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Net Worth | June 2024
Welcome to the June 2023 edition of our net worth tracker, where we’ll track our net worth month over month. I first started tracking our net worth at the time this blog was started, which was at the beginning of September 2019. I started by creating the Net Worth Baseline report. You can view Previous Net Worth reports HERE. Let's dive straight into this month's report. Monthly Roundup Previously, I would go through my month, and go over the highlights. These days I’m doing it a little differently. Unless you convince me that you want to hear about my month, I'm not going to talk about it. June 2023 Net Worth Here’s how June compares to last month: June Account Breakdown Let’s take a quick look at what happened in June. Cash (-$2,687.58) Monthly Blurb: This is where our paychecks get deposited. All our income goes into this account and ...
2022 Net Worth | December + Annual Summary
Welcome to the 2022 year-end edition of our net worth tracker. I’ll review our December net worth as usual and then take a look at how 2022 treated us overall. I started tracking our net worth when this blog started, which was at the beginning of September 2019. I started by creating the Net Worth Baseline report. You can view Previous Net Worth reports HERE. Our December December, as usual, was a busy month for us. We did our normal work routine during the week, aside from Christmas week. Our plans filled with friends and family were foiled by colds, fevers and Mr. 19. We'll get together eventually and have Christmas in January. That said, my family still enjoyed our time together and we had fun! December 2022 Net Worth Here’s how December compares to last month: December Account Breakdown Let’s take a quick look at what happened in December ...
401a vs 457b: What’s the Difference Between 401(a) and 457(b) Plans?
The road to retirement can seem complicated, especially when navigating the multitude of retirement savings options available. For those working in government sectors and certain non-profit organizations, two popular options are the 401(a) and the 457(b) retirement plans. While both are designed to offer tax-advantaged retirement savings, they differ in their features, benefits, and regulations. In this article, we look into understanding these two types of plans — 401(a) and 457(b). We’ll examine their structure, contribution limits, tax implications, and benefits and explore the distinctive features of each. We also touch upon the age-based and special contribution rules and the types of investment products available in a 457(b) plan and discuss various aspects related to withdrawals and distributions from these plans and what happens to your 457(b) plan in the event of leaving your job, divorce, or death. 457(b) Plan vs. 401(a) Plan Comparison Chart In the complex landscape of ...
2020 Net Worth | December + Annual Summary
Another amazing year for our net worth as 2020 comes to an end. A look at our 2020 summary. as well as the usual monthly net worth.
4 Reasons Why Net Worth is Important
No matter where you are financially, knowing your net worth can help you with your money. Here are four reasons why you should track your net worth.