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Home > September 2016 net worth update

September 2016 net worth update

September 30th, 2016 at 03:25 pm

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): $45,820
NT's Roth IRA: $13,236
AS's trad. IRA: $15,662
AS's Roth IRA: $29,882
AS's SEP IRA: $10,964
CJ's 401(k): $93,365
CJ's Roth IRA: $16,429
NT's flat: 180,000 pounds ($270,000)
CJ/NT/AS house: $470,000 (value -6%)
Total Assets: $1,030,052

US Mortgage (duplex) $402,270
Loan from friends (duplex) $9,000
UK Mortgage 1: $43,551
UK Mortgage 2: $9,180
UK Mortgage 3: $9,668
Total Debt: $473,669

Current Estimated Net Worth: $556,383

August 2016 estimate: $550,362

Change in net worth: +$6,021

Summary: The market remained mostly flat, but we contributed a bunch to retirement and paid off nearly $1K of debt, so we saw a nice bump.

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.

2 Responses to “September 2016 net worth update”

  1. LivingAlmostLarge Says:

    You owe very little on the UK house. Have you considered selling it?

  2. ceejay74 Says:

    Occasionally...but I kind of like the idea of having a steady stream of income from the rental, and I think selling from the U.S. would be a huge hassle. (If we sell while it's under our current management company, they get a share of the profits -- maybe 10%? -- and I bet the taxes would be high on the sale too.) But maybe, if we decide to do something like buy AS's mom a condo or invest in another piece of real estate here in MN, we could pursue it. It's NT's property so I'd have to make sure he was really on board. And we'd have to have a great plan for the money. The only other thing I could think of to do with it would be pay down our U.S. mortgage.

    Now that the pound is so depressed in value, it's a less attractive option. Maybe if it gets stronger again someday...

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