Nest Egg


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Nest Egg

A reserve of money set aside, especially for a specific purpose. Generally speaking, a nest egg refers to savings for a major expense, such as retirement. However, it may also refer to smaller expenses that nonetheless require savings. Examples of the latter include nest eggs for vacations or down payments for a house.
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The best way to build a nest egg is by putting a healthy portion of your assets in growth investments, namely stocks and mutual funds.
Many retirees who consult with investment advisers on how much they can safely draw from their nest egg monthly are given an answer based on mathematical models that use mortality data to calculate probabilities.
Worthy is a digital investing app and savings solution that helps users gather and grow a nest egg by rounding up their daily purchases and investing the spare change into higher yielding alternative assets more aligned with their values and lifestyle.
Meanwhile, 33% of parents said that grandparents help to top up their children's nest eggs.
Part of the management plan, however, requires limiting current draws from the "nest egg" to "sustainable" levels in order to ensure that the nest egg is capable of producing a consistent level of earnings in the future.
Such arrangements tend to deliver more certainty in building a retirement nest egg than do the defined contribution plans offered most workers today.
Kuwait invests 10 percent of its budget in a future generation budget, a nest egg for the time when its vast oil resources will dry up.