|
|
|
|
Home > Archive: September, 2025
|
|
Archive for September, 2025
September 30th, 2025 at 09:51 pm
We're back from Europe! We had a fantastic time in Portugal (new to us) and Spain (2nd time there). I was exhausted from an intense summer of work so I did more relaxing than sightseeing, but I didn't mind--relaxing away from all my stuff and responsibilities was way more impactful than if I'd tried to have a staycation or anything. Anyway, we all loved Portugal and it's definitely at the top of possible places we'd love to have a winter home, if we can figure out how to afford that. We've been having fun discussing different scenarios, trying not to get too stuck in one way of thinking but really explore all angles, even the out-there ones.
The retirement accounts did well this past month; our net worth went up $28K, largely due to stock market gains. The CoastFIRE calculator says I could keep coasting and retire at 61, so only 10 years away!
The travel spending this year way outstripped what we budgeted for, so we're currently running at a deficit for the year. I know there's more spending and also more income to go this year, so I'm not trying to predict how much we'll be in the hole, but I do think we'll be a certain amount so. I don't have the HELOC reflected in net worth because I was hoping to go in the opposite direction this year, especially when it seemed like NT was going to get a lucrative new job. That job is a much more remote possibility now, so at the end of the year, whatever we've accumulated in HELOC debt will make it onto the net worth spreadsheet. Right now it's at $24K; about half from 2024 and half from this year. But it could be less by the end of the year, so I'll wait and see.
While it's not great to be overspending by $1K a month, part of it is definitely me and AS still getting our business growing. I'm on track to make at least $15K more this year (gross) than last (of course our spending/expenses increased a similar amount this year so it's not solving all our problems lol) and I think there's room to grow, so we're on a good trajectory!
| Assets |
|
|
|
| NT's UK pensions: |
|
|
|
| AV1: 29,509 pounds |
$36,886 |
|
|
| SW: 37,117 pounds |
$46,396 |
|
|
| AV2: 8,462 pounds |
$10,578 |
|
|
| NT's trad. rollover IRA |
$152,190 |
|
|
| NT's Roth IRA |
$101,583 |
|
|
| NT's SEP IRA |
$8,765 |
|
|
| NT's AAC acct |
$13,600 |
|
|
| AS's trad. rollover IRA |
$37,983 |
|
|
| AS's Roth IRA |
$143,809 |
|
|
| AS's SEP IRA |
$102,297 |
|
|
| AS's Nevada acct (approx amt) |
$380 |
|
|
| CJ's trad. rollover IRA |
$321,013 |
|
|
| CJ's Roth IRA |
$109,702 |
|
|
| CJ/NT/AS house ($643,000 value -6%) |
$604,420 |
|
|
| CJ/NT/AS rental property ($599,000 value -6%) |
$563,060 |
|
|
| TOTAL ASSETS |
$2,252,662 |
retirement only: |
$1,085,182 |
| |
|
|
|
| Debt |
|
|
|
| Main mortgage |
$322,948 |
|
|
| Rental property mortgage |
$371,026 |
|
|
| Loan from friends (main house) |
$9,000 |
|
|
| TOTAL DEBT |
$702,974 |
|
|
| |
|
|
|
| Current Estimated Net Worth September 2025 |
$1,549,688 |
|
|
| |
|
|
|
| August 2025 estimate: |
$1,521,670 |
|
|
| |
|
|
|
| Change in net worth |
$28,018 |
|
|
| |
|
|
|
| |
|
|
|
| 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 |
$1,085,182 |
|
|
| Coast FIRE number at current age |
$918,185 |
|
|
| Current status: at Coast FIRE with surplus: |
$166,997 |
|
|
| |
|
|
|
| |
|
|
|
| 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
|
5 Comments »
September 10th, 2025 at 04:01 pm
I can finally access blogs and write entries, hooray! There was about a week when I couldn't, so I couldn't make my usual monthly net worth post.
It was pretty good news for August: about a $25K bump in net worth, mostly due to retirement fund values increasing. We're comfortably at CoastFIRE with a $140K surplus. I tried the calculator with different ages than my 65 goal, and it says I could theoretically retire at 62 and still be at CoastFIRE status. To retire at 61 (10 years from now) we would have to continue our current contributions ($250 per month) for 6 more years. To retire at 60 we would have to up our retirement contributions to $650 per month for the next 9 years (basically no CoastFIRE, just save til retirement).
Who knows what the future will bring, but it's kind of fun playing around with the numbers! We are currently on a European vacation that is definitely over our travel budget for this year, and we're facing spending overages in nearly every category this year, so it's good to feel like our retirement nest egg is healthy at least. I hope it doesn't crash too terribly in the coming months/years.
| Assets |
|
|
|
| NT's UK pensions: |
|
|
|
| AV1: 29,509 pounds |
$36,886 |
|
|
| SW: 37,117 pounds |
$46,396 |
|
|
| AV2: 7,971 pounds |
$9,964 |
|
|
| NT's trad. rollover IRA |
$148,165 |
|
|
| NT's Roth IRA |
$98,902 |
|
|
| NT's SEP IRA |
$8,521 |
|
|
| NT's AAC acct |
$12,838 |
|
|
| AS's trad. rollover IRA |
$36,989 |
|
|
| AS's Roth IRA |
$139,800 |
|
|
| AS's SEP IRA |
$99,598 |
|
|
| AS's Nevada acct (approx amt) |
$380 |
|
|
| CJ's trad. rollover IRA |
$313,519 |
|
|
| CJ's Roth IRA |
$106,807 |
|
|
| CJ/NT/AS house ($643,000 value -6%) |
$604,420 |
|
|
| CJ/NT/AS rental property ($599,000 value -6%) |
$563,060 |
|
|
| TOTAL ASSETS |
$2,226,245 |
retirement only: |
$1,058,765 |
| |
|
|
|
| Debt |
|
|
|
| Main mortgage |
$323,890 |
|
|
| Rental property mortgage |
$371,685 |
|
|
| Loan from friends (main house) |
$9,000 |
|
|
| TOTAL DEBT |
$704,575 |
|
|
| |
|
|
|
| Current Estimated Net Worth August 2025 |
$1,521,670 |
|
|
| |
|
|
|
| July 2025 estimate: |
$1,495,179 |
|
|
| |
|
|
|
| Change in net worth |
$26,491 |
|
|
| |
|
|
|
| |
|
|
|
| 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 |
$1,058,765 |
|
|
| Coast FIRE number at current age |
$918,185 |
|
|
| Current status: at Coast FIRE with surplus: |
$140,580 |
|
|
| |
|
|
|
| |
|
|
|
| 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
|
3 Comments »
|