scrabbler1
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
- Joined
- Nov 20, 2009
- Messages
- 6,716
I did not want to hijack the "How far are you from your all-time high?" thread, but I did mention that I was getting close to the $1M mark for investment assets (retirement and non-retirement), an amount I was close to in 2008 before I retired.
Back then, I was at about $975k when I cashed out my company stock worth about $300k. I paid most of the state taxes that December and most of the federal taxes last April, maximizing my ability to deduct state taxes while meeting minimum estimated tax amounts. That, along with the falling stock market, dropped me down to under $800k for a little while in 2009. But the stock and bond markets have rebounded nicely so I am not only at an all-time high but am very, very close to the $1M mark ($997k). I am counting my small checking account balance (assuming all my checks have cleared) but am not including the $2k balance of an outstanding (and unsecured) loan to a close friend.
Remaining bills this month will set me back a little bit but continued growth in my portfolio along with a quarterly dividend in one stock fund will keep me moving toward the $1M mark, so I could easily hit it any day now.
My 47th birthday is in a few weeks so that would be a great b-day present!
Life is good.....
Back then, I was at about $975k when I cashed out my company stock worth about $300k. I paid most of the state taxes that December and most of the federal taxes last April, maximizing my ability to deduct state taxes while meeting minimum estimated tax amounts. That, along with the falling stock market, dropped me down to under $800k for a little while in 2009. But the stock and bond markets have rebounded nicely so I am not only at an all-time high but am very, very close to the $1M mark ($997k). I am counting my small checking account balance (assuming all my checks have cleared) but am not including the $2k balance of an outstanding (and unsecured) loan to a close friend.
Remaining bills this month will set me back a little bit but continued growth in my portfolio along with a quarterly dividend in one stock fund will keep me moving toward the $1M mark, so I could easily hit it any day now.
My 47th birthday is in a few weeks so that would be a great b-day present!
Life is good.....