Retirement Portfolio Net Worth - As of May2-2025

 The goal:

1. Retirement Equity Portfolio of $1,000,000
2. Passive income from Rental Portfolio of $70,000
3. Annual Passive Income of $100,000 (rental income + dividends combined)

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 children’s RESP.

COMMENTARY:
I've missed a few updates but hope to get back on schedule. Over the last four months I've refinanced most of the rental properties and shuffled money around to pay down my higher interest loans. As a result the amount owing on some of the rentals has changed dramatically but the overall amount owing is still the same. No money was taken out of the rentals for other purchases. Our investment accounts have also had some pretty wild swings since January due to the fickle on and off of US tariff policies.

ASSETS.

Jan to May Contributions: $13,700
Retirement Equity Portfolio: $955,519 (UP $34,980) 
Rental Property #1: $220,000 (appraised value)
Rental Property #2: $350,000 (appraised value)
Rental Property #3: $400,000 (appraised value)
Rental Property #4: $375,000 (appraised value)
Rental Property #5: $350,000 (purchase price)

Total Retirement Assets: $2,650,519 (UP $34,980)

LIABILITIES:

Rental Property Loan #1: $37,269 (down $1,193)
Rental Property Loan #2: $225,553 (up $130,129)
Rental Property Loan #3: $145,832 (down $3802)
Rental Property Loan #4: $127,514 (down $26,152)
Rental Property Loan#5: $195,362 (down $110,270)

Total Liabilities: $731,530 (down $11,288)

Retirement Portfolio Net Worth: $1,918,989 (up $46,268)

Dividends Received (year to date): $11,410

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