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 base case utilizes a systematic withdrawal program (SWP) for the entire $500,000 nest egg. Today, SWPs are the most common method for drawing income from a nest egg.
RESEARCH FINDS OVER-55s ARE NOW SITTING ON POSSIBLE PS280,000 PROPERTY NEST EGG
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.
Eighteen per cent pillaged their nest eggs to pay for emergency car or home repairs.
In less than 10 years the retirement nest egg has dwindled to $45,000.
Apparently soaring house prices and later marriages are leading to millions of 20- and 30-somethings still living at home and experts are warning that this is eroding parents' nest eggs.
Equally unacceptable is our councillors' reported intent to press for new allowances, to be backdated to 1999, which would net councillors nest eggs of thousands of pounds, courtesy of Cardiff rate payers.
People in the 18 to 24 age group were most likely to prioritise their social life over saving or investing money, with 27 per cent saying going out was more important than building a nest egg, while 17 per cent of 25 to 34-year-olds would also rather socialise than save.
If newspaper reports are to be believed, our very own Welsh finalists are set to receive a substantial nest egg to start them off in life, with Rosie Ribbons, above, and Jessica Garlick set to pick up in excess of pounds 50,000 each from Pop Idol appearances and other shows.
The market certainly offers a viable opportunity for building a retirement nest egg.
Save from as little as pounds 10 a month with a Homeowners' Children's Cash Builder Plan, for example, and you could surprise your eight-year-old with a nice nest egg on their 18th birthday.
Instead, more than half of all investor landlords are looking to create a nest egg for themselves some 15 years ahead.