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Month: September 2020

Retirement Nestegg Report August 2020

Retirement Nestegg Report August 2020

Well an all-time record month for our retirement nestegg in every single category. Our nestegg hit an all time high north of $2.3M which was an increase of over $430k over last months all-time high. Our nestegg grew by 23.41% and our individual stock holdings grew by 31.33% compared to the market returns of 7.01% just this month. This now puts our investment gains north of over $1M year to date.

All of this is mind blowing and I don’t even know what to think. This is a combination of us living significantly below our means for our entire lives, investing that money, and then more recently getting incredibly lucky with the small allocation that we had dedicated to individual stocks.

As far as the path forward I very much am aware of the easy come easy go – especially in the short term, especially with the meteoric rise of Tesla which now accounts for 1/3 of our retirement nestegg. Things will be volatile and I do expect I will be writing reports at lower values than this one. Luckily for me I’m playing a long term game so I don’t have to worry about timing the market like an idiot

What I will work on though is increasing the amount of money I can use for early retirement. I have a unique problem of having enough money to retire, but it is currently kind of in the wrong buckets. Most of it is held in my 401k and IRA accounts which I cannot touch for the next 18 years without paying penalties and taxes. I am going to withdraw the $100k or so of contributions that we made to our Roth IRAs and put it into a taxable account to hopefully grow our taxable account to a figure large enough to live off of for the next 18 years.

Fidelity Taxable – $4,889.74(-13.43%)
Taxable Account- $246,889.41(+55.42%)
Private Stock $82,500(+14.58%)
Traditional Rollover IRA – $84,706.37(+9.06%)
My Roth IRA – $826,305.88(+31.36%)
Wife Roth IRA – $460,263.23(+26.88%)
Wife 401k – $5,219.59(+7.38%)
Traditional 401k – $612,867.58(+7.14%)

Roth/(Traditional+Taxable) % = 55.37% (tax free)

Total Retirement Nest Egg $2,323,641.80(+23.41%)
Retirement Salary (4%) $92,945

Monthly Contributions $5000(Taxable)
SP500 Performance +7.01%
My Monthly Investment Performance +23.41% (+16.40% vs SP500)
My Monthly Individual Stocks Performance +31.33% (+24.32% vs SP500)