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Financial Transparency as of 30APR2018

April results

music selection:  “Harden My Heart” — Quarterflash

ASSETS:

Wells Fargo (taxable): This is up 277 dollars, a 0.94% gain versus last month. The new mark is at 29,668.

Interactive Brokers (taxable): This is up 2,018 to 287,505 a gain of 0.71% versus last month. Rising interest rates have begun to impact my fixed income investments.  I have a few that are variable rate and they are curiously not rising yet.

Interactive Brokers (tIRA): I show 2,566 in gains here this month to 166,821 which is good for a 1.56% monthly gain. P&C insurers continue to treat me well with gains and low Beta.

Checking: I’m up here to 12,218 a gain of 7.45% on the month.

HSA: This account is down 116 dollars, which included about a 100 to purchase medication, to 3,280.  That is a 3.41% decline.

Total Assets: I am still below the half a million mark.  March finishes at 499,492. That is good for an overall monthly gain of 1.13%. I will continue to monitor trailing stops.

 

LIABILITIES:

House: Paid

Car: Paid

Taxes: I prepaid an additional 500 and now have a tax asset of 12,445.

 

WITHDRAWAL RATE:

The budget is again set at 25,000.  Against a liquid networth of 499,492 that is a withdrawal rate of 5.01%.  Current annualized distributions, dividends, and interest come to 31,591 or 126.36% of budget. I also earned 4,158 in options income during April.  Annual options earnings  should easily cover the budget two times over this year.  That is a great comfort when my balances are declining as I know I will not be forced to sell low.

 

SPENDING:

It was a good month.  Spending was only 1,523 dollars for the month of April.  I am on pace to spend only 16,266 this year.

Devour your prey raptors!

{ 4 comments… add one }
  • Chris B May 1, 2018, 9:17 pm

    Could you explain what you mean by your “tax asset” of 12,445? Also, I’m curious about the requirements and mechanics of tax prepayment for retirees living off of investments. Thanks and I appreciate this blog!

    • The Lizard King May 1, 2018, 11:43 pm

      Sure,

      I had a “refund” on 2017 filing. I didn’t take it as cash and left it on deposit for 2018 liability. I added 500 dollars to that for my quarterly estimated payment to bring my total of prepayments to 12,445. You have to pay 100% of the prior year or 90% of the current year to avoid a 10% penalty. If your income is over 150,000 you are expect to make the quarterly payments “equal”. I’m making four 500 dollar payments this year in additional to my rollover from 2017 in anticipation of a larger tax bill. So far, I’ve been lucky in early retirement and paid very low taxes thanks to tax loss harvesting. That trick is about played out though.

  • chomper May 5, 2018, 3:55 am

    Velociraptor,

    I have really enjoyed reading your monthly transparency reports. You have inspired me to start doing something similar over on Seeking Alpha with my non-retirement (early FI) investments. My profile is here and first article if you are interested.

    https://seekingalpha.com/user/3010451/comments

    https://seekingalpha.com/instablog/3010451-123098567432/5154916-financial-report-april-2018

    • The Lizard King May 5, 2018, 6:11 pm

      Best of luck. I find the Transparency effort forces me to remain honest with myself. That is useful.

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