Retirement Portfolio Net Worth - As of June1 -2020
The goal is a retirement portfolio net worth of $1,000,000 and an annual passive income of $40,000. We are currently mortgage free but won’t be including the value of our principal residence or cottage as we have no plans to sell either. We have also omitted the value of our workplace defined benefit pension plans and our children’s RESP. I was able to sock away another $4000 this month which is great. I had a number of plumbing issues at one of the rentals this month and had to spend approx. $350 and about 12 hours of my time to get them resolved. It was a bit of pain but hopefully I'll be good for a number of years in that unit now. ASSETS May Contributions: $4000 Retirement Portfolio: $450,932 up ($6,310, stock market + $4000 contribution) Rental Property #1: $105,000 (estimated selling price) Rental Property #2: $205,000 (estimated selling price) Rental Property #3: $230,000 (purchase price) Total Retirement Assets: $990,932 (up $6,194) LIABILITIES : Investment