Episode Details

Some people place a lot of emphasis on their net worth. Other people never think about it at all. Today, Phil talks about how to calculate it, how you stack up by age, and how much you should actually pay attention to it. Net worth is a useful snapshot, but it's still just a snapshot. What matters more is whether the number you've built actually works the way you need it to when the time comes.

Here’s some of what we discuss in this episode:

💰 Net Worth: Understanding total wealth versus investable assets

📊 By Age: Looking at average and median net worth across different decades

📈 Growth Years: Why net worth often accelerates in your 40s, 50s, and 60s

💧 Liquid Assets: Focusing on money that can actually be spent in retirement

🧮 Retirement Planning: Building income around investable, spendable assets

For more, visit us online: http://philstaxhacks.com

Watch the video podcast on YouTube: https://bit.ly/3WdDG96

Get your copy of The Tax-Smart Retiree: https://www.thetaxsmartretireebook.com/welcome