Wednesday, March 01, 2006
02.2006 - Net Worth Update
Net Worth for February Assets (Type - Amount - % of total assets): Cash - $88,813.74 - 44.24% Stocks - $21,411.86 - 10.67% Retirement - $90,528.51 - 45.09% Liabilities: Credit Cards - $6,964.97 (Mostly 0% interest) Car Loan - $16,606.39 @ 4.25% Current net worth: $177,182.75 Analysis Net change vs last update: $20,607.36 Percent increase vs last update: 13.16% My net worth increased significantly this month because I am now fully vested in my pension fund. Looking at my assets, I think I have too much money allocated in cash accounts. I would like to target 30% allocation to stocks. Any opinions on what percentage of your overall net worth should be in retirement? One of my friends once said that he doesn't believe in putting away money for retirement, just the minimum if anything, because he doesn't even know if he's going to be around to spend it. That kind of made me think about it too...but the tax advantage of putting it away makes me continue.