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Financial Transparency as of 31MAR2017

Month three of 2017 is in the bag.

music selection:  “Wild Thing” — Tone Loc

weigh-in:  213.0 (1.0)

 

ASSETS:

Wells Fargo (taxable): This is up 150 dollars to 30,686.  Yield on market price is 10.49%.

Interactive Brokers (taxable): This is up 8,268 from 277,750 to 286,018.  That is a monthly gain of 2.98%.  Yield against market price is 8.02% in this account.

Interactive Brokers (tIRA): This is up … wait for it … 3 dollars since last month.  Current mark – 147,687.  I’m still waffling on whether to start converting this to a Roth account.  I will probably now wait to see how the Republican tax reform shakes out before making an election.

Checking: Cold hard cash is up 749 dollars since last month to 10,345.

Tax refund applied to 2017 liability: This is up to 8,510 thanks to tax loss harvesting and another year of collecting the maximum Obamacare subsidy.  That trick is probably played out as I am out of material tax losses to harvest and hope not to create any new ones!

 

LIABILITIES:

Home – paid.

Car – paid.

Tax liability for 2017 is hard to pin down but it looks like it could be a few thousand over what I have applied from prior refunds.  I’ll probably make some estimated payments just to be sure.

 

WITHDRAWAL RATE:

My withdrawal rate (based on assumed 25,000 annual withdrawals) is 5.27%.  Projected twelve month dividends, distributions, and interest come to 26,148 or 104.59% of budget.  I collected 596 in options income for the month of March.  Based on my current pace for the year, annual options income will come in around 28,839 or over 115% of budget.  Things look pretty rosy.

 

SPENDING:

Total spending for the month came in at 1,453.  That is an improvement from prior months.  My current pace annualizes out to 19,412, leaving 5,588 of slack in the budget.  Some of that will go to pre-paying 2017 tax liability though.

Devour your prey raptors!

{ 2 comments… add one }
  • Chris B April 6, 2017, 4:16 pm

    The most meaningful summary metrics are your withdraw rate and your savings rate. I see your withdraw rate falling over time. What’s your savings rate / portfolio growth rate?

    With a 5.27% withdraw rate, you will soon have a decision to make. Is your end game to:
    1) Scale back to a lower risk portfolio that will fall less in the next recession, and get to a point where you can set it and forget it, or…
    2) Maintain a growth perspective and generate as much reinvestable income as possible here and now. Continue active trading of riskier-than-average assets in the foreseeable future?

    Not sure which path I’d choose in your position – pursuit of safety or growth – so your rationale is of interest. My portfolio already resembles the safety choice, but I am also not FI.

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