3 ms·
1% of wealth is USD770k in net assets. However, don't forget to include any defined benefit pension (state provided or otherwise) to the list of assets. A p
by jpollock 9y ago
1% of wealth is USD770k in net assets.
However, don't forget to include any defined benefit pension
(state provided or otherwise) to the list of assets.
A pension paying USD$30k/yr (20yr length, 4% growth) costs USD$425k[1]. Add on an employer provided defined benefit pension (e.g.police, fire, military, federal employee), that can be worth a lot of money.
[1] https://www.bankrate.com/calculators/investing/annuity-calculator.aspx https://www.bankrate.com/calculators/investing/annuity-calcu...
- austenallred 9y agoNet assets is greatly skewed toward later ages, for obvious reasons. What percentage of HN will be in the international 1% in assets by the time they die? I’d still guess more than half.