Welcome to our May net worth update or as I like to call it the bleeding cash update. This is the first time in many months that our net worth has dipped. As many of you know there is a good reason, it’s called a regular income. I’m in search of one. Other than that a regular month so to speak some big decision looming with the 401K and pension now that I’m no longer associated with my employer. On to bigger and better things I keep saying.
Here are our May numbers:
Net Worth Details
Cash (-4,391.00): Ouch! Hate to part with you, but so glad we have you to fall back on.
401K (+2,110.00): Investment increase here. Decision time for me, I’m looking into my rollover option for my former 401k.
Pension (+223.00): Interest income added this month. Now that I’m no longer with the company I’m seeing it I can roll this to another account and be in better control of this money going forward.
529s (+762.00): Bonds for each child transferred over this money and still waiting on our Upromise deposit.
Autos (-1,124.00): A little dip. Still nice to have two paid for reliable autos in the driveway.
Home ($0.00): Still an estimate, we have no plans on moving anytime soon.
Mortgages ($0.00): No change here, but just do to timing, still slow and steady on the mortgage. Still underwater, but we are getting closer to closing that gap. Our mortgage payment remains our biggest monthly expense.
How was your May? Where would you roll an old 401K investment to?