A savings account may be a safe place to leave your nest egg. But it's not the best. Here's why.
It often seems that saving money is almost impossible. Unexpected expenses or the temptation of some item or event can make even the best plans.
“ Nest egg ” has been used to refer to savings since the late 17 th century. The term is believed to have been derived from poultry farmers' tactic of placing eggs. You should consult with a qualified attorney or financial advisor to understand how the recommended nest egg savings applies to your particular circumstances or for financial information specific to your personal or business situation. The Wealth Builder Blog. Retirement Planning Made Easy. But they all follow the same approach, focusing on large and midsize companies with strong growth potential that are trading at reasonable prices. HuangSenior Associate Editor. You can also automatically deduct from your paycheck and deposit into a savings account.