ING Offset (JUN24)(Prelim)
Goal is 250K in the ING Offset and 125K Prepaid Mortgage by JUN24. It’s a reach, but it’s possible. We’ve been hitting our Monthly Contributions of 2.5K/monthly, so that’s +15K for HY. However, our net positive between all of our Contributions and payments is only +11.5K, which is great that we can add it into our ING Initial, which would total to 36.5K by JUN24, net 17.5K to Prepaid Mortgage. Target is to retain 25K, so we’ll offset 1K to EFI and 7K to KD/KMA from ING Initial as Japan JUN24, and would still have 25K. We’re targeting 28.5K, assuming no surprises. We’ll reset our Property Contributions and Payments in JUL24 back to 0 and see where we end up by DEC24 for our HY.
US-Inv is now fully liquidated and transferred to ING Offset. Avg FX Rate is at 1.45. We’ll keep it constant at 63.1K for 2025. This will be offset with EFI-Holding totaling close to 125K.
KD Holding will finish at 28K, and KD/KMA at 33K. Pending remaining of 7K deposits in JUL24. I’ll accrue for 7K as of JUN24. I’ll transfer 1.2K of Interest, and their total will be at 62.5K. Timing of the remaining deposits will be completed by JUL24. I’ll stop contributions to KFI-BInvT and instead accrue for the yearly interest based on the Mortgage Interest Rate. Same for KD/KMA. We’ve initially targeted KFI-BInvT at 75K, but Brandon’s just 9 years old to-date, so I’ve reduced his target balance to 62.5K to match KD/KMA Holding. Total KFI-BInvT and KD/KMA will total to about 125K. KFI-BInvT transferred 35K. Pending to liquidate all holdings in JUN24, estimating at 22.5K. Total will be 57.5K, so will offset 5K from EFI as BGift. Total Japan JUN24 is 7K; Offset 7K from ING Initial. Going forward, will accrue for their interest based on our avg Mortgage Interest Rate for the year. To-date it’s at 6.79%. At 125K balance, that’s 8.5K of interest cost savings in the ING Offset. We’ve just deposited CBA 2K and WBC 1K for KD/KMA.
Pending on the net KBonus after salary sacrificing of 15K, we’ll target another 7.5K contribution to EFI-Holding. I’ll Topup another 4.5K from EFI-Cash, which would make our EFI-Holding to 60K net adjustments.
Compared to JUN23, we started at 140K. If we hit our target of 250K, we would’ve achieved an increase of +110K. Net KD Holding, and KD/KMA of 43K, so net increase would be +67K.
