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Home > July 2016 net worth update

July 2016 net worth update

July 29th, 2016 at 09:32 am

NT's UK pensions:
#1: 17,105 pounds ($25,658)
#2: 20,501 pounds ($30,752)
#3: 5,523 pounds ($8,284)
NT's 401(k): $44,207
NT's Roth IRA: $10,327
AS's trad. IRA: $15,528
AS's Roth IRA: $29,607
AS's SEP IRA: $9,633
CJ's 401(k): $91,931
CJ's Roth IRA: $13,453
NT's flat: 180,000 pounds ($270,000)
CJ/NT/AS house: $470,000 (value -6%)
Total Assets: $1,019,380

Total Debt: $475,634

Current Estimated Net Worth: $543,746

May 2016 estimate: $529,251

Change in net worth: +$14,495

Summary: I was shocked by this huge jump! I went back to make sure it was accurate, and it is. About $9K of it is due to retirement fund growth and contributions (including $2750 to AS's Roth). The other $5K is because I realize that last month, I switched the exchange rate on NT's pensions and home value but not on NT's mortgage debt. So changing the exchange rate from $1.60 to $1.50 gave us another $5K jump. Hard to believe it was that much!

Notes on the numbers above: House value estimates are approximate. UK pension values updated about once a year. UK asset values and debt amounts are calculated figuring $1.50 for every British pound.

1 Responses to “July 2016 net worth update”

  1. creditcardfree Says:

    Yes, it was a good month for the market.

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