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Home > December 2024 net worth update
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December 2024 net worth update
January 2nd, 2025 at 03:35 am
It has been a rollercoaster few months! Lost net worth in October, gained it back and then some in November, then lost some again in December. The net gain to our net worth over the past 3 months? $2,000.
Well, it's better than losing ground. We are still about $60K ahead of where we need to be to stay on CoastFIRE, so it's all good.
Next I'll work on my 2024 wrap-up post!
| Assets |
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| NT's UK pensions: |
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| AV1: 26,511 pounds |
$33,139 |
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| SW: 37,117 pounds |
$46,396 |
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| AV2: 7,971 pounds |
$9,964 |
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| NT's trad. rollover IRA |
$130,843 |
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| NT's Roth IRA |
$87,412 |
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| NT's SEP IRA |
$7,472 |
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| NT's AAC acct |
$7,553 |
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| AS's trad. rollover IRA |
$32,725 |
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| AS's Roth IRA |
$122,583 |
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| AS's SEP IRA |
$88,027 |
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| AS's Nevada acct (approx amt) |
$380 |
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| CJ's trad. rollover IRA |
$280,846 |
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| CJ's Roth IRA |
$94,398 |
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| CJ/NT/AS house ($643,000 value -6%) |
$604,420 |
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| CJ/NT/AS rental property ($599,000 value -6%) |
$563,060 |
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| TOTAL ASSETS |
$2,109,218 |
retirement only: |
$941,738 |
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| Debt |
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| Main mortgage |
$331,326 |
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| Rental property mortgage |
$376,241 |
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| Loan from friends (main house) |
$9,000 |
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| TOTAL DEBT |
$716,567 |
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| Current Estimated Net Worth December 2024 |
$1,392,651 |
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| November 2024 estimate: |
$1,412,595 |
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| Change in net worth |
-$19,944 |
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| COAST FIRE: |
https://walletburst.com/tools/coast-fire-calc/ |
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| retirement goal |
$1.59 million by 2039 (CJ age 65) |
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| Current age: 50 |
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| Retirement age: 65 |
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| Annual spending in retirement: $63,600 |
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| Monthly contribution: $250 |
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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 |
$941,738 |
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| Coast FIRE number at current age |
$882,871 |
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| Current status: at Coast FIRE with surplus: |
$58,867 |
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| Coast FIRE budget |
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| Ideal budget |
Monthly |
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| Housing |
$0 |
(rent will cover 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 add'l rental income |
-$1,700 |
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| Total monthly |
$5,300 |
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| Annual |
$63,600 |
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| SSN estimates 2024 |
Start age 62 |
Start age 70 |
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| Monthly benefit |
$4,200 |
$7,200 |
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| Plus monthly from retirement |
$5,300 |
$5,300 |
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| Total monthly |
$9,500 |
$12,500 |
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Posted in
Tracking Net Worth
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5 Comments »
Leave a Reply
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January 3rd, 2025 at 12:29 am 1735864160
January 3rd, 2025 at 03:08 am 1735873712
January 3rd, 2025 at 03:18 am 1735874318
For various reasons, that plan sort of stalled over the years, so I consider that money they gave us to be a loan. I'm not sure they even do, or if we're still planning on revisiting that co-ownership idea, so I just kind of let it hang out there as a "loan" in case it ever comes up. I would pay them back if we definitively decided we weren't doing the ownership thing.
January 3rd, 2025 at 03:24 am 1735874657
January 4th, 2025 at 03:59 pm 1736006361