Net Worth......December 1st Update

We have gone from acquisition mode with money into spend-down mode since we are now officially retired here at Chez Sluggy.

Our Net Worth will no longer be growing(well that's what I thought going into this phase)so I have to stay on top of what we have and where it sits.
I shared where we keep out money and why in the first Post-Retirement Net Worth post HERE.

So here is how the money did in November......

* Checking Account #1 Went down by $2081.35(life is expensive sometimes)
* Checking Account #2  Went up $86.87(monthly interest & blogging revenue)
* Savings Account  Went down $1.00(monthly fee)
* Online Accounts  Went down $620.22(monthly interest was a lot less than the withdrawals to buy gift cards)
* Certificate of Deposit  Went up $253.69(interest)
* US Savings Bonds  Went up $5.00(interest)
* Cash on Hand  Went up $87
* 401K Account  Went up $2,146.27(monthly interest) We didn't have to tap it in November so it just grew. 8-)
* HSA Account  Stayed the same.  Again we didn't have to tap this account for medical expenses.
* RMSA Account  Went down $1342.46.  The interest earned on this account offset the healthcare premium reimbursement amount by $429.48 so it didn't go down as much as it might have.

Overall we are $1771.94 down from October's Net Worth.  Between the interest on all accounts and income received, weighed against our spending last month,  our holdings sank by the amount of our healthcare premium in November.
Decreasing our wealth holdings is the norm in full retirement but we didn't lose much ground last month so I'll take that as a win.

I am by no means a financial expert but I'll readily share what worked for us on our financial journey if you have questions.

Did you increase your net worth last month?
Do you have a retirement plan in place?

Sluggy

Nov 1st Net Worth....Update Quickie

We are actually up almost $12k from October 1st's net worth overall(only liquid cash/investments/bonds, as I don't count housing or car values).  The retirement accounts were up $6K+ for November 1 from October's calculations and the cash reserve/non-retirement accounts were up $5K.

I didn't post the October 1st Net Worth...how did I forget that? lolz
We were almost $13K up in Oct. from Sept. net worth so this month is a bit lower but still, I'll take it!!! 8-)

We are up $90,426.96 from one year ago, in the November 1st of 2015's net worth snapshot.  Even with miserable interest rates and a lackluster stock showing lately, over the course of a year it still grows at a decent clip when you have a good chunk of money invested. ;-)  Even though we are mostly out of the stock market with our investments now since we are so close to retiring we still earn a nice hunk because of the size of the pot.

We are still in acquisition mode as Hubs still has a good income.  Unless something unfortuitious happens we should keep rolling along and tucking money away, even with our expanded living costs with 2 grown kids home fulltime, for at least another year+.  The plan is still for Hubs to retire once College Boy graduates college but the moving away piece of the puzzle won't be happening quite as soon as that since Daughter is still living here so she can finish school.

Some people wonder why I am so focused on saving so much money for our retirement.
We have no pensions(government or private company)coming to us from an employer is at the base of this thinking so we can't rely on that steady monthly income stream to help keep us afloat in our old ages.  We will receive SS however(unless it goes belly up or close enough to it that the Asshats in Washington start means testing who will get what they put into it-but that's another rant for another time).
The main reason being twofold--

1-Hubs will be retiring before the age when he can collect Social Security benefits and receive Medicare.  Since I am even younger, that means I will also be healthcare shopping(+ 9 extra months worth for me)on a Government Exchange(or whatever the system is that is in place at that date)once Hubs employer isn't extending their coverage to us, before I can receive either SS or Medicare too.  Hubs employer gives retirees a lump of cash to cover some medical once they retire but it's not even close to what health premiums and deductibles will cost for those 4-7 years we may need to "bridge" to SS and Medicare.  We also have an HSA which we haven't tapped yet and are also squirreling money away in for later use, once Hubs retires and our medical bills increase.

2-I have chronic illness and am a "frequent flyer" when it comes to health services.  Except for 1 short term issue, Hubs has no health problems(well, if you don't count that I am a pain in his ass).  He takes nor needs any medications.
Lucky duck! lolz  I will always need healthcare and I suspect the costs will just keep going up(Ya think??).  Sluggy is NOT a cheap date...... ;-)

My thinking is no matter how much you think you will need to live when you get old, it won't be enough.  At some point it's going to run out.
So save whatever more you can, when you can as long as it doesn't take away from your quality of life now.

So I just keep plugging along and updating "where the money stands" until something changes.

Did you increase your net worth last month?
Do you have a retirement plan in place?

Sluggy