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Archive for March, 2025

March 2025 net worth update

April 1st, 2025 at 03:02 am

We lost about $24K of retirement savings, or about 2.5% of the total value of those funds. Offset by a small contribution to NT's 401k and our regular mortgage payments, our net worth decreased by $22K.

I turned 51 this month, so our CoastFIRE number increased $35K. We are still at CoastFIRE with a $22,500 surplus of where we need to be at. A far cry from the $86K surplus I had in January, but what can you do? It's all worth it to have hundreds of thousands of government employees laid off, international students snatched off our local campuses by ICE, measles spreading like wildfire, our local foodbank losing 15% of its funding, planes falling out of the sky, Palestine and Ukraine being destroyed faster than ever, state supreme court races being bought by a billionaire, and the two-term limit about to be ignored. I mean there are too many blessings to list all in one place. Oh and a tech-bro kid named Big Balls has my social security number, yay!

 

Assets      
NT's UK pensions:      
AV1: 26,511 pounds $33,139    
SW: 37,117 pounds $46,396    
AV2: 7,971 pounds $9,964    
NT's trad. rollover IRA $130,331    
NT's Roth IRA $87,059    
NT's SEP IRA $7,430    
NT's AAC acct $8,944    
AS's trad. rollover IRA $32,608    
AS's Roth IRA $121,895    
AS's SEP IRA $87,671    
AS's Nevada acct (approx amt) $380    
CJ's trad. rollover IRA $280,963    
CJ's Roth IRA $94,017    
CJ/NT/AS house ($643,000 value -6%) $604,420    
CJ/NT/AS rental property ($599,000 value -6%) $563,060    
TOTAL ASSETS $2,108,277 retirement only: $940,797
       
Debt      
Main mortgage $328,557    
Rental property mortgage $374,950    
Loan from friends (main house) $9,000    
TOTAL DEBT $712,507    
       
Current Estimated Net Worth March 2025 $1,395,770    
       
February 2025 estimate: $1,417,956    
       
Change in net worth -$22,186    
       
       
COAST FIRE: https://walletburst.com/tools/coast-fire-calc/    
retirement goal $1.59 million by 2039 (CJ age 65)    
       
Current age: 51      
Retirement age: 65      
Annual spending in retirement: $63,600      
Monthly contribution: $250      
Investment growth rate: 7%      
Inflation rate: 3%      
Withdrawal rate: 4%      
Current invested assets $940,797    
Coast FIRE number at current age $918,185    
Current status: at Coast FIRE with surplus: $22,612    
       
       
Coast FIRE budget      
Ideal budget Monthly    
Housing $0 (rent will cover prop expenses)  
Healthcare $1,500    
Groceries $1,000    
Fun $1,500    
Travel $1,000    
Utilities $500    
Giving $500    
Home improvement $500    
Gifts $250    
Transportation $250    
Monthly $7,000    
Minus add'l rental income -$1,700    
Total monthly $5,300    
Annual $63,600    
       
SSN estimates 2024 Start age 62 Start age 70  
Monthly benefit $4,200 $7,200  
Plus monthly from retirement $5,300 $5,300  
Total monthly $9,500 $12,500  

February 2025 net worth update

March 1st, 2025 at 06:02 pm

Well, despite Musk and Trump's best efforts to capsize the economy, we only lost $2700 of net worth. It would've been closer to $4K but our regular mortage principal payments and NT's small contribution to his 401(k) offset it a bit.

Tomorrow I turn 51, so my next CoastFIRE calculation will be at that age, but for now, we're on track with Coasting with an $82K surplus of where we need to be.

No other financial news, really. NT still waiting to see if his high-paying dream job comes to fruition, but it hasn't been ruled out, just supposedly taking longer to get things in place than expected. So he's very optimistic and I'm still cautiously willing to entertain the scenario but not counting on anything.

 

Assets      
NT's UK pensions:      
AV1: 26,511 pounds $33,139    
SW: 37,117 pounds $46,396    
AV2: 7,971 pounds $9,964    
NT's trad. rollover IRA $134,245    
NT's Roth IRA $89,681    
NT's SEP IRA $7,670    
NT's AAC acct $8,649    
AS's trad. rollover IRA $33,571    
AS's Roth IRA $125,830    
AS's SEP IRA $90,311    
AS's Nevada acct (approx amt) $380    
CJ's trad. rollover IRA $287,872    
CJ's Roth IRA $96,848    
CJ/NT/AS house ($643,000 value -6%) $604,420    
CJ/NT/AS rental property ($599,000 value -6%) $563,060    
TOTAL ASSETS $2,132,036 retirement only: $964,556
       
Debt      
Main mortgage $329,483    
Rental property mortgage $375,597    
Loan from friends (main house) $9,000    
TOTAL DEBT $714,080    
       
Current Estimated Net Worth February 2025 $1,417,956    
       
January 2025 estimate: $1,420,681    
       
Change in net worth -$2,725    
       
       
COAST FIRE: https://walletburst.com/tools/coast-fire-calc/    
retirement goal $1.59 million by 2039 (CJ age 65)    
       
Current age: 50      
Retirement age: 65      
Annual spending in retirement: $63,600      
Monthly contribution: $250      
Investment growth rate: 7%      
Inflation rate: 3%      
Withdrawal rate: 4%      
Current invested assets $964,556    
Coast FIRE number at current age $882,871    
Current status: at Coast FIRE with surplus: $81,685    
       
       
Coast FIRE budget      
Ideal budget Monthly    
Housing $0 (rent will cover prop expenses)  
Healthcare $1,500    
Groceries $1,000    
Fun $1,500    
Travel $1,000    
Utilities $500    
Giving $500    
Home improvement $500    
Gifts $250    
Transportation $250    
Monthly $7,000    
Minus add'l rental income -$1,700    
Total monthly $5,300    
Annual $63,600    
       
SSN estimates 2024 Start age 62 Start age 70  
Monthly benefit $4,200 $7,200  
Plus monthly from retirement $5,300 $5,300  
Total monthly $9,500 $12,500