Well long time, no see. Take a look here if you’d like to see the full story on what led to such a long hiatus. Here we are in December 2017. My last status update was tracking our August numbers just before our move to Chicago.
We are now settled and getting used to the differences in costs of living (it’s so cheap here compared to what we are used to). I am back to work, we are celebrating the birth of our second child, and we just purchased a 2011 Honda Odyssey EL-L. Needless to say, we like to keep things busy and ever-improving.
W2 Income: Operating on reduced income as I was out of work following my incident.
Rideshare: We sold our Mazda6 at the end of November and based on the NY/NJ driver rates, decided it was not worth it to continue driving. I haven’t decided if I will continue driving or not since our move to IL. The wear-and-tear on the car along with the time spent really isn’t worth it.
Etsy: MrsLiveFree’s Etsy shop has been doing well considering we’ve been preoccupied with other life events. She is still working her way through her cache of vintage jewelry and will begin sourcing some new pieces in the spring.
Other: After driving our 2015 Mazda6 for 8 months, we traded it in for $250 less than we purchased it for. Not stellar, but the total cost of owning the vehicle ended up at $206/mo over that course of time.
I spent the last weekend of August looking for apartments on foot in Chicago. We ended up finding a great place but the deposit along with the travel costs really pushed our spending much higher than I would’ve liked for August.
We also spent a few days in hotels to avoid our psycho neighbors (MrsLiveFree did not feel safe at home alone).
We are not doing nearly well as I had hoped this month. The hotels and the prepping for relocation have brought on quite a few expenses and have lowered our overall savings rate. More details below.
Over the hiatus, we were able to transfer all of our Betterment accounts over to Charles Schwab. It took about 4 days to migrate all of our non-401(k) retirement accounts. We are utilizing the Boglehead 3-fund portfolio. This has us invested in SWTSX, SWISX, SWAGX, SCHB, SCHF, SCHZ depending on the account.
With the move to Schwab, we have been able to tax coordinate our portfolios which I plan to rebalance on a quarterly basis. I built a quick excel sheet to manage this. With this new method, I no longer need to weight my 401(k) to counter-balance Betterment’s International weighting. So happy to have moved our accounts!
As we prepared for the end of 2017, we reduced our cash holdings, maxed out our HSA (although we did use it to pay for expenses in 2017), and separated cash for IRA contributions come tax time.
We have 1/3 of our 6 month emergency fund in 3% CDs, and 2/3 in a high yield savings account with one of our credit unions.
|401(k) – Mr||50%|
|Roth IRA – Mr||4%|
|Roth IRA – Mrs||12%|
|SEP IRA – Mrs||2%|
Growth since August Report : +23.45%
Mad Lab FI Tracker
According to the Mad Fientist’s Lab, our FI date is February 2039* (down from November 2039 in August). That’s 21 years 2 months from now. I mentioned in the August review that I imagined there would be a drastic reduction thanks to the reduced rent (15.28%). A 9 month difference is definitely not something to shake a stick at!
*Assumptions: 4% Withdrawal; 6% Growth