How safe is your nest egg?

By
Real Estate Agent with Turner Residential

My father did everything right. Saved for college for his kids, retirement, 401k, etc. He was serious about saving and only paying for things with cash to avoid the credit card debt.

You can do everything 100% correct and still have life kick you in the butt. What will happen to your nest egg if you get a serious illness, job loss or disability? My father was diagnosed with a medical condition that forced him onto short term disability and also into his retirement money. He has bounced back quite well, but statistics show that most folks do not get so lucky.

This article has great facts about reitirement and avoiding a financial nightmare!
http://articles.moneycentral.msn.com/RetirementandWills/PlayingCatchUp/HiddenThreatstoYourNestEgg.aspx

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Tags:
retirement
disability
real estate
austin
tx

Comments 2 New Comment

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Rainer
40,525
Timothy Butterworth
Taking a break
Bravo! many people do not look that far ahead or think that something will come up that will take all the savings away. There are some great long term disability insurance policies out there also and Aflec is worth a look.
September 26, 2006 01:28 AM
Rainmaker
605,639
Sharon Simms
St. Pete FL - CRS CIPS CLHMS RSPS
Coastal Properties Group International
It's also wise to talk to an attorney about protecting these funds from, for example, lawsuits. What if there's a car accident, or someone falls down the stairs in your house, etc. It can devastate your nest egg if you haven't properly planned. Even a living trust isn't safe.
September 26, 2006 06:46 AM
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Rainer
24,373

Scott Turner

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