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Fern's Profile

United States Dollar - USD
Date Joined
Salary Range
40,000 - 49,999
Biotechnology & Pharmaceuticals
Age Range
About Me
50-something single New Englander with a prodigious savings rate offset by multiple layoffs over a 37-year career as a marketing writer and journalist. Currently working a long-term contract job 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
Last spring, I transitioned from full-time to part-time work. This was something I've wanted to do for years, and I decided I could do it 2 years early. My p/t work should cover the bulk of my annual expenses, or at least 75% of expenses. I'm not trying to save any further toward retirement but just cover expenses, and I hope to do this for 7 more years, until I can get on Medicare and not be so vulnerable to health insurance coverage changes a la the Affordable Care Act. But this year I did enroll in my state's healthcare exchange after my COBRA expired. I love the freedom and newfound time my new work schedule has given me.
How do you manage your finances?
I do monthly and annual expense and investment reports using forms I've created through trial and error.
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 a sudden and immediate 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. expenditures will hopefully remain low.
Favorite Books
The Millionaire Next Door, Frugal Gazette, Your Money or Your Life.
Last Login
Net Worth Entries
All values shown in USD ($)
2018 - September $1,288,802 $0 $1,288,802
2018 - March $1,294,169 $0 $1,294,169
2017 - November $1,259,600 $0 $1,259,600
2017 - October $1,277,508 $0 $1,277,508
2017 - August $1,222,215 $0 $1,222,215
2017 - March $1,214,065 $0 $1,214,065
2017 - February $1,182,560 $0 $1,182,560
2016 - November $1,240,968 $0 $1,240,968