Comments on: What Are Those $100,000+ Gains Exactly?

By: The Sun

The Sun — Fri, 03 Nov 2006 15:17:35 +0000

Well, having two incomes (and 401(k)s and IRAs) may not double the net worth, but it does make the number look impressive. Call it anohter benefit of marriage ?

By: 2million

2million — Fri, 03 Nov 2006 14:48:13 +0000

Interesting – ok thanks! Hopefully I too can take advantage of the benefit of additional retirement contributions when I get married.

By: The Sun

The Sun — Fri, 03 Nov 2006 14:30:51 +0000

Hi 2million:

Indeed the retirement accounts is the combination of 401(k)s and Roth IRA and a large piece of that $48K increase is due to regular contributions. So far this year, my wife has put nearly $13K in her 401(k) and I have put more than $11K, plus we already maxed out our 2006 IRA contributions of $8K. Thus, roughly about $15K are from asset appreciation.

By: 2million

2million — Fri, 03 Nov 2006 14:07:57 +0000

Sun – help me out, how did your retirment accounts jump $48k in value? Im thinking if you say earned a 20% return on your holding = $24k + $15k contributions = $39k? Im missing something…… unless its a 401(k), roth + spouse retirment accounts? or a sep or indiviudal 401(k)?

By: Dimes

Dimes — Fri, 03 Nov 2006 04:45:49 +0000

Wow, it looks like you’ve made a lot of progress this year! I’d love for my retirement accounts to be so fat!

By: The Sun

The Sun — Fri, 03 Nov 2006 04:13:56 +0000

Golbguru: “Taxable” is just a term that I use for non-tax-sheltered accounts, because all the gains from these accounts are taxed every year. Now the “taxable” accounts include investment accounts other than 401(k)s and Roth IRAs. Probably it isn’t a very accurate term, but very convenient, .

By: Golbguru

Golbguru — Fri, 03 Nov 2006 01:08:09 +0000

thats like $10000 a month !! awesome.
Btw, what is the “taxable” ? just curious. if it’s an amount that is taxable, then why isn’t cash taxable? something to do with some tax breaks?

By: The Sun

The Sun — Thu, 02 Nov 2006 21:56:29 +0000

Yes, the credit card debt is almost all from 0% BT. The same goes to the jump in cash as more than $32K are borrowed with 0% rate. The cash and credit card debe almost cancel out in this case.

By: Trent

Trent — Thu, 02 Nov 2006 21:43:33 +0000

That kind of jump is fantastic! Good work!

The only thing that kind of scares me is that jump in credit card debt. Hopefully it’s on a 0.0% introductory deal so you’re not being eaten alive by interest.