The markets have been relatively flat over March but we have been pumping in our usual amounts to our respective 401(k)s, joint brokerage account, and 529 for the kiddo.
Also, we made most of our Roth and traditional IRA contributions for 2018 last month. We were pleasantly surprised that we’re still able to contribute for Roth, though our MAGI was in the phased out section. Don’t think we’ll be able to contribute to this bucket for tax year 2019. The reason we waited to make our contributions so late is we wanted to know for sure how much we’d be able to contribute in our Roths, knowing well that we would either be over the range, or close to the top. Once we filed our taxes mid March, we got the AGI, and then the MAGI, to determine how much we can contribute.
Asset for March is at an all time high, so is Net Worth. Liabilities are down by almost $4.5k compared to February.
A $10k bond we had for the past 20 years reached its final maturity last month. For the time being we have kept that in a checking account.
Remember: Markets will fluctuate. Maintain course!
Total assets of $955k for February has smashed the previous high-water mark of $937k set in September 2018. Net worth is at all time high of $744k. Wow! Keep in mind though, as we always do, the market will have some hiccups on the way.
Outstanding mortgage is below $200k. I think we can reach our stretch goal of bringing this down to $160k by the end of the year.
Major expense for last month was $1,038 for home insurance we paid using credit card, and promptly paid back the card. $13 instant cash back! We took off home insurance through the mortgage escrow as soon as we were able to and now pay it directly and pocket the cash back.
Typing out the heading for this post made me wonder, “Where did the month go by??”
With this update we’re introducing a change in how we report numbers. Our Retirement bucket is by far our largest asset. We’ve decided to expand this by splitting up into 401(k) and R/T IRAs by individuals.
With the uptick in markets in January, our Net Worth is at an all-time high. Starting in January, we’re sending $3,100 in extra principal towards the mortgage. That’s a guaranteed 3.875% return! This will ensure that we’re mortgage free in 53 more months. (Possibly quicker when you factor in one-time payoffs from bonuses)
Major expense for the month was semi-annual $836 for car insurance, for both our vehicles.
With the markets having the worst December since the Great Depression it is not a surprise that we posted a loss in net worth. Valuation of assets are down almost $22k since November. A couple of factors prevented us from being more in the red than the $18.7k you see here.
a) Debt reduced by ~$3.2k
b) In addition to what we put in the markets in a regular month, we pumped in $1.5k more into our taxable brokerage accounts
When the markets rose the day after Christmas, we were able to ride the wave.
The big ticket expense for December was $1.2k that was spent on purchasing an international round trip flight tickets that we’ll be using to attend a wedding.
I’m looking forward to the next couple of posts, which have been in the works for sometime now, in which we will review the year, look at what we invest in, and one philosophical/opinion post on why Americans don’t save more.
November was a three paycheck month for M and we paid little more than a full extra payment to our mortgage. Other than that nothing major for the month. The markets seems to have stabilized. Or not. We’re still putting in our usual for the month.
Ah, a real beauty of a month! Months such as this one show that the going is not always smooth. We’ve been in the midst of such a bull market that dips (not even correction) are sort of necessary to show people who joined the party in 2009 or later that the markets can fluctuate quite a bit in the short term.
We lost a tad over $14k in net worth last month. Because our retirement accounts are by far the largest asset bucket it’s no surprise these are the accounts that took the largest hit. Taxable investment accounts and 529 account are down as well. Cash reserves grew. We put in about $3k into our debt obligations.
All will be well. We’re still pumping in the same rate into our retirement and taxable accounts.
Surprisingly, the major expense of last month was ….clothes and shoes, $570 worth of them! Astounding – I know. A pair of real nice work shoes, a belt, a sport coat, a winter coat, and alterations. All of these should last for years to come.
Another solid month. The key highlight to this month was stated in the last post. Another highlight was that M started on a new job. This job was lined up almost 10 months ago but the start was purposely chosen to be after the unofficial end of summer (Labor Day). We had one domestic and one international trip, each a week long, during the time M was enjoying time off between jobs.
One more thing of note. With the job change, and the corresponding change in salary, our combined annual income has gone past $250k. We will put up an income post for 2019 when we have the full year number.
The next near-term goal is to get the total assets up to a $1M by end of the year. Of course, a lot depends on the markets. As we have said in numerous posts, and will continue to reiterate, we fully acknowledge the huge role the bull market has played on our current state of affairs. We know the bears are bound to come at some point. We will ride those periods out.