A quick report.
Our net worth crossed into seven figure territory this week!! Our assets consist of retirement accounts and cash invested in money market and certificates of deposits.
We do own three paid in full vehicles, while they do have value it is not included in our net worth. We currently rent, so there is no home value to include right now. We also have no debt! My husband is 51 and I am 48, so we are doing pretty well.
The rate at which the stock market is rising seems abnormal to me. The S&P 500 index is up over 4% since the beginning of the year! I'm thankful to see the balances of our accounts rise, but I am concerned at the pace.
I do trust the process of investing, as it has served us well thus far!
Have you reached a milestone in your net worth (assets - debts)?
P.S. I learned while filing our taxes today that even if you took the standard deduction for 2020, you can still claim up to $150 in charitable cash donations ($300 if married). These are then an adjustment to income. This appears to be only for 2020.
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