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