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"It bites at too low a level of net worth".
There's no way to answer these questions without seeing a breakdown of net worth.
Giving a percentage of net worth might be a better model, he said.
But for most people, the prime repository of net worth is their home.
It's a point of pride, if not a declaration of net worth.
Mr. Kessel suggests a baseline standard of 10 percent of income or 1 percent of net worth, whatever is greater.
He advises clients to limit company stock to 20percentt of net worth, and he said that the value of options that are "in the money," or trading above their strike price, shouldn't be more than half of net worth.
Losers can become winners, not only of net worth but of self-worth: by all accounts, a happy ending.
Gift and estate taxes are not assessed on the first $675,000 of net worth an individual has at death.
In the course of the operations of the enterprise, the net worth grows, and profit is the gross growth of net worth.
Mr. Sufi has found that the households in the 90th percentile of net worth distribution have seen almost no decline in their wealth.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com