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7 Ways to Lose $100,000 in a Hurry


It may be, as Bob Dylan sang, when you got nothing, you got nothing to lose. But that's not the case for Americans who are trying to build college savings for their children, or for their own retirement. When you are on the road to building wealth over a lifetime, a market correction of 5% (August 2011) or a plunge of 37% (2008) can set you back quickly,

So what other events can shrink your nest egg -- and your retirement dreams along with it -- in the blink of an eye? Here are seven ways you might easily blow 100 grand in a hurry, and how to prevent that from happening.


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