How to Make Your Nest Egg Last As Long As You Do

tempo-Typhoon-RubyTyphoon Ruby (link below)

‘Alicia Munnell, who heads the Center for Retirement Research at Boston College, says waiting is often worth it — even if you work longer or spend some savings to get there.

‘”And then [you] get a nice, big, fat Social Security check at 70, which is wonderful money,” says Munnell, author of Falling Short: The Coming Retirement Crisis and What to Do About It. “It is inflation-adjusted, and it goes on for as long as you live.”

‘The final big piece of the nest egg puzzle is your home. Munnell says it’s OK for cash-strapped retirees to use it. “I am a big fan of tapping home equity, and you can do that in one of two ways,” she says.

‘”If you actually get to a cheaper house you, can take equity out and use that, or the interest on that, as a source of income. It also dramatically reduces your expenses,” she says…’

Locked Door Saves Lives
‘…Chretien and his wife, Aline, were not hurt in the early morning hours of Nov. 5 when Dallaire, armed with a folding knife, smashed a window with a rock and entered the mansion. Aline Chretien confronted Dallaire in a hallway, then locked herself and the prime minister into their bedroom and used a phone to summon Royal Canadian Mounted Police from a guardhouse on the grounds.

‘The Mounties in the guardhouse apparently were not watching their video monitors when Dallaire entered, and they ignored audio alarms that had frequently been set off by animals.

‘Dallaire spent about 30 minutes inside the mansion before confronting Aline Chretien just outside the bedroom door. She slammed it in his face, called police and woke up her husband, who armed himself with a stone sculpture of a loon while awaiting the Mounties…’

IN PHOTOS: ‘Ruby’ aftermath in different Philippine regions
‘Tropical storm ‘Ruby’ brought strong winds and rains in different parts of the country, causing floods and leaving crops and houses destroyed. ABS-CBN News reporters have collected and posted on their social media accounts photos from provinces affected by ‘Ruby.’

‘The following shows conditions in the mentioned areas as of Monday afternoon. Included in the gallery are photos from Marikina City, Albay, Legazpi, Romblon, Quezon, Iriga City, Camarines Sur, Siargao, Eastern Samar, and Tacloban…’

About DigitalPlato

Poch is a Bookrix author and a freelance writer. He is a frequent contributor to TED Conversations.
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