Month two of 2017 is in the bag.
music selection: “Black Mambo” — Glass Animals
Wells Fargo (taxable): This increased 2.65% over last month to 30,536. This portfolio has a current yield over 10%.
Interactive Brokers (taxable): This decreased this month by 0.71% to 277,750. Current yield here is a little over 6%.
Interactive Brokers (tIRA): This increased 3.77% to 147,684. This is where most of my insurance holdings are. I expect this portfolio to do well under Trump financial deregulation.
Checking: This is up 5.13% to 9,596.
Total liquid networth sits at 465,566, up 1.00% over last month.
Home – paid.
Car – paid.
Income tax liability should be zero for 2016. I have enough not taken as prior year refunds to cover my liability and should also collect an Obamacare subsidy. I’m still waiting on K-1s before I can file.
My withdrawal rate (based on assumed 25,000 annual withdrawals) is 5.37%. Projected twelve month dividends, distributions, and interest come to 25,922 or 103.69% of budget. I collected 2,985 in options income for the month of February, of which 1,365 was from rolling UVXY puts. Based on my current pace for the year, annual options income will come in around 29,500 or over 110% of budget. Things look pretty rosy.
This was a good month on spending containment. Total outflows totaled 1,643. I am pacing to finish the year about 5,000 under budget. I’m still kicking around the idea of doing 20,000 in Roth conversions which would consume that 5,000 surplus.
Devour your prey raptors!