Assets:
NT's UK pensions:
#1: 13,884 pounds ($27,768)
#2: 17,268 pounds ($34,536)
#3: 3,709 pounds ($7,418)
NT's 401(k): $20,619
NT's Roth IRA: $4,758
AS's 401(k): $8,210
AS's trad. IRA: $1,682
AS's Roth IRA: $9,444
CJ's 401(k): $48,180
CJ's Roth IRA: $4,758
NT's flat: 130,000 pounds ($260,000)
CJ & AS's condo: $160,000
Emergency fund (shared asset): $18,562
House down payment/moving fund: $2,195
---
Total Assets: $608,130
Total Debt: $299,943
Current Estimated Net Worth: $308,187
August 2012 estimate: $299,508
Change in net worth: +$8,679
Summary: We did it! We surpassed the 2012 goal of $300,000 net worth. (On paper, that is.)
I'm going to "true up" our accounts soon using the current pounds-to-dollars exchange rate and reassessing our home values, so our debt, assets and net worth are all going to go way down.
I will update my "Individual Net Worth" page shortly so you can see how it breaks out per person.
Notes on the numbers above: House value estimates are very approximate. I don't have a way to check NT's UK pensions or flat value, so their values stay static for the purpose of this update (unless I happen to get some info by chance). UK asset values and debt amounts are calculated figuring $2 for every British pound, which was the exchange rate when I started keeping track. Starting in 2013 I'm going to use the true current exchange rate, which is now closer to $1.60 per British pound.
December 2012 net worth update: annual goal reached (again)!
December 18th, 2012 at 04:00 pm
December 18th, 2012 at 07:28 pm 1355858911
December 18th, 2012 at 08:36 pm 1355862991
When 'true-ring up' sums, I suggest you evaluate the percentage earned from 1/1/2012 on existing funds, temporarily subtracting amounts contributed in 2012 to know whether specific investments are meeting targets or in need re-balancing etc.
I wonder if you can you follow real estate values in the UK on-line as we are able to track here based on community and square footage? Of course there are adjustment details for parking, decor, charm etc. Do you follow recent sales in your USA complex?
NK's retirement value is harder to evaluate but he could ask that Management Board for up-to-date figures. In the end, it's now the individual's responsibility to track and be informed about their personal retirement plan.
Hope you're giving yourself a big pat on the back for a job well done.
December 18th, 2012 at 09:05 pm 1355864752
I actually already found info online for some flats in his development that have sold in the past 5 years, and though no comparable 1-bedrooms have sold in 3 years, I looked at the prices of 3 2-bedrooms and was able to extrapolate where prices are going generally in his area. So I've got an estimate I'm comfortable with: 125,000 pounds.
There's been huge discrepancies in what units in our condo have been selling for, but there have been two comparable units that both recently sold for $145,000, so that's what I'm going with for our condo. We would probably have to renovate to get it sold, but upgrades are factored into our future planning, so I think we'll be able to sell for the going rate when it's time.
The UK retirement funds -- we get updates once a year in the mail. Most years they show a pretty healthy increase. I've never calculated because, as you said, it's each individual's responsibility. The amount of heavy lifting it would take me to get NT actively involved in his UK pensions is just not worth any incremental amount of additional money we might earn.
It'll be hard to see our asset numbers go down, but at least I'll have the satisfaction that they're accurate and up-to-date!
December 18th, 2012 at 11:33 pm 1355873635
December 19th, 2012 at 01:05 am 1355879156
December 19th, 2012 at 04:15 pm 1355933749
I see that 'staging' to sell makes an amazing difference in a buyer appeal but those eye appealing looks aren't practical for day-to-day living.