Quote:
Originally Posted by WVOtoGO
“Millionaire Status” is to be based on income producing assets ?
That’s news to me.
I think $1M is still $1M, because someone with $250K can’t buy what someone with $1M can.  |
Technically you are correct. It should include real estate. However, if you rely solely on your assets in retirement, the conservative view should be to exclude it since it is not income producing. One could argue that upon retirement, the real estate could be sold or rented out to produce income. Still, you have to live somewhere (and pay rent).
It all depends on what angle you look at it.
03-30-2010, 12:47 PM
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