One month has passed and it is time for Transparency mark II
music selection: “Into The Nothing” — Breaking Benjamin
weigh-in: 212.6 +1.6 – doh!
Wells Fargo (taxable): This finished the month at 21,239, down from 23,309 at year end.
Interactive Brokers (taxable): Here I finished the month at 165,501, down from 213,223 at year end.
Interactive Brokers (tIRA): This account is also down to 101,200, from 106,722 at year end.
Checking: Here is a bright spot up to 8,021, from 6,401 the prior month.
Total investable assets come to 295,961, down 15.36% from 349,655 at year end.
Income tax: Still estimating about 11,500 due by 15JAN2017. Roughly on track to cover the liability but it is going to be tight.
I am keeping my withdrawals at 2,800 dollars a month. Versus my investable asset base of 295,961, that is a withdrawal rate of 11.35%. Obviously, this is higher than last month and is approaching a range that makes me a little uncomfortable. I expect roughly sideways market action for much of the year and should be able to recover if that holds.
Spending was 1,702 for the month, well below the 2,000 target. The month saw two major home expenses for chimney repair and water heater replacement. I put all expenses on the credit card and pay the balance in full each month to collect 2% cash back. So those expenses will actually show up on next month’s spending report. Might go over budget.
Devour your prey raptors!