Another year gone, and not a moment too soon.
I ended up doing a modestly-sized Roth IRA conversion after all. Since I can claim the FEIE this year to exclude my earned income in Japan, that leaves me with some tax-free space from my standard deduction with which to do Roth conversions. I did my best to estimate my conversion amount to completely fill up the tax-free space, but I’ll find out for sure once I file my taxes in a couple months.
Here’s hoping that this year will be better than 2020!
Here’s my December expenses:
| Category | 12/20 | Comments |
|---|---|---|
| Rent | $961.83 | |
| Internet | $52.77 | First year promotional rate ended, now paying full price :( |
| Cell Phone | $31.47 | |
| Natural Gas | $21.67 | |
| Electricity | $36.87 | |
| Water | $36.62 | |
| Groceries | $455.64 | |
| Transport | $85.31 | |
| Health | $180.60 | Health insurance |
| Other | $46.95 | |
| Necessary | $1,909.72 | |
| Restaurants | $57.19 | |
| Entertainment | $0.00 | |
| Shopping | $47.64 | Amazon Prime renewal |
| Travel/Parking | $109.71 | |
| Gifts/Donations | $23.38 | |
| Software/Games | $19.99 | |
| Business | $0.00 | |
| Other | $0.00 | |
| Discretionary | $257.91 | |
| Total Expenses | $2,167.63 | |
| Gross Income | $5,799.92 | Salary + Q4 dividends |
| Taxes | $433.79 | |
| Net Income | $5,366.13 | |
| Savings | $3,198.50 | |
| Savings Rate | 59.61% | |
| Net Worth | $381,267.65 | Market keeps going up…? |
Projected time to FI (assuming 6% growth and 4% withdrawal rate): 6 years, 0 months.