EscapeVelocity's Net Worth for January 2022


Assets Value Change ($) Change (%)
Stocks & Bonds $22,810,150 $1,922,839 9.21%
Retirement $1,720,768 $33,907 2.01%
Home $2,698,027 - -
Other Real Estate $438,454 - -
Cars $30,000 - -
Personal Property $0 - -
Business $1,750,000 - -
Sail Boat $405,000 - -
$29,852,399 $1,956,746 7.01%
 
Debts Value Change ($) Change (%)
Home Mortgage(s) $0 - -
Other Mortgage(s) $0 - -
Student Loans $0 - -
Credit Cards $0 - -
Car Loans $0 - -
Other Debts $0 - -
Total Debts $0 - -
Net Worth $29,852,399 $1,956,746 7.01%
*All values shown in USD ($)
Notes:
2021 was another great year to be invested, returning 24% annually, excluding dividends (which added another 2% to our annual returns). As it stands, I am set to be fully retired by about April 2022 and will begin living off of dividends after Q1 2022.

My dividends should generate about $400,000 per year and since they are virtually all QDI, the federal tax rate will be very favorable (provided I don't start working again). Moreover, my income taxes on those dividends will be paid by my monthly tax-free municipal-bond income so it's really $100,000 spendable every 3 months.

Clean and simple.

Next up is fully closing up my "shop," which I'm expecting will generate about $2 million in after-tax income through Q1 2022 (i.e., this is why the remaining business amount is still at $1,750,000), and then selling my primary residence. Although it seems smart to rent vs. buy in this real estate environment, the rental market is just as crazy and, with dogs and step-kids, it's a huge pain. Besides, I look at my home as a "bond" which makes my overall asset allocation more conservative. Anyway, we still need to find and secure a new place, so we'll see.

Happy new year to you all.

Comments

1/16/2022 5:19:58 PM UTex08
What kind of shop are you closing up? Is this a business you can sell?