Update to the March 2020 post.
MARCH 2020 ASSETS
Cash: $13,000
Roth IRA: $81,700 (Vanguard)
Roth/Traditional TSP: $175,000 (contributing 22% of pay)
Investments: $20,500 (Vanguard Index Fund)
Savings Deposit Program (SDP): $11,000
TOTAL: $301,200
MAY 2020 ASSETS
Cash: $16,000
Roth IRA: $95,000 (Vanguard)
Roth/Traditional TSP: $208,500 (contributing 22% of pay; account distribution and contribution allocation are 20% S and 80% C)
Investments: $47,000 (Vanguard Index Fund)
Savings Deposit Program (SDP): $12,000
TOTAL: $378,500
ASSET DELTA: $77,300
No plan to modify current savings plans or goals nor the asset/contribution allocations.
LIABILITIES:
Mortgage: $312,000 (Bought in 2013 for $382,000 @ 3% interest; current Zillow value: $572,000)
Personal Loan: $20,000 (0% interest) will be repaid upon receipt of $20,000 work bonus in July
TOTAL: $332,000
Selling the Property
Moving forward with selling the property this summer. My current tenants are set to move out at the end of the month (May 31). I’ll have a couple weeks of minor house repairs then the property will be on the market mid-June. From my real estate agent:
“While there were fewer sales in April, median prices for both single-family homes and condos were greater than last year—an indicator that Oahu housing values will hold steady, even as we see fewer sales.”
If the property sells, my plan for earnings is to deposit most of the earnings into my Vanguard Index Fund but retain some in cash for any required taxes. If the property sells, this will also be the first time since 2013 that I will be 100% debt free.
2020 Developments:
Still on track for the move to Europe in October 2020. While there is some additional paperwork needed to execute a military move due to COVID-19, I don’t anticipate any issues or delays. Only negative with this move is that I will be required to start paying taxes again (which I haven’t done since mid-2018!).
2020 Goals:
Max Roth TSP - on track for $19,500 by December 2020
Max Roth IRA - DONE January 2020
Execute OCONUS orders - Scheduled for October 2020
Contribute $20,000 to my Vanguard Index Fund - DONE March 2020
It bears repeating: fellow medical staff - hang in there, take care of your physical and mental health. COVID-19 response and management is and will continue to be a marathon.
Everyone else - stay safe and healthy!