Right back to where we started...
December's fallout was more like a fake-out. Investments recovered and kept going. Primerica brokerage is now but a memory as the Roth IRA was officially moved to Fidelity, using the same mutual fund as before (but without the annoying front-load fee). Roth investing is maxed at $6000/year. Unfortunately I didn't take advantage of the dip and left my SEP in Money Market, which still commands a respectable 2% interest rate but could have been a lot more had I moved it into equities. I'll have to be a little braver sometime this year! Note above I've also taken the HSA from "Other Assets" and combined it with the Retirement category for a better overall picture.
Personal Property values have also shifted south as I recalibrated all my belongings. However there are some collectible items worth quite a bit that aren't listed here. I may be selling some of these collectibles in the near future and shore them up in investments.
A preliminary run on 2018 taxes shows it ain't too pretty. Looks like I'll be owing north of $3,000 (combined federal and state) despite maxed out SEP/HSA contributions. I was just TOO good making money and not anticipating the higher tax bill. As a result I've eliminated most W-2 allowances for 2019 and increased estimated quarterly payments, which pretty much offset the 5% raise from the primary salary. Oh well, I will likely stay in the low 6-figure income range so I better make sure to get it right next time!
So much more to come. |