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Showing posts from November, 2020

Retirement Portfolio Net Worth - As of Nov2-2020

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. We didn't add any new money to our retirement portfolio this month but did put some extra money toward debt repayment. In total we paid off $5,774 worth principal in October. However, our portfolio declined by $11,038 due to stock market decline. ASSETS Oct  Contributions : $0 Retirement Portfolio: $484,309 down  $11,038  (stock market decline) 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: $1,024,309 (down $11,038) LIABILITIES : Rental Property Loan #1: $53,991 (down $3820) Rental Property Loan #2: $135,658 (down $