What I would look at though outside of your cash reserves of 30000 and whatever ancillary expenses that you have one of the things people make mistakes on is where theyre keeping their CDs So 56 years of age- So if youre looking to say 10 in cash but your cash reserves- lets just say 50000 or 100000 keep in cash.

How much of my net worth should be in cash. Home equity here is a minority of overall net worth. Blue chip stock indexes some gold ETFs for rainy days and all the usual suspects instead of a big cash pile. By age 50 your net worth should be roughly four times your salary.

In simplest terms net worth is the overall value of your assets -- including your house cars bank accounts and any other property you own -- minus your liabilities. Should you buy VBK the Vanguard Small-Cap Growth ETF. Most investors want to cover between six to twenty-four months worth of expenses.

The key however is to balance overall financial goals. Privately wealthy people like to hoard cash as well. How much of your money should you keep in cash.

As of April 13 2020 the legendary Tweedy Browne Global Value Fund allocated 1382 of the funds holdings to cash T-Bills and money markets. If you make 100000 a year your target is 400000. As my net worth increases that percentage will go down since I dont have an extremely risky career like a rapper and havent built a criminal empire that might require me to flee at any minute and be able to secure hoards of cash in a moments notice like Chapo Guzman.

9000 for ages 25-34 52000 for ages 35-44 100000 for ages 45. Granted Im still young and have a higher net worth than most my age but here is my allocation. But what if you dont.

According to CNN Money the average net worth in 2020 for the following ages are. Cash 155 Stocks Only Equities 50 Real Estate including house REITs 20. For people less than 35 years old the median net worth is 6676 but excluding home equity is 4151.