It's been a year since my last post How Am I Doing? 2024 so I thought i would post an update.
Wife got a cost of living increase. Bought and paid off a car in between as well.
Net Worth = $691000 (Including home purchase cost, not current estimated value)
Net Worth = $840500 (Including home current estimated value)
| Income | Gross | Net |
|---|
| Me (43) | $ 6,780.00 | $ 4,509.00 |
| Wife (49) | $ 6,856.00 | $ 4,999.00 |
| Total | $ 13,636.00 | $ 9,508.00 |
| Debts | | |
|---|
| Mortgage | $ 218,709.00 | $ 253,526 @ 3% @ 30 Years (23 Years Left) |
| Fixed Expenses (Monthly) | |
|---|
| Mortgage | $ 1,068.00 |
| Home Insurance + Property Taxes | $ 348.00 |
| Charity | $ 1,363.00 |
| Car Insurance | $ 160.00 (2 Cars, Paid Off) |
| Car Taxes | $ 54.00 |
| Sewer/Trash | $ 59.00 |
| Water | $ 37.00 |
| Cable/Internet | $ 220.00 |
| Cellular | $ 100.00 (Company pays half of bill) |
| Gas/Electric | $ 210.00 |
| Life Insurance | $ 33.00 ($1 Million, 20 Year Term) |
| Total | $ 3,652.00 |
| Variable Expenses | (We stick to this budget and never exceed more than 10% on average) |
|---|
| Fuel | $ 400.00 |
| Dining | $ 200.00 |
| Entertainment | $ 100.00 |
| Groceries | $ 650.00 |
| Household | $ 150.00 |
| Other | $ 300.00 |
| Clothing | $ 100.00 |
| Personal Care | $ 100.00 |
| Fun Money | $ 300.00 (Each of us gets $150 to spend as we wish) |
| Total | $ 2,300.00 |
| Monthly Retirement | 24.74% of gross towards retirement |
|---|
| Roth A | $ 583.33 |
| Roth B | $ 666.67 |
| HSA | $ 712.50 |
| Pension | $ 411.37 (Pension will provide 60% of pre-retirement income for life of my wife and then me) |
| 401k | $ 650.00 |
| 401k Match | $ 305.10 |
| Total | $ 3,373.97 |
| Monthly Saving | |
|---|
| 529 A | $ 300.00 |
| 529 B | $ 300.00 |
| Taxable 1 | $ 400.00 (Long Term Savings) |
| Checking | $ 750.00 (Sweep to Checking) |
| Total | $ 1,750.00 |
| Cash Account Balances | |
|---|
| Checking | $ 10,000.00 |
| Savings | $ 27,000.00 (Includes EF of $20000 = $5000 x 4 months) |
| Total | $ 37,000.00 |
| Investment Balances | Tax advantaged in low cost index funds (VTI, FSKAX, etc) |
|---|
| Crypto | $ 23,000.00 |
| 529 A | $ 26,900.00 |
| 529 B | $ 27,200.00 |
| Tax Brokerage | $ 56,000.00 |
| HSA | $ 37,500.00 |
| Roth A | $ 51,200.00 |
| Roth B | $ 51,200.00 |
| IRA | $ 23,700.00 |
| Pension | $ 91,200.00 (This amount could be rolled over if my wife left her current employer) |
| 401k | $ 132,800.00 |
| Total | $ 520,700.00 |