A Quote by Gresham Barrett
Younger workers should have more freedom to build their retirement nest egg.
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Since Social Security faces a large gap between what it promises younger workers and what it can afford to pay them, private savings will likely need to play a larger role in retirement planning for younger workers.
When a man is forced into early retirement, he is often being 'given up for a younger man.' Being forced into early retirement can be to a man what being 'given up for a younger woman' is for a woman... Why do many men get more upset by retirement than women do from the empty nest when their children leave home? When females retire from children, they can try a career; when a man retires from a career, his children are gone.
Once you're retired and are no longer counting on earned income to live on and supplement your nest egg, you're done with disability insurance. At that point, though, the need for long-term care insurance - which protects you from spending that nest egg too fast - takes over.
My financial adviser Ric Edelman...thinks the time to start educating people about money is when they are children. He's set up a retirement plan called the RIC-E-Trust that can provide retirement security. A $5,000 one-time tax-deferred investment at birth, with an average interest rate of ten percent compounded, means that a child would have $2.4 million when he or she is 65 years old. Who needs Social Security with that kind of nest egg?
I saw a crow building a nest, I was watching him very carefully, I was kind of stalking him and he was aware of it. And you know what they do when they become aware of someone stalking them when they build a nest, which is a very vulnerable place to be? They build a decoy nest. It's just for you.
I wanted to build up a little nest egg and go back to L.A. and choose roles that I wanted to do instead of roles that I had to do to pay the bills.
It's just wrong to work your whole life to build up a nest egg, build your own business - you pass away, and Uncle Sam can swoop in and take away nearly half of everything you've earned. Can you imagine that? Having to sell off most of your land just to keep it from the government, just to save the house.
Each thought that is welcomed and recorded is a nest egg, by the side of which more will be laid.
We've got to make sure our younger workers understand that as life expectancy increases, the retirement date for benefits increases also.
There is a real opportunity right now as parents and grandparents to come up with a plan that leaves our kids with something better than we have; that is, an opportunity to own, build, and grow a nest egg of their own.
Our government workers should be treated fairly and appropriately. They should have a decent retirement, but not a gold-plated system where they can retire multimillionaires in their 50s.
Freedom. Freedom of religion. Freedom to speak their mind. Freedom to build a life. And yes, freedom to build a business. With their own hands. This is the essence of the American experience.
You know how fighting fish do it? They blow bubbles and in each one of those bubbles is an egg and they float the egg up to the surface. They keep this whole heavy nest of eggs floating, and they're constantly repairing it. It's as if they live in both elements.
He who is not a bird should not build his nest over abysses.
I'm not a nest-egg person.
As you know, in the 2000 campaign I articulated a point of view that we ought to have personal savings accounts for younger workers that would make sure those younger workers receive benefits equal to or greater than that which is expected, ... I still maintain the same position.
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