Retirement Portfolio Net Worth - as of Oct1-2018
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 contributions this month and I spent about $500 on materials to spruce up an entryway at one of the rentals. If I had paid someone to do the work I estimate that it would have been about another $500 in labor costs. ASSETS Sept Contributions: $0 Retirement Portfolio: $502,671 (down $4486 stock market and currency fluctuations) Rental Property #1: $105,000 (lowest estimated selling price) Rental Property #2: $155,000 (purchase price) Total Retirement Assets: $762,671 (down $4486) LIABILITIES : Investment Loan: $20,367(down $1,016) Rental Property Loan #1: $71,189 (down $507) Rental Property Loan #2: $150,857 (down $454) Tot