Word: nesting
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Retirees today are fretting over shrinking nest eggs, and workers wonder when they'll ever get to rest. But when TIME ran a cover story in 1988 on the GOLDEN YEARS, the theme was new opportunities...
...business. Those proceeds would cover her expenses until she turned 65 and started collecting Social Security benefits. Meanwhile, the $1 million she had managed to save in tax-advantaged accounts would grow to $1.3 million or so. Only then would she start tapping the income from her nest egg. Parry looked forward to filling her golden years with golf, restaurant meals and frequent travel...
...continue our example: with a lower expected rate of return and a smaller nest egg (compliments of the bear market in stocks), your savings would come to just $218,000 by 2011--well below the $1 million goal, which you would not achieve until 2028, when you're--gasp!--66. So much for retiring early. Of course, if you could save more and returns improved, you would get to the $1 million mark faster than on that grim schedule. But it adds up to a dramatic shift in your plans and dreams. "It's almost impossible to overstate how many...
...correlation exists among those with both low and high incomes. Peace of mind, it seems, comes from knowing you can pay the bills even if the stock market blows up. "The big ah-ha," says Henrikson, "is that people have found that managing an income stream from their nest egg is very difficult when the market doesn't cooperate...
...This pattern of loss effects the security of our pension system,” Reich said. “This effects not only jobs but also nest eggs...