Another month in the bag.
music selection: “Absolution” — The Pretty Reckless
weigh-in: 212.4 +1.4 – doh!
Wells Fargo (taxable): 28,697 – up 310 from 28,387. Yield on account 10.98%
Interactive Brokers (taxable): 258,232 – up 5,288 from 252,944. Yield on account 9.00%
Interactive Brokers (tIRA): 130,754 – up 3,425 from 127,329. A 2.69% return on the month.
Checking: Cash on hand is up to 10,777. It will draw down next month as I just authorized 1,100 to be paid for my home insurance.
Total Liquid Networth: This is up 10,839 from 417,621 to 428,460. Increase for the month was 2.60%.
Taxes: I currently have an additional unfunded tax liability of about 1,500. I will be tax loss harvesting this year to reduce that to zero and hopefully qualify for an Obamacare subsidy.
Projected twelve month withdrawals are unchanged at 24,863. Against a networth of 428,460, that is a withdrawal rate of 5.8%. Offsetting the 25k withdrawal is 26,390 in projected twelve month interest, dividends, and distributions. That is 106.14% of the budget. In addition, there were 2,249 in month options premiums earned.
Spending is up this month to 1,857. It’s under budget but not by much. For the rest of the year, I have some big expenses of 1,100 in home insurance to pay plus about 2,500 in real estate taxes coming due. I’ll struggle to stay on target but I’m well ahead of pace and have some room to give.
Devour your prey raptors!