MedSaver's Journal
Re: MedSaver's Journal
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
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
Booooh for the stock market's behavior in May, but yeah, what can you do? You'll get there eventually...
Re: MedSaver's Journal
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
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
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
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
Ooooh, so close to $1 million net worth... Maybe next month! (Depending on the stock market's mood, mostly).
Re: MedSaver's Journal
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
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
Well done on paying down the student loans!
Too bad the market didn't cooperate...
Too bad the market didn't cooperate...
Re: MedSaver's Journal
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
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
Last edited by MedSaver on Thu Oct 03, 2019 12:47 am, edited 1 time in total.
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- Posts: 36
- Joined: Thu Jun 21, 2018 3:45 pm
- Location: Australia
Re: MedSaver's Journal
Congrats on the Mil Milestone!
Re: MedSaver's Journal
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.
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
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.
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
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
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
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
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
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 $148,450 (2018: $159,466), down 7%.
Net income 2019: $102,493
Monthly net: $8,541
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.
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 $148,450 (2018: $159,466), down 7%.
Net income 2019: $102,493
Monthly net: $8,541
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.
Re: MedSaver's Journal
January 2020 Update
Liabilities:
Mrs. MedSaver loans
Total student loans (5 year fixed ~1.9%) = $9,409
MedSaver loans
Student loans blended (5 year 3.5% fixed) = $27,456
IRA/Brokerage/403b/457/cash: $1,223,880
Net:+$1,187,015
Liabilities:
Mrs. MedSaver loans
Total student loans (5 year fixed ~1.9%) = $9,409
MedSaver loans
Student loans blended (5 year 3.5% fixed) = $27,456
IRA/Brokerage/403b/457/cash: $1,223,880
Net:+$1,187,015
Last edited by MedSaver on Mon Mar 02, 2020 11:28 pm, edited 1 time in total.
Re: MedSaver's Journal
Under $10k for the Mrs. MedSaver's loans, hurrah!
And under $30k for you.
Keep it up...
And under $30k for you.
Keep it up...
Re: MedSaver's Journal
February 2020 Update
Liabilities:
Mrs. MedSaver loans
Total student loans (5 year fixed ~1.9%) = $6,407
MedSaver loans
Student loans blended (5 year 3.5% fixed) = $23,705
IRA/Brokerage/403b/457/cash: $1,179,692
Net:+$1,149,580
Liabilities:
Mrs. MedSaver loans
Total student loans (5 year fixed ~1.9%) = $6,407
MedSaver loans
Student loans blended (5 year 3.5% fixed) = $23,705
IRA/Brokerage/403b/457/cash: $1,179,692
Net:+$1,149,580
Re: MedSaver's Journal
Too bad for the stock market crash, but it will recover.
Good luck with your jobs. I hope you'll both stay healthy and will be able to help people survive and/or be comfortable while sick.
Good luck with your jobs. I hope you'll both stay healthy and will be able to help people survive and/or be comfortable while sick.