January 31st, 2023 at 09:13 pm
Finally a more positive net worth outlook than we've had for a while! Our retirement accounts went up in value about $40K, we paid off a bit of our tax bill, and our COAST Fire timeline got 4 years shaved off: It now says we could reach it in 8 years vs. 12!
| Assets |
|
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| NT's UK pensions: |
|
|
|
| AV1: 22,397 pounds |
$27,996 |
|
|
| SW: 30,864 pounds |
$38,580 |
|
|
| AV2: 7,567 pounds |
$9,459 |
|
|
| NT's trad. rollover IRA |
$101,983 |
|
|
| NT's Roth IRA |
$66,203 |
|
|
| NT's SEP IRA |
$3,559 |
|
|
| AS's trad. rollover IRA |
$25,614 |
|
|
| AS's Roth IRA |
$92,544 |
|
|
| AS's SEP IRA |
$68,444 |
|
|
| CJ's 401(k) |
$224,767 |
|
|
| CJ's Roth IRA |
$71,634 |
|
|
| CJ/NT/AS house ($630,000 value -6%) |
$592,200 |
|
|
| CJ/NT/AS rental property ($554,000 value -6%) |
$520,760 |
|
|
| TOTAL ASSETS |
$1,843,743 |
retirement only: |
$730,783 |
| |
|
|
|
| Debt |
|
|
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| Main mortgage |
$351,798 |
|
|
| Rental property mortgage |
$391,083 |
|
|
| HELOC |
$33,250 |
|
|
| Appliances CC |
$3,331 |
|
|
| Loan from friends (main house) |
$9,000 |
|
|
| TOTAL DEBT |
$788,462 |
|
|
| |
|
|
|
| Current Estimated Net Worth January 2023 |
$1,055,281 |
|
|
| |
|
|
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| December 2022 estimate: |
$1,009,482 |
|
|
| |
|
|
|
| Change in net worth |
$45,799 |
|
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| |
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| |
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| COAST FIRE: |
https://walletburst.com/tools/coast-fire-calc/ |
|
|
| retirement goal |
$1.65 million by 2039 (CJ age 65) |
|
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| |
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| Current age: 48 |
|
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| Retirement age: 65 |
|
|
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| Annual spending in retirement: $66,000 |
|
|
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| Monthly contribution: $1,451 |
|
|
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| Investment growth rate: 7% |
|
|
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| Inflation rate: 3% |
|
|
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| Withdrawal rate: 4% |
|
|
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| Current invested assets: $730,783 |
|
|
|
| Coast FIRE number at current age: $847,066 |
|
|
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| Current status: 8 years from Coast FIRE number: |
$1.159 million |
|
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| Coast FIRE budget |
|
|
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| Housing $0 (rents covering prop expenses) |
|
|
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| Healthcare $1,500 |
|
|
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| Groceries $1,000 |
|
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| Fun $1,500 |
|
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| Travel $1,000 |
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| Utilities $500 |
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| Giving $500 |
|
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| Home improvement $500 |
|
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| Gifts $250 |
|
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| Transportation $250 |
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| Monthly $7,000 |
|
|
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| Minus rental income -$1,500 |
|
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| Total monthly $5,500 |
|
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| Annual $66,000 |
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Posted in
Tracking Net Worth
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2 Comments »
February 2nd, 2023 at 01:27 pm 1675344426
Congrats on moving up your CoastFI timeline. I have reached my number, but keep saving as it’s not a hardship and I am trying to prepare for all possibilities as I am single & child free.
February 5th, 2023 at 06:54 pm 1675623268