The money you work hard to set aside for retirement shouldn't just sit in cash. It's important to invest that money so it grows at a fast enough clip to outpace inflation and provide you with the buying power you need later in life.

When it comes to investing your retirement savings, you have choices. Some people opt to assemble a portfolio of hand-picked stocks, while others might opt to fall back on an S&P 500 index fund.

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Source Fool.com