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Showing posts from May, 2021

Retirement Portfolio Net Worth - As of May3-2021

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. Everything was quiet with the rentals this month but I'm anticipating having to spend a few thousand on various repairs in May. We've also been spending quite a bit of money renovating parts of our primary residence (which isn't included in the below figures). The home renovations won't increase the value of our home by a lot but will add some functionality that we've been missing. ASSETS Apr  Contributions : $0 Retirement Portfolio: $615,594  (up $8,449 stock market increase) Rental Property #1: $120,000 (estimated selling price) Rental Property #2: $235,000 (estimated selling price) Rental Property #3: $280,000 (estimated selling