nestegg
Reaching millionaire status in retirement is a dream for many. However, in reality, a Boston College Center for Retirement Research study reveals that 50% of Americans cannot afford their lifestyle in retirement. Does that mean you can’t achieve your goal of reaching a millionaire status in retirement? Not exactly. In the words of Francis of Assisi, “Start by doing what’s necessary; then do what’s possible; and suddenly you are doing the impossible.” When it comes to retirement planning, though, it requires careful planning and disciplined execution. In order to help you along the way, this gu...
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Where did the term “nest egg” originate? To encourage the hens to lay more eggs, farmers used to leave one egg in the henhouse. Today, nest eggs typically refer to retirement savings that you do not touch until you retire. It’s the money you save for the future so that you have something to fall back on when you retire. In many financial plans, the stated objective is to grow your nest egg. Nest eggs come in a variety of types. Often, the strategy involves saving or investing a sum of money or other assets for long-term objectives such as retirement, paying for college, and buying a house. Add...
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