Retirement Portfolio Net Worth - as of Aug1-2018
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. We didn't make any new contributions (yet again). However, we still had a stellar month with our net worth increasing by $15,000. The majority of this gain is due to stock market gains. Although, it looks great on paper next month could easily see drop of the same value. ASSETS July Contributions: $0 Retirement Portfolio: $505,517 (up $13,201 stock market gain) Rental Property #1: $105,000 (lowest estimated selling price) Rental Property #2: $155,000 (purchase price) Total Retirement Assets: $765,517 (up $13,201) LIABILITIES : Investment Loan: $22,904 (down $1,012) Rental Property Loan #1: $72,373 (down $511) Rental Property Loan #