Word: nestful
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What do students do on Students' Day? Not too long ago, I posed this question to the principal of a boys' high school in Tehran. Do you take your students to the "Nest of Spies," as the former embassy is commonly referred to in Iran, to rally and protest? The principal, a man with impeccable revolutionary credentials, did not hesitate in his reply. "Why would we? What would be the use in that?" Instead, he said his staff would take their students to a private garden as a way to build camaraderie and spirit, a kind of Islamic field trip...
...many cases the federally run Pension Benefit Guaranty Corporation (PBGC). The PBGC's future solvency, like Social Security's, is dubious at best. Say what you will about market-based retirement vehicles, but it will be a cold day in hell before I relinquish the security of my nest egg to a government with an uncanny ability to mismanage everything...
...kept in place to encourage banks to lend and to keep commerce flowing. Cheap money is nice for lenders and borrowers - but it's devastating for savers, especially for retirees who use interest income to supplement Social Security. If you had $500,000 stashed away - not a bad nest egg - you could earn a no-risk $20,000 to $25,000 annually (before taxes) two years ago buying bank CDs or short-term Treasury securities. Now you earn less than $5,000 in an average one-year CD, about $2,000 in a one-year Treasury. This offers retirees unpleasant...
...crop last year, but he also had enough water to grow an entirely new crop of sunflowers during the winter. The pond, he says, helped double his usual output of lentils as well. The added sales put an extra $1,000 in his pocket, which he saved as a nest egg for his two children. "I feel that my life is secure," says Thakare, 36. "You don't worry about what will happen in the future...
...time to recover, so contribute enough money to get the full match in your 401(k). If you're 50 to 65, take advantage of the catch-up provision that lets you stash an extra $5,500 in your 401(k) every year. If you are retired, give your nest egg time to replenish by forgoing for five years any distribution increases you had planned to offset inflation. That simple step puts the odds of not outliving your money back in your favor, according to T. Rowe Price. (See 10 big recession surprises...