Most of us have the goal of retiring with more than $50,000 to our names. But $50,000 is most certainly a respectable amount of money to start out with.

At this point, I've had my retirement savings invested for years across a range of assets. But if I were to start over with a $50,000 lump sum, I'd take a very basic but effective approach to building my nest egg.

I own a fair number of stocks in my portfolio. And I'm both happy with and comfortable with that. But if I were to start over on the retirement savings front, I don't think I'd buy up individual stocks. Instead, I think I'd keep things simple by loading up on S&P 500 index funds.

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Source Fool.com