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: $108,777
NT's Roth IRA: $69,327
NT's SEP/SIMPLE: $3,796
AS's trad. rollover IRA: $27,320
AS's Roth IRA: $97,469
AS's SEP IRA: $73,073
AS uninvested cash: $6,013
CJ's 401(k): $229,833
CJ's Roth IRA: $75,125
CJ/NT/AS house: $592,200 ($630,000 value -6%)
CJ/NT/AS rental property: $520,760 ($554,000 value -6%)
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TOTAL ASSETS: $1,875,179
Debt:
Main mortgage $359,456
Rental property mortgage: $396,351
Loan from friends (duplex) $9,000
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TOTAL DEBT $764,807
Current Estimated Net Worth: $1,110,372
December 2021 estimate: $1,208,835
Change in net worth: -$98,463
Summary: I didn't update net worth for a few months, hoping the markets would recover and we'd have a positive update, but I don't know when that's gonna happen and I wanted to refresh the net worth sheet to reflect the rental property we bought.
We're down nearly $100K from December's net worth. About half of that is losses in our retirement portfolio value, and the other half is from buying the house. We had $188K of proceeds from selling NT's UK flat in the previous net worth update. From that, we made a $133K down payment, and about $30K went to closing costs, repairs, and covering the mortgage and utilities until it's fully rented. The other $25K is sitting in savings, but I'm not counting it toward our net worth since it's there to cover further repairs or expenses. (One unit will be occupied come May 1, but the other one is still not rented, so the mortgage is not quite covered and we're paying utilities on both units for now.)
So, it's not great news on the net worth, but hopefully it'll be smooth sailing soon in both the stock market and on the rental property front!
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).