In Joint Estate Report "Net Estate" is expressed in real dollars?
I want to confirm Net Estate is real dollars. My understanding is that assets and retirement accounts grow at the specified nominal rate, adjusted by the inflation rate specified in Assumptions. The Net Estate, then, should be stated in real dollars, correct? So growth in the Net Estate column means growth of the estate in real dollars, with inflation accounted for, right?
Mon, 01/29/2018 - 19:46
That's correct. We don't
That's correct. We don't report anything I can think of in nominal dollars. A nominal dollar would have to be converted to a 2018 dollar to have any practical meaning.
Tue, 01/30/2018 - 14:13