It’s Financial Transparency time.
music selection: “Slide” — The Goo Goo Dolls
weigh-in: 210.6 (1.4)
Wells Fargo (taxable): This is up 596 dollars to 29,293, a 2.08% gain versus last month. I have a change coming up in this account as I want to harvest a tax loss.
Interactive Brokers (taxable): This is up 5,522 to 263,754, a gain of 2.14% versus last month. I’ll log into this account today to close my hedge.
Interactive Brokers (tIRA): I show 4,064 in gains here this month to 134,818, which is good for a 3.11% monthly gain.
Checking: I’m down 3,765 here to 7,012, a decline of 34.94% on the month. I’ll explain in the SPENDING section.
Total Assets: Good news over all as I’m up to 434,877 at the end of November. Good for an overall monthly gain of 1.50%.
Taxes: I should be able to harvest enough tax losses to make my tax burden immaterial this year. I should also qualify for an Obamacare credit!
My projected 12 month withdrawal sits at 23,816. Against an asset base of 434,877, that is a projected withdrawal rate of 5.48%. Quite a bit of improvement from the beginning of the year! Current annualized distributions, dividends, and interest come to 23,252 or 97.64% of budget. I also earned 1,525 in options premiums during the month.
This was another spendy month. The damage is 3,836 bones. I had two real estate tax bills, auto insurance, and some Christmas expenses hit all at once. I’m also taking a trip (flying) in December so the airfare hit the credit cards this month too. Spending should return to normal in December as all expected out of ordinary expenses should be covered. This brings average spending for the year to 1,910 a month. Not too shabby.
Devour your prey raptors!