Overall
October was another good month for our net worth. Our net worth decreased $111,635.09 from last month to a total of $2,530,024.29 (see spreadsheet screenshot).
Retirement Accounts
Our retirement accounts are comprised of our 401(k)s, our Roth IRAs and our Traditional IRAs. My Wife’s contributes 4% to her 401(k) and her company matches 4% and chips in an additional 6% (lump sum) every March. This month, she contributed $761.49 to her 401(k). I do not work and do not contribute to a retirement account any longer. The total balance of our retirement accounts decreased $58,376.15 from last month to a total of $1,240,793.35.
HSA Account
We plan to pull from this bucket for health related expenses once my Wife retires. Her company contributes $2,000 annually and we contribute $125 each paycheck. The total current value of the HSA accounts is $4,680.30.
Brokerage Account
Currently, our brokerage accounts consist of stocks and cryptocurrency (I prefer to track crypto in the “Brokerage Accounts” field rather than “Cash & Savings Accounts”). The total current value of our brokerage accounts is $492,743.34, down $45,924.62 from last month.
Cash & Savings Account
Cash and savings accounts consist of a small sum of cash at home, our online savings accounts balance. It does not include our checking account balance that we use to pay our bills each month. Our savings decreased $5,488.87 this month to a total of $36,005.37.
College Savings Accounts
This month, we contributed $0 to our son’s 529 Plan and it decreased $1,014.65 from last month to a total balance of $118,346.96. We contributed $0 to our daughter’s 529 Plan and it decreased $738.97 from last month to a total balance of $86,191.05. Our total 2026 contributions so far are $4,950 for our son and $4,950 for our daughter. We have surpassed our 2026 goal of $9,500 total to our kid’s 529 Plans.
Children’s Retirement Accounts
Our children’s retirement accounts are comprised of Roth IRAs and Trump Accounts. This month, we contributed $100 to our Son’s retirement accounts and they decreased $12.57, to $1,781.20. We contributed $100 to our Daughter’s retirement accounts and they decreased $12.61, to $1,781.60. So far this year, we have contributed $1,650 each to the kid’s retirement accounts. We will be the custodian until our kids turn 18 years old, then the accounts will be transferred into their names.
Home
For our home value, we use the $528K purchase price that we paid in July 2016. Current comps in the area are ~$908K. We paid off our home in September 2021.
Vehicles
My wife drives a company vehicle and has a company gas card. I drive a 2017 SUV (~118K miles on odometer) that we own (no auto loan). My wife gets a new company car next month and it’s a nice one (she receives a better selection of vehicles after her promotion).
Credit Card Balance
All of our credit card debt is paid in full each month.