Grants and contracts administrator, OB/GYN Office of Research Support
Age: 39 / Generation X
Mimi Davis wants to retire early, when she is in her early to mid-50s, so she can see the world. She’s traveled to Jamaica, the Dominican Republic and the Bahamas. Australia and Paris are still on her list.
Davis started working at Duke in 2012 but began saving for retirement in 1999 with a previous employer. Because of her early retirement goal, Davis hopes to aggressively contribute more money to her Duke retirement plan. She currently contributes 10 percent of her monthly pay before taxes and plans to reduce her expenses by paying off the mortgage on her Durham home by the time she retires.
She attended Duke’s Financial Fitness Week last year with her mother to gain a better understanding of Duke’s retirement plan options and checks her retirement plan statements monthly to make sure she’s on track.
“You can never pay yourself too much money,” Davis said. “Do not be dependent on someone else doing it for you.”