countrygirl2
Senior Associate
Joined: Dec 7, 2016 15:45:05 GMT -5
Posts: 17,471
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Post by countrygirl2 on Sept 17, 2024 18:03:39 GMT -5
I looked up Zillow values of the 4 houses
Ind house ours 473,700 Rent house 108,000 Other mod 122,700 Ours 291,000
Total $995,400 per Zillow, I hope we can sell them for that, they are all very nice houses.
Of course, this was not the plan to have all these, but we are in no danger of losing them. His folks would be the easiest to sell, the $108,000 one.
If sold for that would make our net worth $1,565,583, I only wish. I guess time will tell.
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Rukh O'Rorke
Senior Associate
Joined: Jul 4, 2016 13:31:15 GMT -5
Posts: 10,267
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Post by Rukh O'Rorke on Sept 18, 2024 17:01:06 GMT -5
Hey Networthers! Can we talk a little bit about asset allocation - particularly target allocation for when you plan to retire? I'm really freaking myself out here! So I keep looking at all my numbers and projecting into the future with 401k withdrawals, and I think I am good to go, pull the plug, stick the fork, etc. Even at very low average returns, it's all pretty doable... unitl I put in a 40% market drop into the first year or two. So if I keep 2 years cash, then that seems to work....but what if there are 5 poopy years in the market? 10 poopy years? Then I feel I am stuck working until 70! Bonds didn't work out too well in the 2022 bear market. But if I do 10 years of cash, then I miss out on a lot of growth if it comes....growth that would assure long term success! Anyone else spiraling like this?? I feel like I have enough money to buy back my soul around now....But I could be broke in 15 years too....
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Rukh O'Rorke
Senior Associate
Joined: Jul 4, 2016 13:31:15 GMT -5
Posts: 10,267
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Post by Rukh O'Rorke on Sept 19, 2024 9:48:01 GMT -5
lol, and today's market is making it very hard to get off the couch and transition from morning coffee to work time....
up 1.6%, new ATH, etc.....
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Rukh O'Rorke
Senior Associate
Joined: Jul 4, 2016 13:31:15 GMT -5
Posts: 10,267
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Post by Rukh O'Rorke on Sept 19, 2024 17:03:22 GMT -5
If anyone looking for a little moral boost - chexk your account balances!
quickly - who knows what tomorrow brings!
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steph08
Junior Associate
Joined: Jan 3, 2011 13:06:01 GMT -5
Posts: 5,497
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Post by steph08 on Sept 20, 2024 15:41:54 GMT -5
I haven't posted to this thread (or checked my NW since March), but I also wanted to look since the market was so high yesterday! Assets
House - $332,500.00 Me 401k - $71,528.95 Me IRA - $237,876.17 DH IRA - $70,321.14 DH TSP - $11,586.86 Savings - $25,000.00 9 acres - $27,000.00 DD1 529 - $16,856.16 DD2 529 - $13,532.43 Total Assets: $806,201.71 Liabilities
Mortgage - $192,689.09 Truck Loan - $22,497.45 SUV Loan - $22,763.62 Total Liabilities: $237,950.16 Net Worth: $568,251.55 Over the half million mark, woohoo! Our house is most likely worth 30-50k more, but we built it 3 years ago, so for a long time, it didn't have a Zestimate and there aren't any corresponding sales to look at. I would think it would sell for around $375k. I had kept house value at $325k, but Zillow did give me a Zestimate this time of $332,500, so I put that in. The car loans are what they are - I had thought for a long time about doing something to get rid of one or the other, but we are happy with them, they're reliable, and we can afford the payments. I've been saving $1k extra every month into a separate savings account since my DH's job went permanent in June, and I hope to have enough to pay off one of the vehicles (if I choose) next year. They're at 0% and 2.9%, so I'm not in a hurry. Side note - we just made a purchase today that required a credit check and DH's was 894 and mine was 883, so I think we are doing OK. I'm always mad that he's higher than me, but I'm guessing it's because I put my name first on the credit cards and then he's an authorized user? My SUV is also just in my name and not his, while the truck is in both names. I don't know, but I want the higher score!!
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