MedSaver's Journal

Where are you and where are you going?
MedSaver
Posts: 86
Joined: Tue Nov 24, 2015 1:04 am

Re: MedSaver's Journal

Post by MedSaver »

March 2020 Update

Liabilities:

Mrs. MedSaver loans
Total student loans (5 year fixed ~1.9%) = $5,194

MedSaver loans
Student loans blended (5 year 3.5% fixed) = $19,936

IRA/Brokerage/403b/457/cash: $1,031,026

Net:+$1,005,895

We have lost almost $150k since last update, but have increased our stock purchases at the same time and continue to pay down our student debt. Thankfully we have jobs in what would probably be considered the most stable sector for this pandemic and we have a large emergency fund. Our major concerns are for our health and the health of our colleagues/patients. We certainly live in exciting times!

DutchGirl
Posts: 1259
Joined: Tue Sep 06, 2011 1:49 pm
Location: The Netherlands

Re: MedSaver's Journal

Post by DutchGirl »

They are fascinating times, aren't they? And yes, scary and sad too. Stay safe.

MedSaver
Posts: 86
Joined: Tue Nov 24, 2015 1:04 am

Re: MedSaver's Journal

Post by MedSaver »

April 2020 Update

Liabilities:

Mrs. MedSaver loans
Total student loans (5 year fixed ~1.9%) = $2,800

MedSaver loans
Student loans blended (5 year 3.5% fixed) = $16,163

IRA/Brokerage/403b/457/cash: $1,173,803

Net:+$1,154,839

DutchGirl
Posts: 1259
Joined: Tue Sep 06, 2011 1:49 pm
Location: The Netherlands

Re: MedSaver's Journal

Post by DutchGirl »

Nice. Well done!

MedSaver
Posts: 86
Joined: Tue Nov 24, 2015 1:04 am

Re: MedSaver's Journal

Post by MedSaver »

May 2020 Update

Liabilities:

Mrs. MedSaver loans
Total student loans (5 year fixed ~1.9%) = $1,400

MedSaver loans
Student loans blended (5 year 3.5% fixed) = $12,380

IRA/Brokerage/403b/457/cash: $1,238,879

Net:+$1,225,099

The next few months will look very strange for a few reasons. We are in the process of buying a house and my old job has initiated the retirement clawback. It's gonna look like our net worth drops like $200k, but some of that will be equity in property. However, my compensation should rise in the next couple months so it may offset this somewhat.

DutchGirl
Posts: 1259
Joined: Tue Sep 06, 2011 1:49 pm
Location: The Netherlands

Re: MedSaver's Journal

Post by DutchGirl »

Is it a nice house? Will you live in it for a long time, hopefully?

You could add a new category to your net worth, i.e. house equity. And put in a conservative estimate of it? You'll probably still see a drop (or a not-so-large-increase) due to the fact that some costs for buying a house are truly costs and don't lead to having equity. But the drop would be less.

I hope to see a $0 for the student loans for your wife next month, I hope it won't be a tantalizing $120 left or so...

MedSaver
Posts: 86
Joined: Tue Nov 24, 2015 1:04 am

Re: MedSaver's Journal

Post by MedSaver »

Well, we think it's a nice house. It's a little more expensive than average for our area, but we live in a pretty HCOL area. It's not a mansion or anything. Hopefully we are in it for a long time, but you never know.

I may add home equity to net worth, but am not sure what to do with the mortgage amount. What I'd like to do is do a long term experiment where I compare real estate (the house) versus our other investments and see which comes out ahead. I am almost certain non-real estate will win, but it's hard to really know after tax incentives and other differences.

I think the wife will pay off her loan soon, but she kind of does her own thing in that regard. 3 more months for mine!

2Birds1Stone
Posts: 1142
Joined: Thu Nov 19, 2015 11:20 am
Location: Earth

Re: MedSaver's Journal

Post by 2Birds1Stone »

Unless your area outperforms the majority of RE markets, it will not come out ahead. You can chop 6-10% right off the bat due to transaction costs, then the endless maintenance, upkeep, and taxes/interest.

DutchGirl
Posts: 1259
Joined: Tue Sep 06, 2011 1:49 pm
Location: The Netherlands

Re: MedSaver's Journal

Post by DutchGirl »

Congrats on now owning a nice house. May it serve you two well for a long time :-)

Forskaren
Posts: 189
Joined: Sat Nov 07, 2015 4:04 pm

Re: MedSaver's Journal

Post by Forskaren »

I think it can be relevant to include mortgage debt and house value in net worth. It may affect the diversification and total risk level to a large extent.

MedSaver
Posts: 86
Joined: Tue Nov 24, 2015 1:04 am

Re: MedSaver's Journal

Post by MedSaver »

June 2020 Update

Liabilities:

Mrs. MedSaver loans
Total student loans = $0

MedSaver loans
Student loans blended (5 year 3.5% fixed) = $8,585

IRA/Brokerage/403b/457/cash: $1,225,559

Net:+$1,216,974

The retirement clawback from prior employer was much less than expected. We have placed a $15k deposit on the home, which is not accounted for in the numbers above. There will be occasional other deposits over the next few months and then the down payment is expected to be sometime in the winter.

DutchGirl
Posts: 1259
Joined: Tue Sep 06, 2011 1:49 pm
Location: The Netherlands

Re: MedSaver's Journal

Post by DutchGirl »

MedSaver wrote:
Tue Jun 30, 2020 12:04 am
June 2020 Update

Liabilities:

Mrs. MedSaver loans
Total student loans = $0
Hurrah!

Well done and congratulations to Mrs. MedSaver. I like this $0! :D

MedSaver
Posts: 86
Joined: Tue Nov 24, 2015 1:04 am

Re: MedSaver's Journal

Post by MedSaver »

July 2020 Update

Liabilities:

MedSaver loans
Student loans blended (5 year 3.5% fixed) = $4,780

Assets:

IRA/Brokerage/403b/457/cash: $1,317,725

Net:+$1,312,945

DutchGirl
Posts: 1259
Joined: Tue Sep 06, 2011 1:49 pm
Location: The Netherlands

Re: MedSaver's Journal

Post by DutchGirl »

Well done, again. How's the house? Have you already moved in, or are there still repairs ungoing or things like that?

MedSaver
Posts: 86
Joined: Tue Nov 24, 2015 1:04 am

Re: MedSaver's Journal

Post by MedSaver »

It's being built, which is why I haven't included down payment/mortgage info yet.

MedSaver
Posts: 86
Joined: Tue Nov 24, 2015 1:04 am

Re: MedSaver's Journal

Post by MedSaver »

August 2020 Update

Liabilities:

MedSaver loans
Student loans = $0

Assets:

IRA/Brokerage/403b/457/cash: $1,392,505

Net:+$1,392,505

basuragomi
Posts: 149
Joined: Tue Oct 15, 2019 3:13 pm

Re: MedSaver's Journal

Post by basuragomi »

Congratulations on paying off your loans!

DutchGirl
Posts: 1259
Joined: Tue Sep 06, 2011 1:49 pm
Location: The Netherlands

Re: MedSaver's Journal

Post by DutchGirl »

Oh hey, ho... How did I miss that for a couple of weeks? Congrats, MedSaver, on paying off your loans! How does it feel?

And how is life otherwise? Working hard?

MedSaver
Posts: 86
Joined: Tue Nov 24, 2015 1:04 am

Re: MedSaver's Journal

Post by MedSaver »

September 2020 Update

Assets:

IRA/Brokerage/403b/457/cash: $1,402,647

Net:$1,402,647

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