What are you doing to prepare for retirement?
“Between taking care of my family and various graduate school experiences, I have worked fifteen of the twenty-seven years since college at four different educational institutions.
I love how my pre-tax [retirement plan] savings have been invested every pay period, thus freeing me from worrying about market ups and downs. When I was younger and owned individual stocks, I found it incredibly stressful, always wondering when was the best time to buy or sell. Not anymore. Investing on a regular basis ensures consistent savings as well as peace of mind.”
What is your current focus?
“I am just turning 50, so I have some time. In many ways, I feel as if I am just getting started. No longer hampered by earlier expectations and constraints, I am free to re-create my professional life. My husband and I are enjoying our house, teenage kids and extended families, knowing that the next fifteen to twenty years will fly by.”
How has having children influenced your financial planning?
“My kids were my primary motivations for investing in solar hot water and electric. While we could have invested that money in an alternative energy company, we chose to invest in something tangible and real.
We wanted our children to see our willingness to take a risk, to experiment with a new technology. We also wanted them to see that there are many ways of getting a financial return. For us, there was peace of mind in knowing that even when the electric prices went up last year, we were not impacted as much because we generated 70% of our own. We were less vulnerable to those price fluctuations.”