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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 $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
Posted: Mon Feb 03, 2020 12:09 am
by MedSaver
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
Re: MedSaver's Journal
Posted: Thu Feb 06, 2020 4:27 am
by DutchGirl
Under $10k for the Mrs. MedSaver's loans, hurrah!
And under $30k for you.
Keep it up...
Re: MedSaver's Journal
Posted: Mon Mar 02, 2020 11:30 pm
by MedSaver
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
Re: MedSaver's Journal
Posted: Sat Mar 14, 2020 1:51 am
by DutchGirl
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.