girlnextdoor's Net Worth for January 2021


Assets Value Change ($) Change (%)
Cash $34,043 $972 2.94%
Stocks $42,381 $1,160 2.81%
Bonds $0 - -
Annuities $0 - -
Retirement $617,613 $26,010 4.40%
Home $263,728 - -
Other Real Estate $0 - -
Cars $4,186 ($185) (4.23%)
Personal Property $15,750 - -
Other Assets $0 - -
$977,701 $27,957 2.94%
 
Debts Value Change ($) Change (%)
Home Mortgage(s) $0 - -
Other Mortgage(s) $0 - -
Student Loans $0 - -
Credit Cards $0 - -
Car Loans $0 - -
Other Debts $0 - -
Total Debts $0 - -
Net Worth $977,701 $27,957 2.94%
*All values shown in USD ($)
Notes:
Was a little shocked at how much our retirement accounts were up when I logged in today (1/4). Overall we are up 15% vs. Jan 2020.

For 2021 I have dropped my 401k contribution to 5% and switched it from Roth to trad. I was contributing 10% to Roth 401k, and will put the rest of that into taxable accounts. We look good on the long term retirement front, but if we want to retire early or cut back at some point, we need to bulk up our non-retirement savings.

This year we will max out HSA and contribute some to a limited FSA, so we'll be contributing 13-14k to pretax accounts, on ~100k income. Still working through the rest of our 2021 goals. 2020 was our first year with an HSA, and we maxed it out while cash flowing medical expenses so it's currently a little over 8k. I lump it in with stocks here.

Comments

1/4/2021 8:20:59 PM licid9
Someone with better knowledge on this subject should comment, but I believe you can withdraw the Roth 401k (or Roth IRA) contributions 5 years after the initial years contribution. ie: 2015 = Contribute $5k and gain $1k over the next 5 yrs = 6k 2016 = Contribute $7k and gain $2k over the next 5 yrs = 9k Total = $12k in contributions and $3k in gains = $15k total account value In 2020 you could withdraw $5k In 202X you could withdraw the $5k & 7k = $12k (but you have to leave the $3k in gains or pay taxes/penalty on their withdrawal). We cash flowed medical expenses while letting our HSA funds be invested in a Total Market fund for the last couple of years. I keep a spreadsheet with all claims data and a file with all receipts (I found the need to photo copy the carbon receipt paper because some of them started to fade on me). I just submitted a few claims at the end of last year and was surprised at how easy it was to get reimbursed for 2-3 yr old claims.