ners
Junior Associate
Joined: Dec 23, 2010 16:21:18 GMT -5
Posts: 6,662
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Post by ners on Jan 1, 2022 14:21:19 GMT -5
December update
Assets
Cash 20,021.44
Retirement 193,148.79
House 80,000.00
Car 3,000.00
Stock 7,480.02
HSA 6,497.02
Total Assets 310,147.27
Liabilities
Mortgage 53,249.88
Helco 10,415.37
Car 4,567.64
Total Liabilities 68,232.89
Net Worth 241,914.38
Happy with progress up over 33000 from beginning of year.
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aricia
Junior Member
Joined: May 18, 2011 13:36:32 GMT -5
Posts: 170
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Post by aricia on Jan 1, 2022 14:25:02 GMT -5
Updated our NW tonight, which clearly means I have nothing better to do on NYE...  Here is my December 2021 update: ASSETS: Checking/Savings: $271,653 House: $512,700 Retirement: $2,004,394 Brokerage: $5,907 529s: $83,334k Company Stock: $0 DEBTS: Company Stock Loan (to shareholder I'm buying stock from, at 0.52% for 7 years): $0 Total NW: $2,877,989 As usual, the list above excludes our cars, which are worth around 2 million in retirement savings, congratulations! Do you mind sharing your retirement plans? |
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Ava
Senior Member
Joined: Jan 30, 2011 12:23:55 GMT -5
Posts: 4,319
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Post by Ava on Jan 1, 2022 16:18:47 GMT -5
Here's my update for January 1, 2022
Assets
Condo $87,700 per Zillow
Car $17,000 per Kelley Blue Book
Savings Account $8,000
HSA $27,000- estimate. Our company changed the HSA entity and I cannot login. Need to figure this out.
Retirement Accounts (IRA, Roth IRA and 401K) $236,000
Total Assets $375,700
Liabilities
Mortgage Balance $52,000
Car Loan $13.400
Student Loan $77,000
Total Liabilities $142,400
Net Worth 1/1/22 $233,300
Net Worth 9/30/21 $209,000
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tcu2003
Senior Member
Joined: Dec 31, 2010 15:24:01 GMT -5
Posts: 4,959
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Post by tcu2003 on Jan 1, 2022 19:58:18 GMT -5
2 million in retirement savings, congratulations! Do you mind sharing your retirement plans? Thanks! What are you looking for? The breakdown between the different retirement accounts or what we’re invested in. |
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aricia
Junior Member
Joined: May 18, 2011 13:36:32 GMT -5
Posts: 170
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Post by aricia on Jan 1, 2022 20:06:00 GMT -5
2 million in retirement savings, congratulations! Do you mind sharing your retirement plans? Thanks! What are you looking for? The breakdown between the different retirement accounts or what we’re invested in. Do you have a number in mind that you would retire at? Are you planning on retiring early? Around what age? |
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aricia
Junior Member
Joined: May 18, 2011 13:36:32 GMT -5
Posts: 170
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Post by aricia on Jan 1, 2022 20:12:00 GMT -5
1/1/2022
Me and DH, early 40s, 2 kids
DH’s income $190,000 base plus bonus
Assets:
House: $300,000
Cash: $290,000
I bonds: $220,000
Brokerage: $110,000
401k/IRAs: $1,390,000
HSA: $35,000
529s: $70,000
Cars (4): $35,000
Net worth: $2,450,000
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.
Net worth is up $400,000 from one year ago.
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Rukh O'Rorke
Senior Associate
Joined: Jul 4, 2016 13:31:15 GMT -5
Posts: 10,359 
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Post by Rukh O'Rorke on Jan 2, 2022 16:04:51 GMT -5
Final 2021 update!
| April 2 2021 | June 2 2021 | July 3, 2021 | September 1, 2021 | October 12, 2021 | October 25, 2021
| Dec 31/Jan 1st | | 401k and rollovers | $1,304,844.84
| $1,282,158.98
| 1,379,620.42
| $1,485,897.26
| $1,542,764.63
| 1,737,764.77
| 1,754,854.86
| | Roth | $197,893.19
| 187,127.73
| 188,100.19
| $192,394.09
| $195,860.62
| 219,552.02
| 224,473.17
| | I-bonds |
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| $6,105.56 | 6,205.56
| 10,020.48
| | Other: EF, ESOP, HSA | $49,159.49
| 49,362.64
| 50,381.5
| $39,887.91
| $39,423.40
| 40,537.85
| 40,828.10
| | Total |
$1,551,897.52
| $1,518,649.35
| 1,618,102.11
| $1,718,179.26
| $1,784,154.21
| $2,004,060.20
| 2,030,176.48
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Glad to be ending 2021 on a positive financial foot and back above 2M. Hitting this milestone was so unexpected but boy it hurt when I lost it!! I still dream everyday of retiring, but need to just keep plugging away and get all my ducks in row. 2022 is my year to set myself up to retire - if the markets and tesla prices hold - in terms of all those non-financial aspects but they still cost money. Home, car, and health - things like that - and making sure all is ready before pulling the plug, etc.
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Rukh O'Rorke
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Joined: Jul 4, 2016 13:31:15 GMT -5
Posts: 10,359
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Post by Rukh O'Rorke on Jan 2, 2022 16:28:13 GMT -5
Stepping into the new year on a good note! Mortgage - $80,156 CC debt - $0 Total Debt $80,156Cash and Savings - $53,230 529s - $70,475 Retirement - $821,344 House - $300,000 Total Assets $1,245,049Net Worth $1,164,893Increase of $191,382 since January of 2021!! Holy cow! It's really going to suck seeing numbers that big in the negative if the market turns.  I trudged through the 2000 and 2008 crashes without being too bent out of shape because 20-30% of 100K? Meh.  let's not think of that now.....let's be hopeful. |
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Rukh O'Rorke
Senior Associate
Joined: Jul 4, 2016 13:31:15 GMT -5
Posts: 10,359
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Post by Rukh O'Rorke on Jan 2, 2022 16:29:06 GMT -5
December update Assets Cash 20,021.44 Retirement 193,148.79 House 80,000.00 Car 3,000.00 Stock 7,480.02 HSA 6,497.02 Total Assets 310,147.27 Liabilities Mortgage 53,249.88 Helco 10,415.37 Car 4,567.64 Total Liabilities 68,232.89 Net Worth 241,914.38 Happy with progress up over 33000 from beginning of year. That is a huge percent increase! Congrats and well done!  |
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Rukh O'Rorke
Senior Associate
Joined: Jul 4, 2016 13:31:15 GMT -5
Posts: 10,359
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Post by Rukh O'Rorke on Jan 2, 2022 16:31:25 GMT -5
Here's my update for January 1, 2022 AssetsCondo $87,700 per Zillow Car $17,000 per Kelley Blue Book Savings Account $8,000 HSA $27,000- estimate. Our company changed the HSA entity and I cannot login. Need to figure this out. Retirement Accounts (IRA, Roth IRA and 401K) $236,000 Total Assets $375,700
LiabilitiesMortgage Balance $52,000 Car Loan $13.400 Student Loan $77,000 Total Liabilities $142,400Net Worth 1/1/22 $233,300Net Worth 9/30/21 $209,000
Ava, you've been making amazing progress! |
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ners
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Joined: Dec 23, 2010 16:21:18 GMT -5
Posts: 6,662
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Post by ners on Jan 2, 2022 16:34:18 GMT -5
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Post by minnesotapaintlady on Jan 2, 2022 16:36:24 GMT -5
Stepping into the new year on a good note! Mortgage - $80,156 CC debt - $0 Total Debt $80,156Cash and Savings - $53,230 529s - $70,475 Retirement - $821,344 House - $300,000 Total Assets $1,245,049Net Worth $1,164,893Increase of $191,382 since January of 2021!! Holy cow! It's really going to suck seeing numbers that big in the negative if the market turns. I trudged through the 2000 and 2008 crashes without being too bent out of shape because 20-30% of 100K? Meh. let's not think of that now.....let's be hopeful. Honestly wouldn't be the worst thing (for me anyhow). A few down years to buy then let it build up again. I would feel differently if retirement wasn't another 6-7 years off. |
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tcu2003
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Joined: Dec 31, 2010 15:24:01 GMT -5
Posts: 4,959
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Post by tcu2003 on Jan 2, 2022 18:25:27 GMT -5
Do you have a number in mind that you would retire at? Are you planning on retiring early? Around what age? No set number in mind. DH is 45 and I am 40, and our kids are in 4th grade and kindergarten. DH wants to retire at 60, and I want the option to retire when he does, though I’m guessing I at least work another year after him. We’re both engineers, and don’t have physically demanding jobs, so as long as I’m still enjoying my job, I’ll probably keep working, at least part-time (which would be an option at my current employer). We actually just met a few weeks ago with a financial planner that is a benefit of the 401k company that work uses. He ran a bunch of modeling based on projections out from where we are now, what we’re continuing to add to 401k and IRAs (plus kids 529 - he also modeled the funding the kids’ college tuition), and except for a few of the worst case scenarios, we should be fine. The kicker for us is healthcare - that was going to cost way more than I thought (though to be fair, I haven’t really thought about it). |
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Ava
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Joined: Jan 30, 2011 12:23:55 GMT -5
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Post by Ava on Jan 3, 2022 9:00:18 GMT -5
Here's my update for January 1, 2022 AssetsCondo $87,700 per Zillow Car $17,000 per Kelley Blue Book Savings Account $8,000 HSA $27,000- estimate. Our company changed the HSA entity and I cannot login. Need to figure this out. Retirement Accounts (IRA, Roth IRA and 401K) $236,000 Total Assets $375,700
LiabilitiesMortgage Balance $52,000 Car Loan $13.400 Student Loan $77,000 Total Liabilities $142,400Net Worth 1/1/22 $233,300Net Worth 9/30/21 $209,000
Ava, you've been making amazing progress! Thank you  It feels like a lot of sacrifice, especially maxing out retirement savings. And I know it's moving in the right direction, it just feels very slow going. The two decisions I've made are first, not to add any more debt. I would love to move closer to the ocean, but it would mean a higher mortgage, so I stay put. Second, max out retirement savings. I cannot pay extra on any of the debt, but I make monthly payments on the car loan and the mortgage, and will pay on the SL when required, so total debt is going down. Not adding debt helps. And max out retirement. That's all I can do right now. |
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aricia
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Joined: May 18, 2011 13:36:32 GMT -5
Posts: 170
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Post by aricia on Jan 3, 2022 10:43:12 GMT -5
Do you have a number in mind that you would retire at? Are you planning on retiring early? Around what age? No set number in mind. DH is 45 and I am 40, and our kids are in 4th grade and kindergarten. DH wants to retire at 60, and I want the option to retire when he does, though I’m guessing I at least work another year after him. We’re both engineers, and don’t have physically demanding jobs, so as long as I’m still enjoying my job, I’ll probably keep working, at least part-time (which would be an option at my current employer). Thank you for answering! Sounds like you enjoy your jobs and your retirement is more based on your age then having the $. That’s great! DH is also an engineer but he would retire the day I said we had enough money. 😂 I think we’ll have plenty by the time he’s 52, which will be around when our youngest graduates from high school. Healthcare and college costs (and poor market returns!) might cause him to work longer though. He would really like to have the option to retire by 55 and that seems very doable. I’m waiting for the day Rukh O'Rorke retires, or switches over to her side hustle! So excited for her! |
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Rukh O'Rorke
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Joined: Jul 4, 2016 13:31:15 GMT -5
Posts: 10,359
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Post by Rukh O'Rorke on Jan 3, 2022 14:12:44 GMT -5
Ava, you've been making amazing progress! Thank you It feels like a lot of sacrifice, especially maxing out retirement savings. And I know it's moving in the right direction, it just feels very slow going. The two decisions I've made are first, not to add any more debt. I would love to move closer to the ocean, but it would mean a higher mortgage, so I stay put. Second, max out retirement savings. I cannot pay extra on any of the debt, but I make monthly payments on the car loan and the mortgage, and will pay on the SL when required, so total debt is going down. Not adding debt helps. And max out retirement. That's all I can do right now. I had many years when I couldn't even do that. I remember being so proud of myself when I got to $300 in my first 401k. And I was already well into my 30's. I hit 100k when I was in my 40's. The more you have in there, the quicker it grows. Keep on your path and you will get where you want to be. |
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Rukh O'Rorke
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Joined: Jul 4, 2016 13:31:15 GMT -5
Posts: 10,359
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Post by Rukh O'Rorke on Jan 3, 2022 14:14:47 GMT -5
No set number in mind. DH is 45 and I am 40, and our kids are in 4th grade and kindergarten. DH wants to retire at 60, and I want the option to retire when he does, though I’m guessing I at least work another year after him. We’re both engineers, and don’t have physically demanding jobs, so as long as I’m still enjoying my job, I’ll probably keep working, at least part-time (which would be an option at my current employer). Thank you for answering! Sounds like you enjoy your jobs and your retirement is more based on your age then having the $. That’s great! DH is also an engineer but he would retire the day I said we had enough money. 😂 I think we’ll have plenty by the time he’s 52, which will be around when our youngest graduates from high school. Healthcare and college costs (and poor market returns!) might cause him to work longer though. He would really like to have the option to retire by 55 and that seems very doable. I’m waiting for the day Rukh O'Rorke retires, or switches over to her side hustle! So excited for her! Thank you aricia!! Feels a lot closer today. Telsa is up 12%, I'm a bit afraid to check my numbers. Don't want to get all excited and then have them go down again. |
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Ava
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Joined: Jan 30, 2011 12:23:55 GMT -5
Posts: 4,319
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Post by Ava on Jan 3, 2022 14:26:36 GMT -5
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tcu2003
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Joined: Dec 31, 2010 15:24:01 GMT -5
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Post by tcu2003 on Jan 3, 2022 14:28:39 GMT -5
mpl's post inspired me to go compare our 12/31/2020 numbers to the 12/31/2021 numbers.
12/2020: $2,254,715
12/2021: $2,877,989
That's an increase of over 27% in one year - hello, market gains! Also my big increase in company stock before I had to sell for the ESOP, and I updated our house value for the first time since we purchased 7 year ago (I went with what the county appraised it at, which should be slightly less but close to what it would sell for, if we decided to sell).
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myrrh
Established Member
Joined: Apr 12, 2011 22:55:14 GMT -5
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Post by myrrh on Jan 3, 2022 16:20:22 GMT -5
Update as of
Dec 1, 2021
Roth: $177,104.34
TIRA: $39,115.69
457: $160,692.85
Taxable: $66,521.24
Total: $443,434.12
Dec 1, 2020
Roth: $142,005.99
TIRA: $38,989.18
457: $121,644.63
Taxable: $56,361.51
Total: $359,001.31
Difference: $84,432.82
Contributions: $25,500 (457 and Roth)
Interestingly, by the end of the year I was up to a total of $461k! Wow. I know I said this last year but this year I hope to be a half millionaire plus (ha) and think that the 457 will eclipse the Roth.
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Rukh O'Rorke
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Joined: Jul 4, 2016 13:31:15 GMT -5
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Post by Rukh O'Rorke on Jan 3, 2022 18:50:09 GMT -5
mpl's post inspired me to go compare our 12/31/2020 numbers to the 12/31/2021 numbers. 12/2020: $2,254,715 12/2021: $2,877,989 That's an increase of over 27% in one year - hello, market gains! Also my big increase in company stock before I had to sell for the ESOP, and I updated our house value for the first time since we purchased 7 year ago (I went with what the county appraised it at, which should be slightly less but close to what it would sell for, if we decided to sell). I looked at this too. although - I have only been including liquid assets as I've mentioned before. My gain year over year was 32%. |
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shanendoah
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Mini-Profile Name Color: 0c3563
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Post by shanendoah on Jan 3, 2022 19:53:20 GMT -5
Here for my quarterly new worth update. Yay for contributions and market growth. Though I am now also tracking total net worth and net worth minus our physical assets (house, timeshare, vehicles). Our total net worth has almost doubled from this time last year, which is exciting, but also has a lot to do with housing prices here.
Age: Shanendoah- 46; C-47
Income: ~$133k/yr
Mortgage: $505,748
Car Note: $29,300
Furnace: $886
HELOC: $8,903
Debts Total: $544,837
Savings: $15,865
S Retirement Accounts: $312,321
C Retirement Accounts: $49,578
House: $941,135
Timeshare: $1,500
Car: $25,000
Assets Total: $1,345,399
Net Worth: $800,562 / $377,765
Previous : $729,564
Change: $70,998
January 2021 Net Worth: $543,619
Difference: $256,943
Growth: 147.27%
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azucena
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Post by azucena on Jan 7, 2022 12:21:53 GMT -5
Pulled together my info this morning...Azucena and DH age 40, DD11 and DD7
Income
Azucena 165,000
Azucena bonus 28,500
DH 27,000
Total 220,500
Assets 12/27/2019
Savings 66,324
House Value 300,000
401k 383,000
DH 401k 25,000 guessing
Stock options 34,297
HRA 25,655
834,277
Debts
Mortgage 264,000
Net Worth 570,277
Notes - my salary increased rapidly over the past few years as I passed actuarial exams. In 2009 I made 55k, in 2015 I crossed 100k. I don't plan to continue upward so expect it to earn about $200k/yr in income and bonus. - I'm very proud that as our income has grown, we have put it to good use maxing my 401k for the 4th year, increasing savings, paying off student loans, car loans, and replacing a car with cash. I attribute this to what I've been able to learn from YM over the years. - need to split between 401k, roth 401k and roth IRA because the majority is 401k pretax money and I'd like to even it out - My job offers a pension that I'm still accruing credits for. Current payout if I stopped working today is 1000/month. I didn't include it above since I wasn't sure how to value it. Using the $1000/100*18,000 from a link someone posted above gives me $180k. This seems like an okay estimate as I had been doing a quick and dirty calc of $1000*12*20 = $240,000 assuming I retire at 60 and live to 80. With my DH having poorer health, I'm more likely to take a survivorship benefit but we'll figure that out later. - I didn't include vehicles because we drive a 2006 and 2011 that won't be worth much when we are done with them  They will be replaced for used vehicles in the $15k range which is currently sitting in our savings account.
- house is likely worth closer to $350k but prefer using $300k to account for fluctuations
I guess I didn't update in 2020, so my progress looks even better compared to 2019 Azucena and DH age 42, DD13 and DD9 Income
Azucena 173,000
Azucena bonus 23,000
DH 30,000
Total 226,000
Assets 12/31/2022
Savings 96,820
House Value 380,000 (redfin says 390k)
401k 622,016
DH 401k 24,704 DH Securian 8,011 DH Capital 18,971 DH Roth IRA 16,215
HRA 32,813
Stock options 0 (realized they won't vest until 3/2022 and our rough life ins claims yrs have diminished this payout significantly)
1,199,550
Debts
Mortgage 229,000 (at 2.58% with payoff 4/2035)
Net Worth $970,550 Azucena current pension estimate $1100/month and still accruing credits So, so close to that magical $1M number and so, so proud of what DH and I have accomplished especially in comparison with our families of origin and also where we started as a couple. I'm definitely starting to see the set it and forget it method paying off. It's steamrolling even faster since we've been very conscious to not completely forget it but rather to continue to increase savings. I posted in the savers thread that I just put in payroll deduction for $10k to go into post-tax funds. Our goal of early retirement at 60 seems completely achievable.
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tcu2003
Senior Member
Joined: Dec 31, 2010 15:24:01 GMT -5
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Post by tcu2003 on Jan 7, 2022 13:56:05 GMT -5
First world problems, but annoyed with our 401k provider website. We changed DH's 401k contributions to 100% in December to get as close as we could to the max of $10k in the post-tax funds (his 401k was already maxed, but didn't max until end of November when he received his bonus - don't worry, he still gets the max match - our company doesn't deposit the 401k match until February of the following year). Anyway, I've been trying for over a week to revise it before the first 2022 paycheck hits next Friday so that his 401k contributions aren't at 0%, and move the post-tax % down to 0. I get an error every time. I involved our CFO a few days ago, and it's supposedly fixed (they were able to go through the provider rep we have), but it's still showing up as 100% to post-tax account and 0% to the 401k. Annoying. I just confirmed with our payroll person, and she said she'll make sure it's fixed so fingers crossing that's all it takes.
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CCL
Junior Associate
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Posts: 7,711
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Post by CCL on Jan 7, 2022 23:13:49 GMT -5
Wow! You all are doing great!
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movinonup
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Joined: Feb 7, 2013 7:44:03 GMT -5
Posts: 318 
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Post by movinonup on Jan 9, 2022 12:24:41 GMT -5
Hello everyone. Happy New Year! I'm finally getting around to posting my New Year's Day numbers. I know that next month I will owe more for Student Loans. Hopefully my assets will appreciate to offset the increased debt and my Net Worth continues to increase. Time will tell. -movinonup | Assets | 12/02/2021 | 01/01/2022 | | Cash | $219,053.88 | $215,168.77 | | Car | $10,000.00 | $10,000.00 | | House | $466,800.00
| $466,700.00 | | Retirement Accounts | $952,422.51 | $982,492.32 | | Non-Retirement Accounts | $114,736.47 | $116,257.39 | | Total Assets | $1,763,012.86 | $1,790,618.49 | | Liabilities |
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| | Revolving Credit | $33,420.93 | $34,503.49 | | Mortgage | $535,441.42 | $534,522.57 | | Student Loans | $15,447.41 | $15,198.66 | | Other Debts | $276,563.60 | $275,762.43 | | Total Liabilities | $860,873.36 | $859,987.15 | | Net Worth | $902,139.50 | $930,631.34 |
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tcu2003
Senior Member
Joined: Dec 31, 2010 15:24:01 GMT -5
Posts: 4,959
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Post by tcu2003 on Jan 9, 2022 22:14:51 GMT -5
Hello everyone. Happy New Year! I'm finally getting around to posting my New Year's Day numbers. I know that next month I will owe more for Student Loans. Hopefully my assets will appreciate to offset the increased debt and my Net Worth continues to increase. Time will tell. -movinonup | Assets | 12/02/2021 | 01/01/2022 | | House | $466,800.00
| $466,700.00 | | Liabilities |
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| | Mortgage | $535,441.42 | $534,522.57 |
Out of curiosity, if you're willing to share, is there a story behind why your mortgage is more than the value of your house? |
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movinonup
Established Member
Joined: Feb 7, 2013 7:44:03 GMT -5
Posts: 318
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Post by movinonup on Jan 9, 2022 22:30:57 GMT -5
Hello everyone. Happy New Year! I'm finally getting around to posting my New Year's Day numbers. I know that next month I will owe more for Student Loans. Hopefully my assets will appreciate to offset the increased debt and my Net Worth continues to increase. Time will tell. -movinonup | Assets | 12/02/2021 | 01/01/2022 | | House | $466,800.00
| $466,700.00 | | Liabilities |
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| | Mortgage | $535,441.42 | $534,522.57 |
Out of curiosity, if you're willing to share, is there a story behind why your mortgage is more than the value of your house? I use the zestimate on Zillow for the value of my house. I have completed an addition to my house, and Zillow has yet to catch up. I think the appraisal for the new mortgage came in at about $800k. House value is almost irrelevant since I pretty much plan to die in this house. Hopefully the dying part won't happen for a long time. -movinonup |
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Rukh O'Rorke
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Post by Rukh O'Rorke on Jan 24, 2022 11:59:42 GMT -5
I'm down about 500k since Jan 1! 500K!!!!! Good thing I didn't quit!! But oh my, it hurts thinking retirement isn't around the corner anymore  ok, buckle in and buckle up and keep on keep on.....Back to worker bee with something to lose..... |
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Lizard Queen
Senior Associate
103/2024
Joined: Jan 17, 2011 22:19:13 GMT -5
Posts: 14,659
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Post by Lizard Queen on Jan 24, 2022 16:30:14 GMT -5
Yeah, I was gonna say, do yourself a favor and don't look
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