Another month has passed and it is time for the third installment of the transparency series.
music selection: “Whiskey Man” — Molly Hatchet
Wells Fargo (taxable): This finished the month at 20,099, down from 21,239 last month. Shares of CPLP were the main driver.
Interactive Brokers (taxable): This finished the month at 164,096, down from 165,501 last month.
Interactive Brokers (tIRA): This finished the month at 99,564, down from 101,200 last month,
Checking: This finished the month at 9,137, up from 8,021 at month end.
Total investable assets finished at 292,896, down 1.04% from last month.
Home – paid.
Car – paid.
Income tax liability of about 12,000 (I’ll know more after I file 2015 in April.) I will send a few thousand from checking on 1040-ES by the 15MAR2016 quarter one deadline. I am hopeful for a win in the UVXY column to finance the tax bill.
Withdrawal rate grew slightly last month. Twenty-eight hundred a month against 292,896 is 11.47%. Current projected twelve month dividends, distributions, and interest come to 33,392 or 99.38% of my budget. I collected an additional 810 in January option premiums and 895 in February options premiums. I project 1,142 for March premiums. So cash flow looks good.
Spending for the month was very good at 1,566. That is down from 1,702 last month. If I can keep a handle on spending, it will let me meet the tax liability by year end without making an additional withdrawal.
Devour your prey raptors!