Simplifying Saving for Retirement

Have you ever wanted to start saving for retirement or increase your savings rate, yet you hesitated due to all the complexity of investment alternatives? Start saving now so you will improve your future retirement outlook.

We don’t all have the time – or interest in researching various investment options. In addition, we may not want to pay for someone to do this research. There are a few investment strategies that work and are fairly easy to follow:

Target-Date Approach

You pick an investment that coincides with your approximate year of retirement (2025, 2035 or 2045). This type of investment is a mix of stocks and bonds, which generally is more conservative as you are closer to retirement.

Two or Three Fund Option Approach

To build this portfolio, select two funds: a total U.S. stock market fund and a total U.S. bond market fund. Add a total international stock market fund to create a three fund group. Based on your risk tolerance, adjust between these funds. These funds are available from investment firms such as Vanguard or Fidelity, among others. 

If you select index funds, you can keep the costs down, which may lead to higher returns. As you can see, retirement investing can be made simple.

If you have further questions in this area, contact Jim Ripple, CPA at 952-829-3409 or


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