Unscramble Your Nest Egg

By Cunningham, John J. financial advisor

Subjects: Retraite, Hypothèques, Personal Finance, Mortgages, Propriétaires-occupants, Homeowners, Retirement, Planning, Finances personnelles, Planification

Description: Once upon a time, homeowners could borrow the most and pay the least every month on their mortgages, trusting that home inflation and rising prosperity would create a fat nest egg for retirement or tuition. That was then, this is now! In the New Normal economy, only the lucky will succeed with such a strategy. Unscramble Your Nest Egg provides an alternative. It tells readers about a tried-and-true solution used by earlier generations to provide financial security and peace of mind. Simply put, pay off the mortgage by age 50-55, leaving the last 10-15 years of your career to invest former mortgage payments in saving and investment accounts. The result will be a cash nest egg equal to five times your annual income, or more - precisely the amount that Financial Planners have long insisted be on hand at retirement. Additionally, a 5-x nest egg can pay 50 percent of living expenses during 20 years of retirement. This is the "Nest Egg Strategy," an idea whose time has come again! Unscramble Your Nest Egg explains everything you need to know. The truth is always simple. (Don't worry about arithmetic; online calculators do it all for you.) Those with an existing mortgage are shown how to "buy back time" and money from the repayment schedule. Those in the process of getting a new mortgage are also shown how to evaluate their choices from a nest egg perspective, helping them make a more informed decision. Though the primary topic is money, the final chapter, Domus, reminds readers that home is more than just a financial investment; it's your refuge and sanctuary. Home is Sacred Space. True peace of mind comes from knowing that your home sanctuary will be safe, no matter what!