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Word of the Day: Nest egg
If you listen to your financial adviser, they will tell you that if you want to retire and maintain a lifestyle similar to the one you enjoy now, you will have to put away quite a substantial nest egg.
That’s right; if you haven’t started already, you should be saving for your retirement.
Take care of the pennies, and the pounds will take care of themselves, as they say.
In North America, many empty nesters depend on the family home to make up a large part of their retirement nest egg.
It’s very common for empty nesters to sell the family home after all the children have flown the coop and downsize to a smaller condominium.
Yes, I know a man’s home is his castle, but castles are expensive to maintain.
Remember, if you have not started to put away your nest egg, you should start today.
It is essential for me to mention that even though I concentrated on retirement savings today, a nest egg is not only money saved for retirement.
A nest egg is any amount of money that a person keeps for a particular purpose, such as retirement, future health care, a child’s university education, etc.
Flesch-Kincaid Readability Test
This post is understandable by someone with at least a 9th-grade education (age 15).
On the Flesch-Kincaid reading-ease test, this post scores 59.
The easier a passage is to read, the higher the score on a scale of 0 – 100.