Layout:
Home > August 2014 net worth update

August 2014 net worth update

August 15th, 2014 at 03:31 pm

Assets:
NT's UK pensions:
#1: 17,105 pounds ($27,368)
#2: 19,653 pounds ($31,445)
#3: 4,452 pounds ($7,123)
NT's 401(k): $31,263
NT's Roth IRA: $7,292
AS's 401(k): $13,520
AS's trad. IRA: $1,682
AS's Roth IRA: $19,572
CJ's 401(k): $73,157
CJ's Roth IRA: $7,292
NT's flat: 140,000 pounds ($224,000)
CJ & AS's condo: $145,000
CJ/NT/AS house: $440,000
---
Total Assets: $1,028,714

Total Debt: $682,221

Current Estimated Net Worth: $346,493

July 2014 estimate: $379,845

Change in net worth: -$33,352

Summary: I decided to go with Redfin value minus 6% for the value of the new home, which means the debt we took on is greater than the asset value we took on. So that meant a large drop in our net worth. Also, the markets were flat to slightly negative and we didn't put as much into retirement as usual, so there was no help there to our net worth. And we didn't pay down much debt either.

Assets are up over a million dollars in worth! But that will drop back down once we sell our condo.

I'll update the Individual Net Worth page shortly, breaking it out by person.

Notes on the numbers above: House value estimates are 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 $1.60 for every British pound..60 for every British pound.

0 Responses to “August 2014 net worth update”

Leave a Reply

(Note: If you were logged in, we could automatically fill in these fields for you.)
*
Will not be published.
   

* Please spell out the number 4.  [ Why? ]

vB Code: You can use these tags: [b] [i] [u] [url] [email]