Retirement Portfolio Net Worth - As of April6-2021
T he 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. As planned both of the units in our recently purchased duplex have been spruced up and both are now rented. There is still some work that needs to be done outside and I plan on starting on that in the next couple of months. ASSETS Mar Contributions : $3500 Retirement Portfolio: $607,145 (up $41,924 stock market increase) Rental Property #1: $120,000 (up $15,000 estimated selling price) Rental Property #2: $235,000 (up $30,000 estimated selling price) Rental Property #3: $280,000 (up $50,000 estimated selling price) Rental Property #4: $220,000 (up $20,000 estimated selling price) Total Retirement Assets: $1,462,145 (up $41, 924) LIABILITIES : Renta