Quote:
Originally Posted by collie1228
I'd like to see their definition of net worth. If you go to most net worth calculators on line, they ignore both pensions and social security. If you have a $1,000.00 per month pension, its net present value in today's dollars is a relatively big number, depending on your age. Same for social security. These should both be considered assets and included in any reasonable net worth calculation, which will drive the number pretty high. IMHO.
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A $1,000/mth pension at age 70 is worth less than $150,000 NPV. Not a big number.