Took early retirement two years ago from academic tenured position.
Why I joined NetworthIQ:
I like holding myself accountable and at the same time measuring myself against others who have an interest in personal finance.
Best Financial Decision:
1.Selling one of our rentals and paying down our primary residence and refinancing from a 30- to a 15-year fixed. 2. Maxing out a 403(b) for the past 10 years and recently adding a 457.
Worst Financial Decision:
Investing in a restaurant our CPA was starting. Dumb, dumber, dumbest. Lost every cent.
Current Financial Strategy:
Paying down the 15-year mortgage as fast as we can, staying an extra 2 years in current position to book an increased pension, and living below our means.
How I manage my money:
I used work and consult all the time and never had any money to show for it. I saw a CFP who very patronizingly told me that the market was just too hard for women like me to understand. I bought Investing for Dummies, fired his ass, and haven't looked back.
Tools I use:
Moneydance, balancing all accounts every few days - I'm religious about that. I love the Monte Carlo simulations at financialengines.com. And if you have $100k in Vanguard accounts, you get access free!
I need help with:
I keep going around on whether we need a bond position in our portfolio. I understand the need to reduce risk, but our day-to-day expenses will be met by our two pensions. It seems as though bonds move in tandem with stocks these days and all it would do is dampen our returns.
Favorite Financial Personalities:
Warren Buffett, my hero.
Millionaire Next Door - fabulous book. Skip the sequel, though!
Anything made in Hollywood before, say, 1950. Turner Classic Movies is my idea of heaven.