Assets:
NT's UK pensions:
AV: 17,967 pounds ($22,459)
SW: 20,398 pounds ($25,497)
FL: 5,534 pounds ($6,917)
NT's 401(k): $52,216
NT's Roth IRA: $18,842
AS's trad. IRA: $17,059
AS's Roth IRA: $37,131
AS's SEP IRA: $15,964
CJ's 401(k): $106,285
CJ's Roth IRA: $22,365
NT's flat: $212,500 (200,000 pounds value x1.25 -15%)
CJ/NT/AS house: $427,281 ($454,554 value -6%)
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Total Assets: $964,516
Debts:
US Mortgage $397,463
Loan from friends (duplex) $9,000
UK Mortgage 1 $35,025
UK Mortgage 2 $7,384
UK Mortgage 3 $7,775
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TOTAL DEBT $456,647
Current Estimated Net Worth: $507,869
February 2017 estimate: $555,321
Change in net worth: -$47,452
Summary: Retirement accounts went up at a nice pace, but I decided to adjust both home values to what seemed like a more accurate estimate, so our assets are below a million again. Darn! Hopefully the next time they get up there, they stay there.
Notes on the numbers above: House value estimates are approximate. (I do have my eye on a comparable listing for the UK flat, but it's been on the market a long time.) UK pension values updated about once a year. UK asset values and debt amounts are calculated figuring $1.25 for every British pound.
April 2017 net worth update
April 30th, 2017 at 09:07 pm
April 30th, 2017 at 11:14 pm 1493590467
April 30th, 2017 at 11:36 pm 1493591808
The pensions...egh, it's just been easier to avoid dealing with them. Not only am I ignorant about the tax questions, but NT is very hard to mobilize, and the customer service hours are all in UK time so it's a chore to get in touch. I did get NT to call and gain online access to them, and he talked to one customer service person who said it would be easy to roll them into one UK fund, so at least it would be easier to keep track of. I'm honestly not sure what the tax implications would be of taking tax-deferred retirement from one country and trying to keep it tax-deferred in another. Not sure that would work, but I haven't looked into it.
May 1st, 2017 at 01:10 am 1493597400
http://www. retirementdictionary.com/articles/foreign-pension-plans-cannot-be-rolled-over-us-ira-or-employer-plan
May 2nd, 2017 at 03:43 am 1493693036
May 2nd, 2017 at 04:32 am 1493695943