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Retirement, Emergency Fund, and Net Worth Updates

June 7th, 2023 at 11:08 pm

I updated my sidebar.  There has been some serious progress made in DH's 401K since the last time I upated retirement and of course that has propelled net worth forward a great deal.  DH has been working 80 hour weeks since the last week of April, so that has doubled his contributions and it has doubled the amount that his work has put in as well.  So 3/4 of the rise is due to contributions.

The rate of return for the year isn't great compared to any time in his working life except the two Obama years in a recession and last year (also was in a far worse recession by definition even though they won't call it one), but it is almost 8% for the year at the moment, which I will happily take over the negative of last year, or the 2% and 3.5% we earned during those two Obama years, which at least were still positive.

I remember how excited I got when our net worth hit $100K and then $150K and now $175K. We will soon be closing in on $200K.  I know they say once you hit the first $100K stuff starts to pile up more quickly, but it is really weird to see it.  Usually at the end of June is when they dump in more company stock, too.  I'm not sure how much DH will get.  You get a certain percentage just for working there, based on how many years you have worked there, but it doesn't vest for 3 or 4 years, and then you get bonus shares on top of it based on how many hours you have worked beyond your regular hours, and how high up in the company you are, if you have gone above and beyond your duties, etc.  And sometimes there are bonus shares if someone has retired and sold back their shares, which you have to do when you retire.

Anyway, DH is now fully vested in both his company stock and his 401K, so it is all his.  He loves his job and he isn't going to leave it, but if he suddenly had to he could roll over the full 401K and sell back the full amount of stock.  That's always a good place to sit.

I also updated the Emergency Fund.  It was off by $500.01.  That was a payment to the mold guy.

I had a great dream last night that my mother won the lottery, the biggest jackpot ever recorded, and we never had to worry about money again.  A nice retirement was assured.  Wouldn't that be piece of mind?

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