Retirement Planning: How does your 'net worth' compare with the average Americans?

GySgt Wayne A. Ekblad — Thu, 21 May 2015 12:07:51 -0400

It may not be the best way to evaluate your accomplishments, but knowing how your financial situation stacks up against your peers can offer up valuable insight that allows you to make changes to shore up your financial security.

http://www.msn.com/en-us/money/personalfinance/how-does-your-net-worth-compare-with-the-average-americans/ar-BBjSB9Y?srcref=rss

How does your net worth compare with the average American's?

Response by SPC Charles Brown made May 21 at 2015 12:08 PM

SPC Charles Brown — Thu, 21 May 2015 12:08:34 -0400

I live below the poverty level, I will never be able to retire.

The sad thing about this is I am over 50 and the region I live in is less than prolific in job openings. I don't care what the job is, if I can learn it I can do it. I just want the chance to show what I can do somewhere, anywhere!

Response by MAJ Robert (Bob) Petrarca made May 21 at 2015 12:09 PM

MAJ Robert (Bob) Petrarca — Thu, 21 May 2015 12:09:06 -0400

What net worth?

Response by SPC Chad Kolod made May 21 at 2015 12:11 PM

SPC Chad Kolod — Thu, 21 May 2015 12:11:43 -0400

My net worth is pretty low, but I'm working on improving that. It's the whole reason I've gone back to college

Response by Capt Private RallyPoint Member made May 21 at 2015 12:14 PM

Capt Private RallyPoint Member — Thu, 21 May 2015 12:14:26 -0400

I visited a financial advisor who shuddered at my lack of net worth. Then he looked at our retirement income and said you did well.

Response by SrA Edward Vong made May 21 at 2015 12:22 PM

SrA Edward Vong — Thu, 21 May 2015 12:22:12 -0400

My net worth is pretty high, but that's assuming I sell all my property, which I do not want to do.

Response by Cpl Jeff N. made May 21 at 2015 12:44 PM

Cpl Jeff N. — Thu, 21 May 2015 12:44:47 -0400

I am in good shape from a net worth perspective but I have had 28 years of employment with a single company (no interruption), many promotions and salary increases which allowed me to save a lot. I am no smarter than anyone else just long term investing, not touching it, being aggressive with investments and not trying to change course every other month.

Hopefully I can make it to 60-62 and eject safely.

Response by SSG Donald Mceuen made May 21 at 2015 2:03 PM

SSG Donald Mceuen — Thu, 21 May 2015 14:03:26 -0400

Well its all good at this point the va and ss is helping fill the gap.
I just hope it stays like this. I do not need any problems.
I already have enough.

Response by PO1 John Miller made May 22 at 2015 12:07 AM

PO1 John Miller — Fri, 22 May 2015 00:07:48 -0400

I don't know if I'll ever be able to fully retire either. Luckily I have my Navy pension and VA disability to ease the pain.

Granted I'm working (and getting paid rather well too) but still. It's so expensive to save for retirement, especially when you have a special needs daughter and Tricare only covers so much of her needed care.