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DFW

(54,944 posts)
14. My B-I-L is in the same boat.
Thu Jan 19, 2023, 03:13 AM
Jan 2023

His only surviving parent owns what is theoretically some farmland in the Midwest somewhere reputed to have been worth a million or more. Theoretically. When he inherits it, and tries to sell it, if all he can get for it is $45,000, he gets $45,000 in cash and $955,000 worth of theory.

Seems to me a measure of self-deception bucolic_frolic Jan 2023 #1
Here's a handy dandy calculator! 50 Shades Of Blue Jan 2023 #2
Thanks for that! mvd Jan 2023 #3
:) 50 Shades Of Blue Jan 2023 #4
According to your link, I am definitely lower income now mvd Jan 2023 #5
I am so sorry to hear that. As retired Feds, my husband and get comfortable pensions, 50 Shades Of Blue Jan 2023 #10
Says I'm middle (not upper or lower) jimfields33 Jan 2023 #6
Should be based on your net worth, not income. n/t Yavin4 Jan 2023 #8
It definitely should take net worth into account - Ms. Toad Jan 2023 #11
My B-I-L is in the same boat. DFW Jan 2023 #14
Apparently, I'm in the upper income bracket and the majority of people like me are. SYFROYH Jan 2023 #25
Being "well off" is relative. Compared to what? phoenix75 Jan 2023 #7
That's why I used some flexibility here mvd Jan 2023 #9
I'm personally low income (disabled) Elessar Zappa Jan 2023 #12
That's good they have the pension mvd Jan 2023 #13
That's a tough situation. Elessar Zappa Jan 2023 #15
Yeah, second try mvd Jan 2023 #16
Get a lawyer. Elessar Zappa Jan 2023 #17
Also... write your congressperson Takket Jan 2023 #19
Yep, my rep is a Dem mvd Jan 2023 #28
It depends on what you mean by "well off". elocs Jan 2023 #18
You make a good point Sympthsical Jan 2023 #20
This is weird Sympthsical Jan 2023 #21
+1 Emile Jan 2023 #22
Yup nt XanaDUer2 Jan 2023 #24
I was genuinely curious mvd Jan 2023 #27
Totally agree this is weird Firehawk Jan 2023 #29
Passing, Because... ProfessorGAC Jan 2023 #23
I'd label myself as middle class Victor_c3 Jan 2023 #26
Latest Discussions»General Discussion»How well off financially ...»Reply #14