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Post by minnesotapaintlady on Oct 1, 2022 9:46:09 GMT -5
Ouch. Hung on to the second comma though! (barely).
Just keep swimming...just keep swimming...
Mortgage - $77,268 CC debt - $2,170 Total Debt $79,438Cash and Savings - $52,404 529s - $59,306 Retirement - $673,218 House - $300,000 Total Assets $1,084,928Net Worth $1,005,490 (down about 6.5% from Sept 1)
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tcu2003
Senior Member
Joined: Dec 31, 2010 15:24:01 GMT -5
Posts: 4,960
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Post by tcu2003 on Oct 1, 2022 9:51:23 GMT -5
Question for this group (and not trying to brag - I know the ridiculously fortunate position we are in - both DH and I come from parents with very modest means, so not something anyone in our family can give helpful advice on). We have contributed the max to each kid's 529 account that we will get a state tax deduction on ($6k/kid). C is a 5th grader and has $39.5k in his account (was $46k a couple of months ago, but stock market), and M is a 1st grader and has $27.4k in her account. We plan to keep contributing the max we can get the state tax deduction on until they graduate, and as they get closer to graduation, will move the money into more conservative investments in the 529. In our shoes, would you go ahead and add more to the 529 (especially right now since stocks are "on sale"), or just keep adding to the brokerage account and use that/cash flow anything the 529 doesn't cover?
FWIW, DH went to a nearby state university and I went private, but planning to send our kids to state university unless they have enough in scholarships and 529s to cover private as we should be able to cover state. I was able to get out of private school with minimal student loans because neither of my parents had a 4-year degree, lower income so I got a ton of grants, and scholarships. My kids will almost certainly not be eligible for any grants (which I don't have an issue with, just making it clear).
It feels like adding to our brokerage account is probably the right move, but wasn't sure if there was something I may be missing.
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Post by minnesotapaintlady on Oct 1, 2022 10:33:54 GMT -5
tcu2003 - I agree with you. I wouldn't contribute more than what you get the tax break on to the 529s. That's still going to end up being a good chunk of change and I'm assuming you could probably cash flow quite a bit too. I know some people are unconcerned with overfunding the 529 since they just plan to keep it for potential grad school or grandkids, but unless you specifically want to do that, I don't see the point of restricting money if you don't have to.
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Rukh O'Rorke
Senior Associate
Joined: Jul 4, 2016 13:31:15 GMT -5
Posts: 10,363 
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Post by Rukh O'Rorke on Oct 1, 2022 14:11:57 GMT -5
Ouch. Hung on to the second comma though! (barely).
Just keep swimming...just keep swimming...
Mortgage - $77,268 CC debt - $2,170 Total Debt $79,438Cash and Savings - $52,404 529s - $59,306 Retirement - $673,218 House - $300,000 Total Assets $1,084,928Net Worth $1,005,490 (down about 6.5% from Sept 1)
woohoo on the double comma!! |
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Rukh O'Rorke
Senior Associate
Joined: Jul 4, 2016 13:31:15 GMT -5
Posts: 10,363
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Post by Rukh O'Rorke on Oct 1, 2022 15:12:47 GMT -5
Update.....
| April 2 2021 | April 1 2022 | July 1 2022 | July 30 2022 | Sept 1, 2022 | Oct 1 2022 | | 401k and rollovers | $1,304,844
| $1,629,256
| 1,104,770
| 1,353,685 | 1,256,055
| 1,216,362 | | Roth | $197,893
| 213,577
| 132,379
| 174,596 | 158,742
| 154,408 | | I-bonds/TIPS |
| 17,142
| 21,304
| 21,804 | 23,042
| 24,678 | | Other: EF, ESOP, HSA | $49,159
| 40,640
| 26,760
| 26,262 | 17,651 | 19,983 | | Total |
$1,551,896
| $1,900,615
| 1,285,213
| 1,578,700 | 1,455,490 | 1,416,033 |
Not as much of a down grade as I was fearing....but still the slow decline continues....... Where it stops, nobody knows! Plans are to continue to max out 401k and put 100% into the market and dream of a recovery......outside of 401k, have been focused on adding to treasuries in case I need a dayjob exit strategy before recovery happens! But I do really hate the eroding milestones.....Will I lose the 1,400k milestone next time?? Stay tuned! |
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Rukh O'Rorke
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Joined: Jul 4, 2016 13:31:15 GMT -5
Posts: 10,363
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Post by Rukh O'Rorke on Oct 1, 2022 15:22:09 GMT -5
tcu2003 - I agree with you. I wouldn't contribute more than what you get the tax break on to the 529s. That's still going to end up being a good chunk of change and I'm assuming you could probably cash flow quite a bit too. I know some people are unconcerned with overfunding the 529 since they just plan to keep it for potential grad school or grandkids, but unless you specifically want to do that, I don't see the point of restricting money if you don't have to. I most agree with MPL, but you might want to consider taxes. It does seem like you are on track to have evereything prepaid with 529 money, but if you draw from taxable, there will be LTCG taxes whereas the 529 money if used for education is not taxable for the gains. But since you already look to have all you plan to spend in the 529, likely a moot point. |
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Post by minnesotapaintlady on Oct 1, 2022 17:49:04 GMT -5
But I do really hate the eroding milestones.....Will I lose the 1,400k milestone next time?? Yeah, that's getting a little old! I can take another 18 months to two years of FLAT, but I'm definitely ready for the 6+% return drops a month to stop! |
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Rukh O'Rorke
Senior Associate
Joined: Jul 4, 2016 13:31:15 GMT -5
Posts: 10,363
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Post by Rukh O'Rorke on Oct 1, 2022 19:12:53 GMT -5
But I do really hate the eroding milestones.....Will I lose the 1,400k milestone next time?? Yeah, that's getting a little old! I can take another 18 months to two years of FLAT, but I'm definitely ready for the 6+% return drops a month to stop!  stocks are on sale.....
But it sure doesn't feel like much of a party. At least we are still investing...hopefully that will work out well for us eventually! |
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plugginaway22
Well-Known Member
Joined: Jan 2, 2011 10:18:42 GMT -5
Posts: 1,661
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Post by plugginaway22 on Oct 3, 2022 10:15:27 GMT -5
At least we are still investing...
This is the hard part for me since we STOPPED investing in January...investments down 20%, only our cash and Ibonds have increased. Hanging on for the ride down but hoping it ends soon!
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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 Oct 4, 2022 14:10:35 GMT -5
10/3/2022
Assets:
House: $300,000+
Cash: $310,000
I bonds: $250,000
Brokerage: $140,000
401k/IRAs: $1,110,000
HSA: $35,000
529s: $65,000
Cars (4): $30,000
Net worth: $2,240,000
Not as bad of a drop this quarter, compared to last…
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Rukh O'Rorke
Senior Associate
Joined: Jul 4, 2016 13:31:15 GMT -5
Posts: 10,363
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Post by Rukh O'Rorke on Oct 14, 2022 14:23:02 GMT -5
watch out networthers! I just lost about 6% home value in the last month or so!  |
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Post by minnesotapaintlady on Oct 14, 2022 14:28:34 GMT -5
watch out networthers! I just lost about 6% home value in the last month or so! No worries for me on that front. What I report for NW has been the same for 20 years and still only 57% of what Zillow says. |
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Ombud
Junior Associate
Joined: Jan 14, 2013 23:21:04 GMT -5
Posts: 7,603
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Post by Ombud on Oct 31, 2022 13:10:14 GMT -5
| Previous Schwab Accts: | 792,705
| | Brokerage | 373,085
| | IRA | 374,332
| | Roth | 85,131
| | Schwab cash | 7327
| | New Total | 839,875
| | Difference | +7.42%
| | YTD | -17%
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There's a reason why I dipped below 10k in USAA Savings. I'm off to another cruise in 5+ weeks. Prices just to good to stay home |
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Rukh O'Rorke
Senior Associate
Joined: Jul 4, 2016 13:31:15 GMT -5
Posts: 10,363
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Post by Rukh O'Rorke on Oct 31, 2022 16:59:32 GMT -5
oh god.....not sure i want to look, lol!
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Rukh O'Rorke
Senior Associate
Joined: Jul 4, 2016 13:31:15 GMT -5
Posts: 10,363
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Post by Rukh O'Rorke on Oct 31, 2022 17:31:29 GMT -5
Update.....
| April 2 2021 | April 1 2022 | July 1 2022 | July 30 2022 | Sept 1, 2022 | Oct 1 2022 | November 1 2022 | | 401k and rollovers | $1,304,844
| $1,629,256
| 1,104,770
| 1,353,685 | 1,256,055
| 1,216,362 | 1,199,950.09
| | Roth | $197,893
| 213,577
| 132,379
| 174,596 | 158,742
| 154,408 | 133,490.61
| | I-bonds/TIPS |
| 17,142
| 21,304
| 21,804 | 23,042
| 24,678 | 26,278.44
| | Other: EF, ESOP, HSA | $49,159
| 40,640
| 26,760
| 26,262 | 17,651 | 19,983 | 13,107.85 | | Total |
$1,551,896
| $1,900,615
| 1,285,213
| 1,578,700 | 1,455,490 | 1,416,033 | 1,372,826.99
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Not as much of a down grade as I was fearing....but still the slow decline continues....... Where it stops, nobody knows! Plans are to continue to max out 401k and put 100% into the market and dream of a recovery......outside of 401k, have been focused on adding to treasuries in case I need a dayjob exit strategy before recovery happens! But I do really hate the eroding milestones.....Will I lose the 1,400k milestone next time?? Stay tuned! yep - looks like I broke another milestone......the wrong way. Ah well.....tomorrow is another day.  There is a bit of fudge in here, and I may update tomorrow. My ibond interest, and I haven't actually checked the hsa balances in a while, so I might do those if I have time, plus the updated numbers on mutual funds. Most of my stuff is individual stocks, so I know at market close. I wouldn't expect to be off by more than 1-3k so not alot. |
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ners
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Joined: Dec 23, 2010 16:21:18 GMT -5
Posts: 6,666
Member is Online
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Post by ners on Oct 31, 2022 19:44:57 GMT -5
10/31/2022
Assets
Cash 23,405.19
Retirement 160,791.34
House 80,000.00
Car 2,000.00
Stock 6,036.25
HSA $7,369.81
Total Assets 279,602.59
Liabilities
Mortgage 51,653.80
Helco 8,226.32
Car 2,459.68
Total Liabilities 62,339.80
Net Worth $217,262.79
Not much to say. Moved in the correct direction.
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Post by minnesotapaintlady on Nov 1, 2022 8:28:17 GMT -5
A little reprieve from the bleeding. 
Mortgage - $76,943 CC debt - $0 Total Debt $76,943Cash and Savings - $53,819 529s - $60,303 Retirement - $725,616 House - $300,000 Total Assets $1,139,738Net Worth $1,062,795 (regained most of last month's loss)
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tcu2003
Senior Member
Joined: Dec 31, 2010 15:24:01 GMT -5
Posts: 4,960
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Post by tcu2003 on Nov 1, 2022 10:29:56 GMT -5
Here is my October 2022 update:
ASSETS:
Checking/Savings: $213,309
House: $512,700
Retirement: $1,568,973
Brokerage: $30,564
529s: $70,383
DEBTS:
$0
Total NW: $2,395,929
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.
Yay for moving back in the positive direction again!
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Rukh O'Rorke
Senior Associate
Joined: Jul 4, 2016 13:31:15 GMT -5
Posts: 10,363
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Post by Rukh O'Rorke on Nov 1, 2022 10:57:07 GMT -5
A little reprieve from the bleeding.
Mortgage - $76,943 CC debt - $0 Total Debt $76,943Cash and Savings - $53,819 529s - $60,303 Retirement - $725,616 House - $300,000 Total Assets $1,139,738Net Worth $1,062,795 (regained most of last month's loss)
Nice!  My large tesla holding is pulling my results down, looks like everyone else is seeing positive movement this month. I still have faith. Me and George Michael. Will wait..... |
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Annie7
Junior Member
Joined: Dec 22, 2010 8:42:14 GMT -5
Posts: 249
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Post by Annie7 on Nov 1, 2022 12:00:15 GMT -5
I hadn't put in numbers for this year. here is mine:
| 1/1/2022 | 2/28/2022 | 3/31/2022 | | Cash | 69,687.92 | 60,184.34 | 77,113.06 | | Retirement | 875,542.67 | 825,434.68 | 840,0699.47 | | HSA | 58,453.02 | 53,152.31 | 55,878.73 | | Pension | 164,303.43 | 166,856.67 | 167,872.02 | | Total Assets | 1,933,087 | 1,877,328 | 1,922,063 | | | | |
| | Mortgage | 285,658 | 284,014 | 280,714 | | DS1 Parent Loan | 24,633 | 23,685.58 | 23,207 | | Total Liabilities | 310,291 | 307,700 | 303,921 | | | | |
| | Net Worth | 1,622,796 | 1,569,628 | 1,618,142 | | Difference from previous month | 38,682 | -53,168 | 48,513 | | % change | 2.44% | -3.28% | 3.09% | | YTD % change | 0% | -3.28% | -0.29% |
I'm still down for the year. I do not include my checking account and credit cards in the above. I pay off credit cards every month and I manage the payment thru my checking account. I didn't realize I hadn't posted here in months. As before, I don't include my checking account/credit cards/car. My YTD % change is up from -5.4% end of September to -4.3%. I'm glad my liabilities have gone down below 300K.
| 1/1/2022 | 3/31/2022 | 10/31/2022 | | Cash | 69,687.92 | 77,113.06 | 78,975.42 | | Retirement | 875,542.67 | 840,699.47 | 734,982.27 | | HSA | 58,453.02 | 55,878.73 | 49,284.69 | | Pension | 164,303.43 | 167,872.02 | 177,792.07 | | Home | 765,100 | 780,500 | 801,800 | | Total Assets | 1,933,087 | 1,922,063 | 1,842,834 |
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| Mortgage
| 285,658 | 280,714 | 269,123
| | DS1 Parent Loan | 24,633 | 23,207 | 19,969 | | Total Liabilities | 310,291 | 303,921 | 289,093 |
| | | | | Net Worth | $1,622,796 | $1,618,142 | $1,553,742
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| YTD % Change | 0% | -0.29% | -4.3% |
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countrygirl2
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Joined: Dec 7, 2016 15:45:05 GMT -5
Posts: 17,636
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Post by countrygirl2 on Nov 17, 2022 23:33:26 GMT -5
I bonds 140000
MM 64000
IRA's 480000
Wal Stk 25000? was $30k
Cash
Var accts 75,500
Rentals 255,000
One Pend 55,000 Net approximately
Our Home 362,000 Zillow has high of $362k
right now, bad, worth at least $400k
$1,456,500
No Debts
2021 Ford F-150
2018 Chrysler 300
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ners
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Joined: Dec 23, 2010 16:21:18 GMT -5
Posts: 6,666
Member is Online
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Post by ners on Nov 30, 2022 21:08:03 GMT -5
11/30/22
Cash 23,455.67
Retirement 169,071.48
House 80,000.00
Car 1,950.00
Stock 6,368.52
HSA $7,369.81
Total Assets 288,215.48
Liabilities
Mortgage 51,487.44
Helco 7,918.41
Car 2,240.55
Total Liabilities 61,646.40
Net Worth $226,569.08
Another month moving in the correct direction.
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Post by minnesotapaintlady on Dec 1, 2022 9:27:45 GMT -5
A couple more months like this would be awesome! Only down about 3% for the year now (of course been pumping money in all year too...)
Mortgage - $76,618 CC debt - $0 Total Debt $76,618Cash and Savings - $51,143 529s - $61,781 Retirement - $772,033 House - $300,000 Total Assets $1,184,957Net Worth $1,108,339
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Ombud
Junior Associate
Joined: Jan 14, 2013 23:21:04 GMT -5
Posts: 7,603
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Post by Ombud on Dec 1, 2022 13:56:25 GMT -5
| Previous Schwab Accts: | 792,705
| | Brokerage | 389,021
| | IRA | 390,300
| | Roth | 89,356
| | Schwab cash | 7433
| | New Total | 874,111
| | Difference | +10.65%
| | YTD | -13.38%
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Rukh O'Rorke
Senior Associate
Joined: Jul 4, 2016 13:31:15 GMT -5
Posts: 10,363
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Post by Rukh O'Rorke on Dec 1, 2022 16:56:58 GMT -5
I don't wanna do it!!!  oh alright! |
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Rukh O'Rorke
Senior Associate
Joined: Jul 4, 2016 13:31:15 GMT -5
Posts: 10,363
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Post by Rukh O'Rorke on Dec 1, 2022 17:11:36 GMT -5
Update.....
| April 2 2021 | April 1 2022 | July 1 2022 | July 30 2022 | Sept 1, 2022 | Oct 1 2022 | November 1 2022 | December 1 2022 | | 401k and rollovers | $1,304,844
| $1,629,256
| 1,104,770
| 1,353,685 | 1,256,055
| 1,216,362 | 1,199,950.09
| 1,173,192
| | Roth | $197,893
| 213,577
| 132,379
| 174,596 | 158,742
| 154,408 | 133,490.61
| 115,248
| | I-bonds/TIPS |
| 17,142
| 21,304
| 21,804 | 23,042
| 24,678 | 26,278.44
| 27,586
| | Other: EF, ESOP, HSA | $49,159
| 40,640
| 26,760
| 26,262 | 17,651 | 19,983 | 13,107.85 | 13,689
| | Total |
$1,551,896
| $1,900,615
| 1,285,213
| 1,578,700 | 1,455,490 | 1,416,033 | 1,372,826.99
| 1,323,215
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I knew it was going to be down...oh well!! Better luck next time ....or sometime in 2023..... |
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countrygirl2
Senior Associate
Joined: Dec 7, 2016 15:45:05 GMT -5
Posts: 17,636
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Post by countrygirl2 on Dec 1, 2022 20:08:18 GMT -5
Sold another property to farmer for $80k, no realtor involved. Since he is paying us cash for it, very little closing costs. We sent the property description today, writing up a simple contract to sell. He has farmed the 8 acres for 30 years I suppose and the house isn't worth much, so $80k is fair.
Still haven't finalized the other one, approx $55 net I think, realtor involved in it. Gave $30k for it, no work done till now to sell and rented for 6 years.
Getting ready to start work on another after Christmas. I have to research a bit, will net between $60 to $80k I think. Had to put in a new furnace/AC when we bought it, nothing more. Time for us to start selling at our age as hubs does all his own work.
Last year could have sold for more but weren't ready yet. We still won't lose anything.
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Post by minnesotapaintlady on Dec 2, 2022 10:38:28 GMT -5
A side note from this exercise. I really need to get a binder and start printing out statements and account info. Pretty much everything I have is online and if I died nobody would have a clue. I'd known that was going to be an issue for awhile, but it really hit home today when I realized I had forgotten about a couple accounts myself! Nothing big. I started an AK 529 plan for Carrot earlier this year that just has a few hundred in it, and I started a Roth IRA for older son when Fidelity was giving out the $100 bonus. That one is his obviously and not something I'd include in my NW, but forgetting about it before he even knows about it isn't good either!  I tried accessing it just now and can't remember what the username or password is or if I set it up with his email or mine. I think the login info is saved on my home computer, so I'll check it out tonight. |
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countrygirl2
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Joined: Dec 7, 2016 15:45:05 GMT -5
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Post by countrygirl2 on Dec 2, 2022 11:46:29 GMT -5
I am trying to consolidate monies too as we are aging and I forget all kinds of stuff. Once in awhile I forget an account too so I know exactly what you are saying MPL. Also wanting to make things easier for us to track while we are still with it, LOL! But a good problem to have.
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Rukh O'Rorke
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Joined: Jul 4, 2016 13:31:15 GMT -5
Posts: 10,363
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Post by Rukh O'Rorke on Dec 2, 2022 21:45:09 GMT -5
A side note from this exercise. I really need to get a binder and start printing out statements and account info. Pretty much everything I have is online and if I died nobody would have a clue. I'd known that was going to be an issue for awhile, but it really hit home today when I realized I had forgotten about a couple accounts myself! Nothing big. I started an AK 529 plan for Carrot earlier this year that just has a few hundred in it, and I started a Roth IRA for older son when Fidelity was giving out the $100 bonus. That one is his obviously and not something I'd include in my NW, but forgetting about it before he even knows about it isn't good either! I tried accessing it just now and can't remember what the username or password is or if I set it up with his email or mine. I think the login info is saved on my home computer, so I'll check it out tonight. yeah - I need to get my act together on this stuff too. I have some documentation, will go over with the offspring over christmas holidays. I had already prepped them their would be a "money day", going to watch netflix get smart with money, discuss stuff, maybe play monopoly afterwards  |
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