by Steve Drake, Ph.D., CPA, CGMA and CFP ®

We are all busy and we concentrate on our careers, making money, raising a 
family and sometimes leave to fate having sufficient assets available for 
retirement. Many of us figure that the money will magically be there when we 
need it. But, will the money be there when it is needed? It is important to 
realize that it takes a concerted effort to create a retirement nest egg that will 
allow the continuation of the life style you have grown accustomed to. We will 
all grow old and we will retire but will we have the standard of living that we 
want? With some basic knowledge of investments, economics and 
perseverance you will have a great retirement that you can enjoy with your 
spouse and family. Let’s learn how to do it.

There are many aspects to achieving your desired retirement nest egg. Here are 
some basics. First, there is the concept of the time value of money. This means 
that money grows in a geometric progression by earning compound interest. 
Here are some examples to give you the idea.

Read Entire Article in PDF format.