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Net Worth Archive for 2009

Net Worth Report for May 2009

Assets   $ Diff % Diff
Cash $55,668 $27,417 97.05 %
Stocks $145,000 ($4,218) -2.83 %
Bonds $55,648 $146 0.26 %
Annuities $29,997 $19 0.06 %
Retirement $337,982 $11,967 3.67 %
Home $725,000 $0 0.00 %
Other Real Estate $200,000 $0 0.00 %
Cars $40,000 $0 0.00 %
Personal Property $125,000 $0 0.00 %
Other $731,483 $0 0.00 %
Total Assets $2,445,778 $35,331 1.47 %
Debts   $ Diff % Diff
Home Mortgage(s) $81,149 ($668) -0.82 %
Other Mortgage(s) $0 $0 -
Student Loans $0 $0 -
Credit Card $0 $0 -
Car Loans $0 $0 -
Other $0 $0 -
Total Debts $81,149 ($668) -0.82 %
 
Net Worth $2,364,629 $35,999 1.55 %
Net Worth History Chart
Monthly Entry

Net Worth Report for April 2009

Assets   $ Diff % Diff
Cash $28,251 ($7,202) -20.31 %
Stocks $149,218 $10,706 7.73 %
Bonds $55,502 ($413) -0.74 %
Annuities $29,978 $20 0.07 %
Retirement $326,015 $21,778 7.16 %
Home $725,000 $0 0.00 %
Other Real Estate $200,000 $0 0.00 %
Cars $40,000 $0 0.00 %
Personal Property $125,000 $0 0.00 %
Other $731,483 $0 0.00 %
Total Assets $2,410,447 $24,889 1.04 %
Debts   $ Diff % Diff
Home Mortgage(s) $81,817 ($665) -0.81 %
Other Mortgage(s) $0 $0 -
Student Loans $0 $0 -
Credit Card $0 $0 -
Car Loans $0 $0 -
Other $0 $0 -
Total Debts $81,817 ($665) -0.81 %
 
Net Worth $2,328,630 $25,554 1.11 %
Net Worth History Chart
Monthly Entry
Found out (via a $200 bill from our CPA) that I can contribute $33,000 annually to my 457. So we decided to step up that contribution. It goes to a money market because the choices at Nationwide are crap, but we plan to roll it as soon as I retire at the end of this year. I'm also contributing $22,000 annually to my 403(b) and of course we do IRAs every year as well.

So our tax-sheltered savings this year will be $67,000, or more than six times what I made my first year in the business 32 years ago. Not bad. Of course we may be living on beans and hay for the rest of the year in order to pull this off....

Net Worth Report for March 2009

Assets   $ Diff % Diff
Cash $35,453 $1,374 4.03 %
Stocks $138,512 $10,061 7.83 %
Bonds $55,915 $824 1.50 %
Annuities $29,958 $20 0.07 %
Retirement $304,237 $21,382 7.56 %
Home $725,000 $0 0.00 %
Other Real Estate $200,000 $0 0.00 %
Cars $40,000 $0 0.00 %
Personal Property $125,000 $0 0.00 %
Other $731,483 $583 0.08 %
Total Assets $2,385,558 $34,244 1.46 %
Debts   $ Diff % Diff
Home Mortgage(s) $82,482 ($662) -0.80 %
Other Mortgage(s) $0 $0 -
Student Loans $0 $0 -
Credit Card $0 $0 -
Car Loans $0 $0 -
Other $0 $0 -
Total Debts $82,482 ($662) -0.80 %
 
Net Worth $2,303,076 $34,906 1.54 %
Net Worth History Chart
Monthly Entry

Net Worth Report for February 2009

Assets   $ Diff % Diff
Cash $34,079 ($13,040) -27.67 %
Stocks $128,451 ($12,639) -8.96 %
Bonds $55,091 ($230) -0.42 %
Annuities $29,938 $41 0.14 %
Retirement $282,855 ($7,292) -2.51 %
Home $725,000 $0 0.00 %
Other Real Estate $200,000 $0 0.00 %
Cars $40,000 $0 0.00 %
Personal Property $125,000 $0 0.00 %
Other $730,900 $0 0.00 %
Total Assets $2,351,314 ($33,160) -1.39 %
Debts   $ Diff % Diff
Home Mortgage(s) $83,144 ($659) -0.79 %
Other Mortgage(s) $0 $0 -
Student Loans $0 $0 -
Credit Card $0 $0 -
Car Loans $0 $0 -
Other $0 $0 -
Total Debts $83,144 ($659) -0.79 %
 
Net Worth $2,268,170 ($32,501) -1.41 %
Net Worth History Chart
Monthly Entry
And the slaughter continues. My TIPS bond fund yield is now negative, but we did fund our IRAs this month.

Net Worth Report for January 2009

Assets   $ Diff % Diff
Cash $47,119 $1,425 3.12 %
Stocks $141,090 ($10,198) -6.74 %
Bonds $55,321 $309 0.56 %
Annuities $29,897 $1,144 3.98 %
Retirement $290,147 ($106,669) -26.88 %
Home $725,000 $0 0.00 %
Other Real Estate $200,000 $0 0.00 %
Cars $40,000 $0 0.00 %
Personal Property $125,000 $0 0.00 %
Other $730,900 $120,900 19.82 %
Total Assets $2,384,474 $6,911 0.29 %
Debts   $ Diff % Diff
Home Mortgage(s) $83,803 ($657) -0.78 %
Other Mortgage(s) $0 $0 -
Student Loans $0 $0 -
Credit Card $0 $0 -
Car Loans $0 $0 -
Other $0 $0 -
Total Debts $83,803 ($657) -0.78 %
 
Net Worth $2,300,671 $7,568 0.33 %
Net Worth History Chart
Monthly Entry
We did make a final big decision this month to buy 5 years of additional service credit with my retirement system. We thought about it hard, including investigating (to the extent we can) the solvency of the retirement system - let's just say they're weathering this better than we are.

The additional credit cost $120,940.04 and increases my pension by $965/month. On a return of capital basis, I need to live just over 10 years in retirement. On a return of investment basis, I'd need to make better than 9 percent with that lump sum. I don't think I can get that in this market, or for some time to come.

When you factor in that I could pay the amount in one lump sum payment straight from my 403(b), shielding that amount from payroll taxes, the deal gets even better. The system also lets you make after-tax payments over 10 years at 7.5 percent interest, which makes it less appealing.

Having made this decision, I've answered by earlier question about the value of a pension in overall net worth - to me, it counts! I now have $275,116.59 with the system and I contribute $468.25 monthly. It means I could walk out the door tomorrow and have a pension worth 66 percent of my salary, guaranteed for life with a small COLA each year.

We're still contributing the maximum to the 403(b) and 457 ($44,000 annually) and $12,000 for our two IRAs and hoping that some day that level of saving will pay off in our portfolio.