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The term "nest egg" has commonly been used to describe a sum of money that was saved for the future. However, the term doesn't actually describe retirement income for many Americans anymore. There has been a shift. People have multiple options for saving for retirement now: 401(k)s, 403(b)s, IRAs, Roth IRAs, fixed and variable annuities, home equity, certificates of deposit and more. Additionally, many working Americans receive some retirement income from either Social Security or pensions. Many people actually have a carton of retirement income options instead of a single nest egg.
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jelsasser2
Joe Elsasser is a certified financial planner and the founder and president of Covisum, a financial technology company. Under his leadership, Covisum has developed a variety of groundbreaking financial planning tools, including Social Security Timing, which was the first patented Social Security optimizer, Tax Clarity, SmartRisk and Income InSight. Joe co-authored “Social Security Essentials – Smart Ways to Boost Your Retirement Income” and is a regular contributor to USA Today, InvestmentNews, Retirement Daily, CNBC and ThinkAdvisor. Joe also maintains a financial planning practice in Omaha, Nebraska.
