Unveiling Retirement Strategies for Affluent Individuals: A Comprehensive Guide to Secure Financial Longevity
Understanding High Net Worth in Retirement A high net worth retiree is an individual who has a net worth of approximately $1 million or more. This includes all assets, such as stocks, bonds, real estate, and other investments, minus any debts. As the cost of living and economic conditions change, the definition of “high net worth” may also evolve. Determining Retirement Financial Standing Investable assets, such as stocks, bonds, and mutual funds, play a significant role in determining one’s financial position during retirement....