|United States Dollar - USD|
|30,000 - 39,999|
|Biotechnology & Pharmaceuticals|
|60-year-old single New Englander with a historically decent savings rate offset by multiple layoffs over a 37-year career as a marketing writer and journalist. Semi-retired at age 58 but still working p/t as a proofreader in pharma industry.|
|Why I Joined|
|I like to hold myself accountable.|
|Best Financial Decision|
|Aggressively prepaying my mortgage and eventually paying off a 30-year loan in 17 years.|
|Worst Financial Decision|
|Choosing not to finish law school, possibly. Picking the wrong law school to attend.|
|Current Investing Strategy|
|In 2018, I transitioned from full-time to part-time work. This was something I'd wanted to do for years, and I realized I could do it 2 years early. (Actually, I would feel very comfortable fully retiring if it weren't for the high cost of health insurance, especially if you're not employed and are too young for Medicare.) |
Last year, my p/t work covered 98% of expenses. I'm not trying to save any further toward retirement but just cover ongoing expenses, and I hope to do this for 4 more years, until I can get on Medicare and not be so vulnerable to health insurance price fluctuations a la the Affordable Care Act.
I love the freedom and newfound time my new work schedule has given me. My current financial strategy is simply to hold the course with about a 45/45/10 ratio of stocks, bonds and cash in indexed Vanguard funds (a much more conservative stance than I've had in the past).
|How do you manage your finances?|
|I do monthly and annual expense and investment reports using forms I've developed and tweaked for my needs over time. |
|What tools do you use?|
|I take advantage of free portfolio checkups and retirement planning with Vanguard and T. Rowe Price.|
|I need financial help with...|
|Nothing specific, but I do have an interest in minimizing taxes in retirement and strategies for doing so. |
Fortunately, my home is paid for and I live pretty simply so month-to-month. so expenditures will hopefully remain low.
|The Millionaire Next Door, Frugal Gazette, Your Money or Your Life.|