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2016 summary of finances

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    2016 summary of finances

    With 2016 coming to a close I thought it would be a good idea for everyone to share how they made out this year.

    How much has your net worth grown? How much has your 401K increased? Taxable accounts increased? Roths increased? What percentage were you up/down for the year? Any milestones reached? Or investments that went south...

    Ill update this thread with mine on Dec 31...by then I will have all the numbers crunched. Also...we have 2 more days for the market to bounce around.

    #2
    Current Status, sorta

    Best I can figure is that my net worth has grown by approximately $12,000. Mortgage has been reduced by $8000(regular payments, plus prepayments), and I have about $4000 more in the short term savings/chequing accounts. I don't track my long term savings accounts(mutual funds, 401k), yes I look at them once in awhile, but since I really can't influence the results I don't track the gains/losses in my brain.

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      #3
      I won't have numbers until the weekend or whenever I have time to sit down and calculate everything but I'll try to remember to post when I do. I know our savings took a pretty good hit, but at the same time, we added a couple of new accounts like our HSA and my new 401k so it might at least partly balance out.
      Steve

      * Despite the high cost of living, it remains very popular.
      * Why should I pay for my daughter's education when she already knows everything?
      * There are no shortcuts to anywhere worth going.

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        #4
        Net worth went up $285k. Hit $850k NW and on track for $1M next year. Most of that was 401k, Roth's and taxable. Car depreciation offset house appreciation for the most part.

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          #5
          • Net worth will be up around 10%.
          • 401(k) and IRA will increase by just about 6% (not including contributions).
          • Cash for various deferred accounts will increase by 23%. That's after tuition payments and vacations. (Of course, that's why we make monthly deferred payments!! )

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            #6
            Originally posted by tomhole View Post
            Car depreciation offset house appreciation for the most part.
            Do you claim it as a business expense?

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              #7
              Originally posted by Nutria View Post
              Do you claim it as a business expense?
              Can't. Don't have a business.

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                #8
                this year was about debt payoff: 52k and 6400.

                18k and 5.5k to retirement savings.

                sold remainder sets of company stock options (net 15k or so).

                overall cash savings decreased by 20k (I had too much cash on hand so I put it to work, conservatively).

                taxable up a little, roth up a little more than taxable; 401k up a lot more than the previous two.

                just have 9.9k at 1.9% left in debt.

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                  #9
                  I turn 34 today! Gosh time flies..used to age slowly...now every year just goes by so quickly.

                  Yearly report.

                  NW beginning of 2016
                  ~950k-1 million

                  Income post tax: ~250k (401k already taken out)

                  Expenses:
                  -110k on a pool/summer kitchen
                  -7k on a used car when factored in the one we sold to replace this
                  -~40k in living expenses, vacations, gas, food, electricity, property taxes, everything

                  Savings for the year:
                  28.5k for Child's prepaid college tuition
                  56k in Peerstreet
                  24k in vanguard taxable
                  18k in 401k
                  5.5k in roth IRA
                  5k in Lending club
                  7.5k in preferred stocks.
                  31k of random money that needs to be invested

                  Liabilities: 0


                  House value: beginning of 2016: ~620k
                  End of 2016 ~850k (mostly it's the pool)
                  401k Beginning of 2016: ~144k
                  401k End of 2016: 187k

                  NW end of 2016 ~1.36 million

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                    #10
                    Originally posted by Singuy View Post
                    I turn 34 today!
                    Happy birthday!
                    Steve

                    * Despite the high cost of living, it remains very popular.
                    * Why should I pay for my daughter's education when she already knows everything?
                    * There are no shortcuts to anywhere worth going.

                    Comment


                      #11
                      Happy Birthday as well. I'll crunch numbers later.
                      LivingAlmostLarge Blog

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                        #12
                        Because of this thread, I started working on some numbers last night. I know it's a bit of a waste of time because I'll have to do it again in a few days but I was bored.

                        Assuming the market doesn't crash in the next 48 hours, it looks like we made out reasonably okay. Despite some big expenditures, our portfolio is up about 7-8%. I didn't look at the debt figures. We paid off a car, reduced our mortgage balance, and took out a new student loan so it should be fairly even.

                        Final numbers to come soon.
                        Steve

                        * Despite the high cost of living, it remains very popular.
                        * Why should I pay for my daughter's education when she already knows everything?
                        * There are no shortcuts to anywhere worth going.

                        Comment


                          #13
                          Just checked my savings. Noticed that fidelity no longer displays the account value change graph it used to have on my home page (can't even find it anywhere).

                          Overall 401k gained 8-9%; IRA gained 15%; taxable under my control gained 15% (not considering tax); RE gained maybe 5%. 2016 has been good to me (I know it's been even better for wife).

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                            #14
                            Anything not related to investments (house, real estate, vehicles) changed very little, so I'll just report on our investments.

                            Between Jan 1st and today, our portfolio grew $220K. Total return on those investments was just under 10%, which means we contributed about $60K.
                            seek knowledge, not answers
                            personal finance

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                              #15
                              Feh I'm impressed by the investments of $2M.
                              LivingAlmostLarge Blog

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