FatStacks' Net Worth for March 2023


Assets Value Change ($) Change (%)
Cash $2,574 - -
Stocks $236 - -
Company equity $21,789 - -
HSA $15,280 - -
Cars $50,438 - -
Home $210,000 - -
Cryptocurrency $19,083 $1,267 7.11%
401k - Traditional $297,016 $275,949 1,309.86%
401k - Roth $20,657 $20,657 -
401k (old employer) $0 ($132,621) -
401k (older employer) $0 ($172,775) -
401k (spouse) $15,064 - -
Profit Sharing (spouse) $53,261 - -
Boat $45,000 - -
$750,398 ($7,523) (0.99%)
 
Debts Value Change ($) Change (%)
Home Mortgage (15yr 3%) $111,625 - -
Student Loans (2.8%) $4,696 - -
Credit Cards $1,615 - -
Car Loan (72mo 3.82%) $51,416 - -
Furniture (48mo 0%) $3,043 ($118) (3.73%)
HELOC (7.75%) $40,000 $13,600 51.52%
Total Debts $212,395 $13,482 6.78%
Net Worth $538,003 ($21,005) (3.76%)
*All values shown in USD ($)
Notes:
Placeholder entry.

- This month I'm working on consolidating my old 401k's into my current employer, and doing the same with my old HSA. I never separated out my HSAs (here), so there won't be any difference shown once they're rolled in together. “Oldest” employer 401k rolled into my current employer’s plan as of 3/8/23, and “old” employer rolled in on 3/15. HSA consolidated on 3/22.

- Almost all of our retirement portfolio is pre-tax (all but ~19k), so we're starting down the path of funding Roth IRAs and paying down the HELOC since that's a guaranteed return. Longer-term I'd like to have some spare cash for a down payment in case we find a piece of property for a retirement spot.

Updated HELOC to 7.75% and also took out just over $13k for our boat (planned maintenance/upgrade). We have one more large boat expense looming (~10k) but it won’t be until next winter. Then we’ll be “done” for a while.

529: $xx,xxx
FICO: xxx

Comments

3/7/2023 10:04:49 AM FatStacks
We just dropped our pre-tax 401k contributions down to the minimum (that still gets us our match). We're instead going to max out our Roth IRAs and pay down the HELOC since the rate has crept up, and I don't see it coming down for quite some time.
3/27/2023 1:57:19 AM GetMeOutofWork
We've dropped my spouses 401k contribution to 2% because there is no matching contribution at the moment. Hopefully that will change in the future. We are saving the rest of what he should be saving into his Roth IRA. I'm hoping the after tax growth will be a better deal in the future since we'll be in a higher tax bracket if all goes well.