If you’re now making $75,000, you should have a net worth of $150,000 when you’re a 40-year-old. Consider the following: Consider Your Circumstances: This goal might not be achievable for everyone, especially for married couples with children. Here’s why: Increased Expenses: ...
For example, when I startedcontributing to my 401k in 1999, the maximum contribution limit was only $10,000. If you are a 40 year old, it's best to focus on the Mid End column. This chart does not take into consideration any after-tax savings post 401K contributions. However, the hig...
An accredited investor is someone who has a net worth greater than $1,000,000 or has income greater than $200,000 a year for each of the last two years ($300,000 of combined income for those who are married) and expects to make that much this year. The SEC released areportin which...