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Home > September 2021 net worth update

September 2021 net worth update

October 7th, 2021 at 03:24 am

Assets:
NT's UK pensions:
AV1: 22,397 pounds ($27,996)
SW: 27,225 pounds ($34,031)
AV2: 7,567 pounds ($9,459)
NT's trad. rollover IRA: $110,944
NT's Roth IRA: $68,620
NT's SEP/SIMPLE: $1,237
AS's trad. rollover IRA: $27,899
AS's Roth IRA: $96,160
AS's SEP IRA: $73,417
CJ's 401(k): $230,274
CJ's Roth IRA: $73,553
Proceeds of NT's flat: $179,000 (approx)
CJ/NT/AS house: $592,200 ($630,000 value -6%)
---
TOTAL ASSETS: $1,524,790

Debt:
US Mortgage $364,454
Loan from friends (duplex) $9,000
---
TOTAL DEBT $373,454

Current Estimated Net Worth: $1,151,336

August 2021 estimate: $1,173,382

Change in net worth: -$22,046

Summary: Our first big dip in a while due to the market's effect on our retirement accounts. You may notice our debt section is a lot shorter--it's because we sold the UK flat and paid off the UK mortgages! We about broke even net worth-wise on that. I keep meaning to do a big news update but still waiting for some things to be sorted out on the flat taxes as well as the net pay for AS's new job.

Notes on the numbers above: House value estimates are usually approximate. UK pension values updated about once a year. UK asset values are calculated figuring $1.25 for every British pound (just to have a system, even though the exchange rate varies).

Posted in Tracking Net Worth | 4 Comments »

4 Responses to “September 2021 net worth update”

  1. LivingAlmostLarge Says:
    October 7th, 2021 at 03:51 pm 1633621878
    1633621878

    Congrats on selling the flat! Amazing work. Are you paying taxes in the UK on the flat?

  2. ceejay74 Says:
    October 7th, 2021 at 04:52 pm 1633625527
    1633625527

    Thanks, it's been a long time coming!! Yes, we have to pay taxes on it there--I've shaved 30K pounds off the proceeds in the net worth estimate to be safe--and then check with our U.S. tax guy to see if Uncle Sam wants a piece of the action too!

  3. ceejay74 Says:
    October 8th, 2021 at 08:52 pm 1633726327
    1633726327

    Wow! And you know what, it's been even longer, because I forgot to update the kids' ages in March--they're 11 and 9 now!

  4. rob62521 Says:
    October 10th, 2021 at 08:48 pm 1633898885
    1633898885

    Congrats for selling the flat. It's always nice to see debt decrease. Your net worth number if pretty darn nice too!

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