Our MFJ state tax bill would also be higher, but we haven’t quantified the difference–because $6000 per year was quite enough to put us off of the idea of marriage for now. Our combined gross income is about $340k–well below the $500k limit you suggested.

By: Whirlyball23

Whirlyball23 — Tue, 27 Jun 2023 15:29:31 +0000

Hey Sam,

Love your content and podcasts. Are my wife and I killing it with a $690,000 net worth at age 31.5 in a LCOL area? I don’t really see you factor the living area in these numbers unless I missed it! Id say that’s at least a 1.2 million networth in California!

By: Steve (NWOutlier)

Steve (NWOutlier) — Sat, 07 May 2022 19:17:49 +0000

A students work for C students or drop outs.. your opening comment should be reviewed

By: hmm

hmm — Sat, 23 Oct 2021 21:20:24 +0000

In reply to LQ. Working for 23 years as a full professor at an r1, full professor in 1995. Starting salaries go up. So, the male colleagues likely started at a higher salary. Also, all full professors are not equal. Grant funding plays a role. Demand for the professor's work plays a role. There's not enough info here to judge gender disparity. A white male world, indeed. Very sexist and racist of you. More women graduate from college today than men. Relative to board/c-suite situations, that's rarefied air that is functionally irrelevant for all but the most upper crust of society.