Hello world, long time no see.
I fell out of the habit of writing updates, so apologies for that.
I managed to file my taxes for last year, both for Japan and the US. I ended up going with my company’s payroll provider for preparing my Japanese taxes, and based on the results I’m fairly confident that I will be able to file on my own next year without assistance. Surprisingly, (or maybe not that surprisingly) wrangling Turbotax to correctly a credit for my taxes paid in Japan turned out to be the most time-consuming part of the whole process.
Lots of market drama since my last post, no thanks to the Great Orange Menace across the Pacific. As of this moment, the tariff situation has mostly calmed down, and the markets have crept up near where they were pre-April. The yen has strengthened a bit as a result of the market turmoil, so in yen terms my assets have fallen a bit, despite the increase in dollars. Here’s hoping for continued stability going forward, but I won’t be holding my breath.
Finally, I noticed that as of this month, I have “officially” crossed the 10-year mark on the path to FIRE. If I can find the motivation, I may do a 10 year retrospective at some point.
Here’s a summary of my financial position this month:
| Description | 5/25 |
|---|---|
| Total Expenses | $3,564.78 |
| Gross Income | $5,300.41 |
| Taxes | $1,154.46 |
| Net Income | $4,145.95 |
| Savings | $581.17 |
| Savings Rate | 14.0% |
| Net Worth | $541,53.72 |
Projected time to FI (assuming 6% growth and 4% withdrawal rate): 12 years, 2 months.