|
|
|
|
Home > February 2025 net worth update
|
|
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 |
|
Posted in
Tracking Net Worth
|
7 Comments »
Leave a Reply
|
March 1st, 2025 at 08:00 pm 1740859232
March 1st, 2025 at 11:54 pm 1740873299
March 2nd, 2025 at 02:04 am 1740881061
March 2nd, 2025 at 02:07 am 1740881267
Happy birthday!
March 3rd, 2025 at 03:55 pm 1741017335
Thanks for the birthday wishes!
March 5th, 2025 at 08:30 pm 1741206623
Happy belated birthday!
Hope the dream job comes to fruition.
March 6th, 2025 at 07:47 am 1741247246