WIR Net Worth Board

[tcu2003]

Congrats, plugginaway! Do you mind sharing your age? Any specific plans for when you retire?

[plugginaway22]

TCU....Congrats, plugginaway! Do you mind sharing your age? Any specific plans for when you retire?

Below is my post from April. I saw that Cronewitch lost her SO, so sad wish I knew how to tag her because when I found this site, she was my inspiration! I loved following her on her way to retirement.


We are 60 and 61 (DH) and started to save later than most because I stayed home to raise 3 kids and DH was not a real high earner at that time. But we always lived pretty frugally and tried to put away as much as we could. We have been in the same 2000 sq ft home for over 25 years (it is paid off). I also found this board a long time ago and got lots of good info along the way. After I went back to work and kids flew the nest, we really were able to make progress. My company is being bought out and I will be retiring this year. DH is unsure about how long he will work. Thankfully our expenses are very low compared to many people I know.

[TheOtherMe]

Here is the tag for you     cronewitch     

[Rukh O'Rorke]

	April 2 2021	June 2 2021	July 3, 2021
401k and rollovers	$1,304,844.84	$1,282,158.98	1,379,620.42
Roth	$197,893.19	187,127.73	188,100.19
Other: EF, ESOP, HSA	$49,159.49	49,362.64	50,381.5
Total	$1,551,897.52	$1,518,649.35	1,618,102.11

up a bit this time around.....

[Rukh O'Rorke]

oh - so sorry to hear about Crone's partner.



Condolences, cronewitch

[ners]

July 2021 update

Assets
Cash             $19,784.14
Retirement   $187,554.55
House           $80,000.00
Car                 $3,550.00
Stock              $7,119.92
HSA                   5074.96

Total Assets $303,083.57

Liabilities    
Mortgage        $54,007.80
Helco               $11379.95
Car                   $5,526.46

Total Liabilities $70,914.21


Net Worth       $232,169.36



Up 3500 over 2 months.

[tcu2003]

July 2021 Update:

ASSETS:
Checking/Savings: $149,536
House: $512.7k
Retirement: $1.876M
Brokerage: $5.6k
529s: $69.3k
Company Stock: $208k

DEBTS:
Company Stock Loan (to shareholder I'm buying stock from, at 0.52% for 7 years): $175k

Total NW: $2,647,906

We're up less than 1% since last month. As of the date I updated everything in my spreadsheet (7/31), DH officially had 2 commas in his 401k account (he's been at the same employer from college, so his entire retirement savings except for the Roth IRA is in the one 401k, which makes it easy), so that was exciting - now we'll see if it's still true when August ends. ;-) 

As usual, the list above excludes our cars, which are worth around $30k combined, but I leave them out because we're unlikely to sell, and need them to get to/from work, kids schools, etc. in the land of suburbia.

[minnesotapaintlady]

Skipping the NW post this month, but nerded out a little after a Facebook discussion of how the first 100K is the hardest.  I've always known it had took around 15 years for me to get my first 100K in retirement accounts give or take, but hadn't dug any further.  Now I have. 

1990 - $0

2005 - 100K

2013 - 200K

2016 - 300K

2018 - 400K

2019 - 500K

2020 - 600K

2021 - 700K

?       - 800K (I'm at 762K right now, so two milestones in one year maybe?!?!)

eta:  This isn't meant to be a brag, just showing how things can really just take off on their own after a while.  It's really pretty amazing.

[Rukh O'Rorke]

Jul 5, 2021 9:33:08 GMT -5 jenpen said:

Happy [belated] Independence Day, all!

Q2 update:

	12/31/2020	03/31/2021	6/30/2021
Cash	34,103	32,695	36,564
Investments	43,853	45,497	50,000
Retirement	498,305	518,936	557,072
Pension	675,000	675,000	675,000
Home/car	143,000	160,000	160,000
Assets	1,394,261	1,432,128	1,478,635
Liabilities (mortgage)	(70,653)	(70,169)	(69,682)
Net Worth	1,323,607	1,361,959	1,408,953

Increase of ~85k for the year.

In April, my combined retirement/investments hit the 600k mark. That's the number I've had in mind that would provide enough income to supplement my pension, so that was a major milestone for me (although, I plan on delaying taking my pension 4 years until age 60).  Also, in April, while running scenarios on Fidelity's retirement planner, I realized I'd been so focused on hitting 20 years of service at the end of Oct that I lost sight of one significant fact: if I'm going to delay taking my pension until age 60, I only need to have 5 years of service, not 20!  I can retire immediately!!!

Unfortunately, 2 days before I had that epiphany, one member of our 3-person team announced she was leaving in 2 weeks. I now feel trapped, not wanting to leave our supervisor to close out a $40-million, multi-year research study by herself. Among other things, we have ~93 BILLION data points that need to be processed and submitted to NIH by the end of August. We have one other major deadline at the end of August, so I'm going to try to stick around at least that long. Of course at that point, if I work "just" one more month and then take 4 weeks vacation, I can get to the end of October and hit the 20-year mark, which would give me the option to take my pension before age 60.  That's probably the smart thing to do, but, honestly, every day feels like torture and I just want to quit NOW!  Oh well, I suppose it's a good thing that my inability to make a decision is dragging me closer and closer to the end of October...  However this works out, I WILL be retired by the end of the year!

woohoo!

every day feels like torture and I just want to quit NOW!

twinning!

[Rukh O'Rorke]

Aug 5, 2021 13:38:21 GMT -5 minnesotapaintlady said:

Skipping the NW post this month, but nerded out a little after a Facebook discussion of how the first 100K is the hardest.  I've always known it had took around 15 years for me to get my first 100K in retirement accounts give or take, but hadn't dug any further.  Now I have. 

1990 - $0

2005 - 100K

2013 - 200K

2016 - 300K

2018 - 400K

2019 - 500K

2020 - 600K

2021 - 700K

?       - 800K (I'm at 762K right now, so two milestones in one year maybe?!?!)

eta:  This isn't meant to be a brag, just showing how things can really just take off on their own after a while.  It's really pretty amazing.

I can't remember! And I sure don't have the excellent records you do!

but it did take a long time.q

[plugginaway22]

Yes I definitely remember how hard it was to hit that first $100k...

This will be my last week of going to the office, maybe only 20 hours of clean-up? So it hasn't hit me yet that I am retired. We rented a condo at the beach in September and hopefully when I don't feel that angst about returning to work it will seem real! 

I maxed my 401k at 26k with final bonus and did get the full match, our plan allows 'true-up'. Now I need to roll it all over to my own IRA. Will do a net worth update in September. 

[tcu2003]

It's the end of the month, so here's my August 2021 update:


ASSETS:

Checking/Savings: $152,565
House: $512.7k
Retirement: $1.941M
Brokerage: $5.7k
529s: $72.8k
Company Stock: $208k

DEBTS:

Company Stock Loan (to shareholder I'm buying stock from, at 0.52% for 7 years): $175k


Total NW: $2,718,912

We're up about 2.65% over last month. 

As usual, the list above excludes our cars, which are worth around $30k combined, but I leave them out because we're unlikely to sell, and need them to get to/from work, kids schools, etc. in the land of suburbia.

[Rukh O'Rorke]

UPdate!

	April 2 2021	June 2 2021	July 3, 2021	September 1, 2021
401k and rollovers	$1,304,844.84	$1,282,158.98	1,379,620.42	$1,485,897.26
Roth	$197,893.19	187,127.73	188,100.19	$192,394.09
Other: EF, ESOP, HSA	$49,159.49	49,362.64	50,381.5	$39,887.91
Total	$1,551,897.52	$1,518,649.35	1,618,102.11	$1,718,179.26

This is a great day to check! First of the month and Market is Up!


Very pleased with todays results.

[minnesotapaintlady]

Update for September. I keep looking for a milestone to shoot for.  I guess the next will be the 800K in retirement.  If that happens this year, I'll have hit 700K and 800K in one year which is pretty huge.

Mortgage - $82,218

CC debt - $1619

Total Debt $83,837

Cash and Savings - $56,521
529s - $69,160
Retirement - $781,579
House - $300,000

Total Assets $1,207,260

Net Worth $1,123,423 (increase of $33,817.00 since 7/1/21)

On a side note, DS's college bill is paid for Fall semester and I think his college accounts have broke into 6 figures now...which is 30K more than he started with!  I only get a statement from his UTMA once a year, but just going by the current price it should be about 64K plus the 37K in his 529.  He does have 8K in student loans taken out so far though.  They're subsidized, so figured might as well let the money stay invested until he's out and pay them off later.

[steph08]

Got caught up in house building and selling and forgot to update this in over a year. 

I removed our vehicles since we need them anyway. New house value is a guesstimate - I am refinancing and will have an appraisal soon and will update based on that. 


9/1/2021


Assets



House $275,000.00

401k $60,910.35

Rollover IRA $148,659.64

TIAA $1,981.24

DH Pension $40,712.07

Savings $59,155.00

9 acres $27,000.00



Total - $613,418.30


Liabilities

Mortgage - $224,938


Net Worth: $388,480.30

[ners]

August 2021 Update

Assets
Cash               $19,819.36
Retirement     $190,559.04
House              $80,000.00
Car                    $3,400.00
Stock                 $7,245.48
HSA                     5,351.89
Total               $306.377.75


Liabilities


Mortgage           $53,861.50
Helco                 $11,219.11
Car                      $5,338.68
Total                   $70.419.29

Net Worth          $235,956.48

Happy with the over 3500.00 increase.  Mostly due to the market.  Have to remember what goes up can come down and concentrate on paying down debt while adding to retirement.

[movinonup]

Hello everyone.
I have been tracking my debt on WIRRs for some time now.  If you look at my "progress" there, it's ugly, primarily because I recently renovated my house.  This resulted in many charges to my credit cards and a mortgage refi, among other various debts.  So I decided to post here.  This is not quite the full story.  I use Zillow to track the value of my home.  This just allows me to track relative value changes from month to month.  It's definitely not accurate since my renovation included the addition of a second floor to the house.  The house appraised at $825,000 when I refinanced.  The number is kind of irrelevant until I die since it's not liquid and I plan to live here forever.  It's a money pit at this point.  The Other Debts line is basically all related to the house.  So, I'm pretty far underwater, technically, at this point.
-movinonup

Assets
Cash	$341,563.81
Car	$10,000.00
House	$475,100.00
Retirement Accounts	$949,369.94
Non-Retirement Accounts	$109,569.98
Total Assets	$1,885,603.73
Liabilities
Revolving Credit	$44,770.92
Mortgage	$538,183.68
Student Loans	$5,487.66
Other Debts	$424,078.64
Total Liabilities	$1,012,520.90
Net Worth	$873,082.83

[Lizard Queen]

Jun 10, 2021 13:14:05 GMT -5 Lizard Queen said:

May 26, 2021 11:28:45 GMT -5 Lizard Queen said:

Closing in on $900k--possibly tomorrow (unless the market takes a dive). DH's ESOP is way up, and my payday is tomorrow.

My DH calc'd today: $915k
woohoo! We discussed throwing a party when we got $1M, getting those giant gold dollar sign necklaces from the dollar store for everyone.

DH calculated this again last night. We're actually down $7200 from his last calc, but up from my last report here: $937,000. We had some market decreases, plus a lot of mid-size expenditures that added up over the last month. Hoping to get to $1M by the time I turn 50 May. Might make the journey over the hill easier.

[minnesotapaintlady]

So, this is probably more for the saver's thread than this one, but I haven't been taking part in that one the past couple years so I'll set it here.

I just noticed my 401K will be maxed out by the 21st of 26 checks this year.  I've been maxing it for 4 years and it's gone like this;

2018 - 26 checks

2019 - 24 checks

2020 - 23 checks

2021 - 21 checks

Plus the max has gone from $18,500 in 2018 to $19,500 this year (next year it's $20,500!).

Kind of a pointless metric, the reduced time is due to allocating all raises to the 401K.  I'm just rejoicing at FIVE whole checks with nothing coming out.  I'm going to feel rich!

[Lizard Queen]

Sept 20, 2021 11:01:45 GMT -5 minnesotapaintlady said:

So, this is probably more for the saver's thread than this one, but I haven't been taking part in that one the past couple years so I'll set it here.

I just noticed my 401K will be maxed out by the 21st of 26 checks this year.  I've been maxing it for 4 years and it's gone like this;

2018 - 26 checks

2019 - 24 checks

2020 - 23 checks

2021 - 21 checks

Plus the max has gone from $18,500 in 2018 to $19,500 this year (next year it's $20,500!).

Kind of a pointless metric, the reduced time is due to allocating all raises to the 401K.  I'm just rejoicing at FIVE whole checks with nothing coming out.  I'm going to feel rich!

Do you still get the full match that way? I've read of that being an issue for some on the MMM forum.

[minnesotapaintlady]

Sept 20, 2021 12:22:13 GMT -5 Lizard Queen said:

Sept 20, 2021 11:01:45 GMT -5 minnesotapaintlady said:

So, this is probably more for the saver's thread than this one, but I haven't been taking part in that one the past couple years so I'll set it here.

I just noticed my 401K will be maxed out by the 21st of 26 checks this year.  I've been maxing it for 4 years and it's gone like this;

2018 - 26 checks

2019 - 24 checks

2020 - 23 checks

2021 - 21 checks

Plus the max has gone from $18,500 in 2018 to $19,500 this year (next year it's $20,500!).

Kind of a pointless metric, the reduced time is due to allocating all raises to the 401K.  I'm just rejoicing at FIVE whole checks with nothing coming out.  I'm going to feel rich!

Do you still get the full match that way? I've read of that being an issue for some on the MMM forum.

They claim there is a true-up contribution Q1 of the following year.  It so far has only effected me in 2019 (2020 they cut off the match mid-year anyhow).  If I look at my 401K account online there are three account types, the Employee pre-tax, Employer Safe Harbor Match and Employer Match.  The "Employer Match" account is just $206 so that's probably true-up money.

They reinstated the match at half the amount for this year (so 50% of the first 4%).  I'm kind of thinking of putting 4% in my catch-up account that I've never used so far just to make sure I get the match, but I don't know if I care that much. 

I really wish we could set our contributions by dollar amount instead of percentage. 

[tcu2003]

Sept 20, 2021 12:22:13 GMT -5 Lizard Queen said:

Sept 20, 2021 11:01:45 GMT -5 minnesotapaintlady said:

So, this is probably more for the saver's thread than this one, but I haven't been taking part in that one the past couple years so I'll set it here.

I just noticed my 401K will be maxed out by the 21st of 26 checks this year.  I've been maxing it for 4 years and it's gone like this;

2018 - 26 checks

2019 - 24 checks

2020 - 23 checks

2021 - 21 checks

Plus the max has gone from $18,500 in 2018 to $19,500 this year (next year it's $20,500!).

Kind of a pointless metric, the reduced time is due to allocating all raises to the 401K.  I'm just rejoicing at FIVE whole checks with nothing coming out.  I'm going to feel rich!

Do you still get the full match that way? I've read of that being an issue for some on the MMM forum.

My employer doesn’t actually match 401k funds until February or March the next year, so it doesn’t matter when I max. They will true up for everyone. I assume that also means that if someone stops contributing partway through the year and hasn’t maxed, they’ll get less match than the percentages would indicate from when they were contributing, but I’ve never asked and don’t need to test that theory.

[Lizard Queen]

Sept 20, 2021 12:39:11 GMT -5 minnesotapaintlady said:

Sept 20, 2021 12:22:13 GMT -5 Lizard Queen said:

Do you still get the full match that way? I've read of that being an issue for some on the MMM forum.

They claim there is a true-up contribution Q1 of the following year.  It so far has only effected me in 2019 (2020 they cut off the match mid-year anyhow).  If I look at my 401K account online there are three account types, the Employee pre-tax, Employer Safe Harbor Match and Employer Match.  The "Employer Match" account is just $206 so that's probably true-up money.

They reinstated the match at half the amount for this year (so 50% of the first 4%).  I'm kind of thinking of putting 4% in my catch-up account that I've never used so far just to make sure I get the match, but I don't know if I care that much. 

I really wish we could set our contributions by dollar amount instead of percentage. 

We can do a flat dollar amount, but I'm not sure how it is entered into our system. (I should know, being payroll backup and all, but oh well.) Some people contribute their catch-up throughout the year, too, so it's a flat $750, + a flat $250, in all 26 paychecks, which is weird, but it works out eoy.

I was also trying to figure out how to switch from post-tax to pretax midyear. Technically, I should be able to, but the system isn't straightforward about it of I can. Otherwise, I really like our payroll system.

[Lizard Queen]

Sept 20, 2021 12:51:41 GMT -5 tcu2003 said:

Sept 20, 2021 12:22:13 GMT -5 Lizard Queen said:

Do you still get the full match that way? I've read of that being an issue for some on the MMM forum.

My employer doesn’t actually match 401k funds until February or March the next year, so it doesn’t matter when I max. They will true up for everyone. I assume that also means that if someone stops contributing partway through the year and hasn’t maxed, they’ll get less match than the percentages would indicate from when they were contributing, but I’ve never asked and don’t need to test that theory.

That sucks if you leave midyear.

[minnesotapaintlady]

Sept 20, 2021 13:25:31 GMT -5 Lizard Queen said:

Sept 20, 2021 12:39:11 GMT -5 minnesotapaintlady said:

They claim there is a true-up contribution Q1 of the following year.  It so far has only effected me in 2019 (2020 they cut off the match mid-year anyhow).  If I look at my 401K account online there are three account types, the Employee pre-tax, Employer Safe Harbor Match and Employer Match.  The "Employer Match" account is just $206 so that's probably true-up money.

They reinstated the match at half the amount for this year (so 50% of the first 4%).  I'm kind of thinking of putting 4% in my catch-up account that I've never used so far just to make sure I get the match, but I don't know if I care that much. 

I really wish we could set our contributions by dollar amount instead of percentage. 

We can do a flat dollar amount, but I'm not sure how it is entered into our system. (I should know, being payroll backup and all, but oh well.) Some people contribute their catch-up throughout the year, too, so it's a flat $750, + a flat $250, in all 26 paychecks, which is weird, but it works out eoy.

I was also trying to figure out how to switch from post-tax to pretax midyear. Technically, I should be able to, but the system isn't straightforward about it of I can. Otherwise, I really like our payroll system.

We do all ours through our 401K providers website (Prudential) and can mix it up.  There are 4 percentages I set.  How much into regular contribution pre-tax and post-tax and how much into Catch-up pre-tax and post tax.  Mine are all at 0% except the regular pre-tax.  They're pretty quick to change too, usually if I get to them more than 4 or 5 days before pay day the change goes through for that check.

[Rukh O'Rorke]

Sept 20, 2021 11:01:45 GMT -5 minnesotapaintlady said:

So, this is probably more for the saver's thread than this one, but I haven't been taking part in that one the past couple years so I'll set it here.

I just noticed my 401K will be maxed out by the 21st of 26 checks this year.  I've been maxing it for 4 years and it's gone like this;

2018 - 26 checks

2019 - 24 checks

2020 - 23 checks

2021 - 21 checks

Plus the max has gone from $18,500 in 2018 to $19,500 this year (next year it's $20,500!).

Kind of a pointless metric, the reduced time is due to allocating all raises to the 401K.  I'm just rejoicing at FIVE whole checks with nothing coming out.  I'm going to feel rich!

that doesn't affect your matching at all?

and crap! about the increase! Just when my company let me do $ amounts rather than percentages so I could do a round 1k/paycheck in 2022, but it was not to be! 1038.462 a pay check? 
ok - silly I know!

[Lizard Queen]

Sept 20, 2021 10:36:39 GMT -5 Lizard Queen said:

Jun 10, 2021 13:14:05 GMT -5 Lizard Queen said:

My DH calc'd today: $915k
woohoo! We discussed throwing a party when we got $1M, getting those giant gold dollar sign necklaces from the dollar store for everyone.

DH calculated this again last night. We're actually down $7200 from his last calc, but up from my last report here: $937,000. We had some market decreases, plus a lot of mid-size expenditures that added up over the last month. Hoping to get to $1M by the time I turn 50 May. Might make the journey over the hill easier.

Spoke too soon. My DH says we went down $6000 today. 😕

[Ava]

Here's my update for September 30, 2021

Assets

Condo $85,000 per Zillow
Car $15,000 per Kelley Blue Book
Savings Account $6,000
HSA $26,000
Retirement Accounts (IRA, Roth IRA and 401K) $221,000

Total Assets $353,000

Liabilities

Mortgage Balance $52,000
Car Loan $14,000
Student Loan $77,000
Credit Card $1,000

Total Liabilities $144,000

Net Worth 9/30/21 $209,000

Net Worth 5/27/21 $196,000


I have credit card debt which I rounded to $1,000 but it's actually $740. It's the hotel stay in Maine for a week. Each time my mother visits I end up spending a lot of money. I had $8,000 in savings before she arrived. So I've spent $2,000 and I have the credit card bill which hasn't arrived yet.
I'll take the money from savings if necessary to clear that.

I had an increase of $13,000 in net worth from May to September. Moving slowly but in the right direction.

[aricia]

10/1/2021
Me and DH, early 40s, 2 kids
DH’s income $190,000 base plus bonus

Assets:
House: $300,000
Cash: $295,000
I bonds: $220,000
Brokerage: $105,000
401k/IRAs: $1,280,000
HSA: $35,000
529s: $70,000
Cars (4): $35,000

Net worth: $2,340,000

Brokerage includes ~$15,000 of company stock from an ESPP that we usually sell faster. It usually doesn’t show up on quarterly net worth updates except as cash.
Paychecks are small now to the end of the year due to after tax contributions to 401k. Hopefully law changes won’t be passed that prevent a rollover next year. 🤞

[buystoys]

Jul 1, 2021 15:17:47 GMT -5 buystoys said:

Ages: 57/64

Retired on disability

	Dec 31, 2020	Mar 30, 2021	Jun 30, 2021	Sep 30, 2021	Dec 31, 2021
IRA/Roth	$1016K	$1021K	$1087K	$1087K
Cash	$86K	$100K	$98K	$82K
House value	$165K	$209K	$209K	$209K
Rental value	$100L	$100K	$100k	$100K
House Mortgage	-$-80k	$-78K	$-83k	$-82K
Total	$1.287m	$1.352m	$1.412M	$1.396m

DH pension: $12.5k
DH SSDI: $21k
Me SSDI: $30k

I'm not increasing the house or rental value even though Zillow and Realtor.com both have them as worth more.  We have been spending money on home projects, so that's where our decrease has come from.