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Showing posts from September, 2018

Retirement Portfolio Net Worth - as of Sept4-2018

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 managed to contribute $1000 into our investment account last month...not much but better than nothing. I did however put a few thousand dollars, and a couple weeks of sweat equity into the cottage last month. I figure being handy saved me about $6000 on that job. I likely won't be making any meaningful contributions next month either as I still have to contribute to our childrens education savings plans. ASSETS Aug Contributions: $1000 Retirement Portfolio: $507,157 (up $640 stock market gain + $1000 contribution) Rental Property #1: $105,000 (lowest estimated selling price) Rental Property #2: $155,000 (purchase price) Total Ret