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Re: MedSaver's Journal

Posted: Sun Jun 02, 2019 4:32 pm
by MedSaver
May 2019 Update

Liabilities:

Credit cards = $0

Mrs. MedSaver loans
Total student loans (5 year fixed 3.5%) = $19,224

MedSaver loans
Student loans blended (5 year 3.5% fixed) = $57,063

Assets:
IRA/Brokerage/403b/457/cash: $918,079

Net:+$841,792

Re: MedSaver's Journal

Posted: Fri Jun 14, 2019 7:24 am
by DutchGirl
Booooh for the stock market's behavior in May, but yeah, what can you do? You'll get there eventually...

Re: MedSaver's Journal

Posted: Fri Jun 28, 2019 8:54 pm
by MedSaver
June 2019 Update

Liabilities:

Credit cards = $0

Mrs. MedSaver loans
Total student loans (5 year fixed 3.5%) = $18,010

MedSaver loans
Student loans blended (5 year 3.5% fixed) = $53,380

Assets:
IRA/Brokerage/403b/457/cash: $1,022,036

Net:+$950,646

Re: MedSaver's Journal

Posted: Tue Jul 30, 2019 8:38 pm
by MedSaver
July 2019 Update

Liabilities:

Credit cards = $0

Mrs. MedSaver loans
Total student loans (5 year fixed 3.5%) = $16,798

MedSaver loans
Student loans blended (5 year 3.5% fixed) = $49,720

Assets:
IRA/Brokerage/403b/457/cash: $1,061,590

Net:+$995,072

Re: MedSaver's Journal

Posted: Wed Jul 31, 2019 3:29 pm
by DutchGirl
Ooooh, so close to $1 million net worth... Maybe next month! (Depending on the stock market's mood, mostly).

Re: MedSaver's Journal

Posted: Fri Aug 30, 2019 7:50 pm
by MedSaver
August 2019 Update

Liabilities:

Credit cards = $0

Mrs. MedSaver loans
Total student loans (5 year fixed 3.5%) = $15,582

MedSaver loans
Student loans blended (5 year 3.5% fixed) = $46,036

Assets:
IRA/Brokerage/403b/457/cash: $1,049,782

Net:+$988,164

Re: MedSaver's Journal

Posted: Sat Aug 31, 2019 9:10 am
by DutchGirl
Well done on paying down the student loans!

Too bad the market didn't cooperate...

Re: MedSaver's Journal

Posted: Wed Oct 02, 2019 8:30 pm
by MedSaver
September 2019 Update

Liabilities:

Credit cards = $0

Mrs. MedSaver loans
Total student loans (5 year fixed 3.5%) = $13,337

MedSaver loans
Student loans blended (5 year 3.5% fixed) = $42,352

Assets:
IRA/Brokerage/403b/457/cash: $1,062,083

Net:+$1,006,394

Re: MedSaver's Journal

Posted: Wed Oct 02, 2019 9:26 pm
by ChickenCoop
Congrats on the Mil Milestone!

Re: MedSaver's Journal

Posted: Fri Oct 04, 2019 2:34 pm
by MedSaver
Thanks!

Re: MedSaver's Journal

Posted: Wed Oct 09, 2019 3:05 am
by DutchGirl
Hurray, you (and the markets) did it!

And I like to see those student loans go down; even though the interest rate isn't really high, so it's not a huge burden on your budget anyway. But I like to see it.

Re: MedSaver's Journal

Posted: Thu Oct 31, 2019 8:50 pm
by MedSaver
October 2019 Update

Liabilities:

Mrs. MedSaver loans
Total student loans (5 year fixed 3.5%) = $13,142

MedSaver loans
Student loans blended (5 year 3.5% fixed) = $38,638

IRA/Brokerage/403b/457/cash: $1,105,468

Net:+$1,053,688

Took out the credit card from liabilities since it's always paid off.

Re: MedSaver's Journal

Posted: Fri Nov 01, 2019 5:24 am
by Adamski
Congrats on breakin the $1m. A number of UK Fire bloggers have £1m as their FI target ($1.3m), which you are not far from. The work I guess would be voluntary for you, and you could reassess your life options.

Re: MedSaver's Journal

Posted: Thu Nov 28, 2019 1:08 pm
by MedSaver
Adamski wrote:
Fri Nov 01, 2019 5:24 am
Congrats on breakin the $1m. A number of UK Fire bloggers have £1m as their FI target ($1.3m), which you are not far from. The work I guess would be voluntary for you, and you could reassess your life options.
Thanks! Unfortunately here in the US, the government doesn't provide healthcare so our FI numbers are significantly higher. I don't think most people our age would consider retiring with our current net worth.

Re: MedSaver's Journal

Posted: Thu Nov 28, 2019 1:11 pm
by MedSaver
November 2019 Update

Liabilities:

Mrs. MedSaver loans
Total student loans (5 year fixed ~1.9%) = $11,913

MedSaver loans
Student loans blended (5 year 3.5% fixed) = $34,907

IRA/Brokerage/403b/457/cash: $1,162,382

Net:+$1,115,562

Re: MedSaver's Journal

Posted: Tue Dec 31, 2019 9:16 pm
by MedSaver
Annual Update

Another year down. How did we do?

MedSaver gross W2 income 2019: $395,000 (2018: $324,536), up 22%.
Net income 2019: $234,946 (2018: $196,502), up 20%.
Monthly net: $19,578

Mrs. MedSaver gross W2 income 2019: estimate $159,000 (2018: $159,466), unchanged.
Net income 2019: $90,000 (estimate)
Monthly net: $7,500

We both ended up changing jobs with obvious upside in my salary. One downside is there will be a clawback of my last retirement account of about $100k at some point soon. But jobs and location are better. My compensation should increase again next year by maybe 10% or so. Other substantial income includes stock dividends of $17,305.

Spending breakdown (monthly):
Food: $1250 (up from $1000)
Rent: $2200 (up from $1850)
Insurance: $900 (up from $840)
MedSaver student loan: $3830 (previously $4540)
Fiancee student loan: $1000 (previously $1300)
Utilities: $180 (no change)
Gas: $390 (previously $180) - this is due to longer commutes
Internet: $55 (dropped cable, it was getting insane)
Cleaning service: $90 (previously $80)
Cell phone: $130 (previously $65 - added a line and device)
Travel: $2500 (previously $3300)
Other: $8019 (previously $4400)

Total monthly 2019: $19,890 (previously $18,148)

The "Other" category increased mainly because we bought a car with cash (monthly equivalent of $2,570). Less the car, we spent about $1000 more per month (this includes moving expense, last year's tax bill, gifts, cash withdrawals, entertainment, family support, professional expenses, car maintenance, financial planner fees, investment fees, healthcare expenses, clothing, home maintenance, charitable giving, etc.)

Liabilities:

Credit cards = $0

Mrs. MedSaver loans
Total student loans (5 year fixed 3.5%) = $10,686 (Jan 2019 $25,220)

MedSaver loans
Student loans blended (5 year ~3.5% fixed) = $31,292 (Jan 2019 $75,233)

Assets:
IRA/Brokerage/403b/457/cash: $1,202,144 (Jan 2019 $789,148) - this will be closer to $1.1M after the clawback.

Net (Assets - liabilities): $1,160,166 (Jan 2019 $688,695), which is + $39,289/month (previously $15,003/month). What a difference a year makes as regards the stock market.