Retirement Portfolio Net Worth – As of July 3 - 2018
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 RESPs. Well I wasn’t able to contribute any new capital this month as we’ve been on a little bit of a spending spree recently. We spend around $1,200 on travelling this month as well as bought some expensive water toys (kayaks, paddle boards etc…) for the cottage. It’s always a battle to balance my love of frugality with the rest of my family’s love for stuff…but I digress. Some positive news is that our retirement portfolio net worth has finally broken the $500,000 mark. It took a while to get here but barring any major market catastrophes I’m still on track to reach my goal of being a millionaire by 2025. ASSETS June Contributions: $0 Ret