WIR Net Worth Board

[minnesotapaintlady]

Jan 24, 2022 16:30:14 GMT -5 Lizard Queen said:

Yeah, I was gonna say, do yourself a favor and don't look

What do you mean?  The markets are up today. 

[Lizard Queen]

Jan 24, 2022 16:37:46 GMT -5 minnesotapaintlady said:

Jan 24, 2022 16:30:14 GMT -5 Lizard Queen said:

Yeah, I was gonna say, do yourself a favor and don't look

What do you mean?  The markets are up today. 

Damn, if that was it, I missed my buying opportunity!

[Rukh O'Rorke]

Dead cat bounce?

[Rukh O'Rorke]

Jan 24, 2022 16:37:46 GMT -5 minnesotapaintlady said:

Jan 24, 2022 16:30:14 GMT -5 Lizard Queen said:

Yeah, I was gonna say, do yourself a favor and don't look

What do you mean?  The markets are up today. 

netlfix and tesla are down, so I am down.

my main ira rollover is down 2.6% today, and it was a bloodbath for me on Friday {netflix......cough cough....netflix}

[plugginaway22]

I still haven't looked and we retired 12/31. But the plan was to live off cash for 2 years and let the markets do their thing so that's what we will do. The moving piece that is still out there is when to collect SS. If I get too scared it will be sooner.

[minnesotapaintlady]

My retirement accounts are down about 40K for the year despite putting almost 10K in in January.  Sucks, but could be a lot worse...which might be coming.  I have been thinking for a long time that I need to change may asset allocation some (right now I'm 95% stock), so this might be the kick in the tail I need to get to doing that.  I also need to get Carrot's Coverdell out of the market.  It's only about 9K (well now about 8K), but I want to use it for high school tuition in a few years.

[Rukh O'Rorke]

ok so super pissy about this. We get paid on Friday and usually the 401k hits our accounts m-w of the following week. sometimes later. It always seemed to be credit the day the share prices were highest.

Pay day was the 21st, so our 491k was creidted thrusday, the day before payday! never saw that happen. I though places stopped doing that? I remember a kerfuffle at some point.

Should I complain to HR?

ETA: could they be holding from the previous pay period to the credit, so > 2 weeks on average to post?

[minnesotapaintlady]

Jan 25, 2022 16:33:10 GMT -5 Rukh O'Rorke said:

ok so super pissy about this. We get paid on Friday and usually the 401k hits our accounts m-w of the following week. sometimes later. It always seemed to be credit the day the share prices were highest.

Pay day was the 21st, so our 491k was creidted thrusday, the day before payday! never saw that happen. I though places stopped doing that? I remember a kerfuffle at some point.

Should I complain to HR?

ETA: could they be holding from the previous pay period to the credit, so > 2 weeks on average to post?

I was curious since I get paid the same day.  I went back and looked through last year's transactions with my 401K and almost every time the contribution went through the day before payday.  There was only a few times it didn't, and then it was Monday.  So far the first two contributions of 22 were the Monday after payday. 

I know they're not holding contributions because my paycheck is different every week so it would be easy to spot.  

[Rukh O'Rorke]

Jan 25, 2022 19:57:25 GMT -5 minnesotapaintlady said:

Jan 25, 2022 16:33:10 GMT -5 Rukh O'Rorke said:

ok so super pissy about this. We get paid on Friday and usually the 401k hits our accounts m-w of the following week. sometimes later. It always seemed to be credit the day the share prices were highest.

Pay day was the 21st, so our 491k was creidted thrusday, the day before payday! never saw that happen. I though places stopped doing that? I remember a kerfuffle at some point.

Should I complain to HR?

ETA: could they be holding from the previous pay period to the credit, so > 2 weeks on average to post?

I was curious since I get paid the same day.  I went back and looked through last year's transactions with my 401K and almost every time the contribution went through the day before payday.  There was only a few times it didn't, and then it was Monday.  So far the first two contributions of 22 were the Monday after payday. 

I know they're not holding contributions because my paycheck is different every week so it would be easy to spot.  

oh yeah - I did change contributions so it was not held. They have never done the day before payday, never. It is always monday/tuesday and sometimes wed or even thursday after.

[Lizard Queen]

I'm payroll backup and do pr a few times/year. Our pay periods end on Saturday, PR is begun Monday and finalized Tuesday for a Thursday payday. I believe the deadline for retirement funds are Wednesday, but are normally done on Tuesday as well. I'm not sure exactly when that translates into purchases of securities within your account, but I could see a lag happening there. Also, there could be errors that pop up in the transmission, delaying the day it actually hits your account. There's probably agreements that indicate all the deadlines, but I'm only a backup so I don't read them. The actual paycheck is the most important to hit exactly on time, for obvious reasons.

ETA: sorry I forgot to get to the point. They could be sending the funds earlier than actually required (our Tuesday vs. Wed), meaning it normally hits your account earlier than actually required.
Possibly.

[minnesotapaintlady]

I tagged out with Carrot's ESA account today.  Sold it all.  Looks like the highest it had gotten was $8781 and I'm hoping to walk away with about $8100.   Should have sold it in November, but whatever.  I had only contributed $4900 and had taken $1600 out in 2020 for tuition, so I pretty much doubled my money.  I wasn't going to tap it until high school when tuition goes up, but I'm thinking of starting to use it this year to free up other funds for me that have a longer time horizon.

[ners]

January Update  

Net Worth down by around 10,000.00.  Oh well just keep plugging along paying down debt and saving a bit for emergency and retirement.

Assets

Cash              20,071.86
Retirement    182,816.80
House             80,000.00
Car                   2,900.00
Stock                 7,108.28
HSA                 $6,716.97

Total Assets      299,613.91

Liabilities

Mortgage           53,090.34
Helco                 10,204.41
Car                      4,360.38

Total Liabilities   67,655.13


Net Worth  $231,958.78

[minnesotapaintlady]

Starting out 2022 a little rocky.   

Mortgage - $79,838
CC debt - $2600

Total Debt $82,438

Cash and Savings - $45,931
529s - $68,419
Retirement - $795,169
House - $300,000

Total Assets $1,209,519

Net Worth $1,127,081.00  (up $153,570 since Jan 2021...so I don't have to put how much it's down since Jan 2022!)

[myrrh]

You are brave MPL. I still want to stick my fingers in my ears and yell "LALALA!" But I suppose I ought to look, don't want to break my monthly updates...ugh!

[minnesotapaintlady]

Feb 1, 2022 10:25:23 GMT -5 myrrh said:

You are brave MPL. I still want to stick my fingers in my ears and yell "LALALA!" But I suppose I ought to look, don't want to break my monthly updates...ugh!

It actually wasn't that bad. NW down about 3.4% since Jan 1st.

[Rukh O'Rorke]

update

	April 2 2021	June 2 2021	July 3, 2021	September 1, 2021	October 12, 2021	October 25, 2021	Dec 31/Jan 1st	Feb 3 2021
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	1,530,246.79
Roth	$197,893.19	187,127.73	188,100.19	$192,394.09	$195,860.62	219,552.02	224,473.17	196,767.39
I-bonds					$6,105.56	6,205.56	10,020.48	15,057.24
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	42,045.28
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	$1,784,116.7

so I really needed to face this music......it's really a glass 3/4 full, more like 7/8th full, so silly to be so disappointed.

I was checking balances daily, waiting with bated breath for the day I could resign. That is looking far less likely to occur this year, but you never know. I continue to prepare by putting more money into safer, more stable vehicles, such as the ibonds and dividend stocks.

Keep working, keep shoveling money into the accounts, keep on keeping on.

[Rukh O'Rorke]

Feb 1, 2022 11:15:50 GMT -5 minnesotapaintlady said:

Feb 1, 2022 10:25:23 GMT -5 myrrh said:

You are brave MPL. I still want to stick my fingers in my ears and yell "LALALA!" But I suppose I ought to look, don't want to break my monthly updates...ugh!

It actually wasn't that bad. NW down about 3.4% since Jan 1st.

I'm down 12%, but framing it that way seems more palatable. Rather than losing a quarter of a million dollars!

I have chosen the more volatile route of investments, so I have to be ok with bigger dips to get to the higher reward part of it. Still liking my mix and holding out for those rewards.....2022, 2023, 2024, or whenever they may show up.

But I don't know how long I can hold out with this job! 

For now, taking it day by day.

[CCL]

How do you all keep track of your net worth? Spreadsheets or something else?

[buystoys]

I have a word document I update every quarter. 

[minnesotapaintlady]

Feb 3, 2022 19:09:14 GMT -5 CCL said:

How do you all keep track of your net worth? Spreadsheets or something else?

I have an Excel spreadsheet with many, MANY tabs for personal finance stuff.  Everything from budget to retirement projecting to college expenses is all in that workbook.  There is one tab for net worth.   But, I also enter everything in here.

networthshare.com/

It was introduced here many years ago, so there's quite a few YM folks on there still I think. 

[tcu2003]

Feb 3, 2022 19:35:39 GMT -5 minnesotapaintlady said:

Feb 3, 2022 19:09:14 GMT -5 CCL said:

How do you all keep track of your net worth? Spreadsheets or something else?

I have an Excel spreadsheet with many, MANY tabs for personal finance stuff.  Everything from budget to retirement projecting to college expenses is all in that workbook.  There is one tab for net worth.   But, I also enter everything in here.

networthshare.com/

It was introduced here many years ago, so there's quite a few YM folks on there still I think. 

Similar for me. I have a spreadsheet (but only one tab - it's basic) where I add a column for each month, and track all my accounts there. I then update networthshare every month - love the graph function there!

[tcu2003]

Updated our NW tonight on the 31st, but am just now posting.

Here is my January 2022 update:

ASSETS:
Checking/Savings: $260,742
House: $512,700
Retirement: $1,802,033 (down 10% - blergh)
Brokerage: $5,594
529s: $80,136

DEBTS:
$0

Total NW: $2,661,205

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.

Looking back at my December comments, I did fund the backdoor Roth IRAs for DH and me in January (which makes the decreased retirement accounts all the more depressing). I also funded half of what I will likely fund for the kids 529 accounts this month to use up some of our cash. I'll probably do the other half this month (we typically add up to what our state allows us to deduct for each kid state taxes).

DH is almost done with purchases for the basement remodel, so I need to look at some taxable investments in the next two months and make that happen.

[tcu2003]

Where does everyone keep their taxable accounts? I have an e-trade account with my meager $5k in it that I started like 19 years ago and haven't touched in 18 years, and our Roth IRAs are both in Vanguard. Should I just go with Vanguard? Is there a better option? 

[buystoys]

I have my taxable in Wellington at Vanguard.  It's not the most tax efficient, but it's the AA I want and I don't have to rebalance it.

[minnesotapaintlady]

My taxable account is in VTI at Vanguard.  It's only 10K and just throws off about $100/year in dividends, so pretty tax efficient.  I don't plan to retire before 55 when I can access my 401K, so haven't been putting a lot of priority on the taxable account.  I haven't been having the most fun with my kid's taxable accounts and all the taxes they've been having to pay, but they're in managed funds.   Index funds don't do that.

[Rukh O'Rorke]

Feb 4, 2022 9:55:57 GMT -5 tcu2003 said:

Where does everyone keep their taxable accounts? I have an e-trade account with my meager $5k in it that I started like 19 years ago and haven't touched in 18 years, and our Roth IRAs are both in Vanguard. Should I just go with Vanguard? Is there a better option? 

I have vanguard and tdameritrade.

prefer tdameritrade. more info, easier use

[tcu2003]

Feb 4, 2022 10:08:23 GMT -5 Rukh O'Rorke said:

Feb 4, 2022 9:55:57 GMT -5 tcu2003 said:

Where does everyone keep their taxable accounts? I have an e-trade account with my meager $5k in it that I started like 19 years ago and haven't touched in 18 years, and our Roth IRAs are both in Vanguard. Should I just go with Vanguard? Is there a better option? 

I have vanguard and tdameritrade.

prefer tdameritrade. more info, easier use

Might have to look at tdameritrade - I definitely don't find vanguard's website the most user friendly. It seems to always take me a few minutes of poking around to try to figure out how to move funds around from my regular IRA to the backdoor Roth rollover. 

[saveinla]

Feb 4, 2022 11:59:45 GMT -5 tcu2003 said:

Feb 4, 2022 10:08:23 GMT -5 Rukh O'Rorke said:

I have vanguard and tdameritrade.

prefer tdameritrade. more info, easier use

Might have to look at tdameritrade - I definitely don't find vanguard's website the most user friendly. It seems to always take me a few minutes of poking around to try to figure out how to move funds around from my regular IRA to the backdoor Roth rollover. 

Fidelity website is very easy to use - especially for the regular to Roth.
Vanguard's app seems to be much more user friendly than their website.

[minnesotapaintlady]

Feb 4, 2022 12:06:48 GMT -5 saveinla said:

Feb 4, 2022 11:59:45 GMT -5 tcu2003 said:

Might have to look at tdameritrade - I definitely don't find vanguard's website the most user friendly. It seems to always take me a few minutes of poking around to try to figure out how to move funds around from my regular IRA to the backdoor Roth rollover. 

Fidelity website is very easy to use - especially for the regular to Roth.
Vanguard's app seems to be much more user friendly than their website.

I think eventually I'm going to move everything of mine to Fidelity for simplicity, especially since my primary credit card is there and you can open a cash management account with them.  I should just do it now and be done, but I have this nagging worry about having all my eggs in one basket.

[saveinla]

Feb 4, 2022 12:11:01 GMT -5 minnesotapaintlady said:

Feb 4, 2022 12:06:48 GMT -5 saveinla said:

Fidelity website is very easy to use - especially for the regular to Roth.
Vanguard's app seems to be much more user friendly than their website.

I think eventually I'm going to move everything of mine to Fidelity for simplicity, especially since my primary credit card is there and you can open a cash management account with them.  I should just do it now and be done, but I have this nagging worry about having all my eggs in one basket.

I too have the same idea but the same worry too - both our 401K are at Fidelity right now, so its much easier - maybe in a few years like you say.