Retirement Portfolio Net Worth - As of May31-2024
The goal: 1. Retirement Equity Portfolio of $1,000,000 2. Passive income from Rental Portfolio of $70,000 3. Annual Passive Income of $100,000 (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: No major expenses to report. The markets are holding up and our retirement portfolio grew by $12,356 (including a $7,100 contribution). ASSETS. Apr/May Contributions: $7,100 Retirement Equity Portfolio: $821,240 (UP $12,356) Rental Property #1: $150,000 (estimated selling price) Rental Property #2: $350,000 (estimated selling price) Rental Property #3: $350,000 (estimated selling price) Rental Property #4: $275,000 (estimated selling price) Total Retirement Assets: $1,946,240 (UP $12,356) LIABILITIES : Rental Property Loan #1: $40,155 (down $387) Rental Propert