Once upon a time, there was a chicken who loved to collect shiny objects. One day, she found a golden egg and realized she could use it as a nest egg to save up for the future. However, the chicken was worried about the safety of her nest egg as her coop was not very secure.
She decided to seek the advice of her wise owl friend who suggested that she should invest her nest egg in an Individual Retirement Account (IRA). The chicken had never heard of an IRA and asked the owl to explain.
The owl explained that an IRA is a financial account that allows individuals to save for their retirement while receiving tax benefits. The chicken was excited about the idea and immediately opened an IRA account. From that day on, she continued to lay more golden eggs and used them to contribute to her IRA account.
As she grew older, the chicken was grateful for her decision to invest in her future with an IRA. Her nest egg had grown into a substantial retirement fund and she was able to live comfortably in her golden years.
From then on, all the birds in the coop started referring to the initials IRA as the “Nest egg letters.” And whenever someone asked about how to secure their future, the wise owl would always suggest investing in an IRA just like the chicken did.