Most people refer to their retirement savings as their “retirement nest egg”. In theory that’s the money that is made up from the many sources of retirement income, the many eggs you should be socking away so that when the time comes, you have those eggs to “cook up” a great retirement. I say “should” because reality is that an awful lot of people are leaving their cupboard bare and for a million reasons are not preparing for retirement at all. In fact, I am ashamed to say I have friends and relatives who are in their prime earning years and still have not saved a single penny for retirement!
So much for having a very sage financial blogger in your inner circle!
You may have ignored retirement when in your 20’s or 30’s, but when you are still saying “la, la, la, la, la” about it in your 40’s and 50’s, you are in a boat that is sinking fast. So right now is a good time to take a good hard look at your retirement nest egg and start bailing!Continue reading“Take a Good Hard Look at Your Retirement Nest Egg”