Retirement Portfolio Net Worth - As of May02-2023
The goal: 1. Retirement Equity Portfolio of $1,000,000 2. Rental Portfolio Value of $1,200,000 3. Annual Passive Income of $60,000 (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: April was a very quiet month, no major issues with the rentals. ASSETS. April Contributions: $2,000 Retirement Equity Portfolio: $714,357 (UP $18,522 stock market appreciation) Rental Property #1: $130,000 (estimated selling price) Rental Property #2: $350,000 (estimated selling price) Rental Property #3: $300,000 (estimated selling price) Rental Property #4: $225,000 (estimated selling price) Total Retirement Assets: $1,719,357 (UP $18,522) LIABILITIES : Rental Property Loan #1: $42,659 (down $179) Rental Property Loan #2: $113,728 (down $563) Rental Property Loan #3: $172,84