Retirement Portfolio Net Worth - As of Sept30-2020
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. Pretty steady-eddy this month we paid off our investment loans, only spent about $50 on the rentals and our retirement net worth basically stayed the same (down 0.5 %). ASSETS Sept Contributions : $5000 Retirement Portfolio: $495,347 down $6,137 ($11,137 stock market decline + $5000 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: $1,035,347 (down $6,137) LIABILITIES : Investment Loan: $0 (down $515) Rental Property Loan #1: $57,811(down $549) Rental Property Loan #2: $136,397 (down $745) Rental Property Lo