Why Investing in S&P 500 Index Funds Is a Solid Bet for Your Retirement
You'll often hear that to retire comfortably, you can't fall back on Social Security alone. And there's a lot of truth to that. The average senior today on Social Security collects about $18,500 a year, which doesn't offer a lot of financial flexibility.
It's for this reason that saving and investing for retirement on your own is crucial. But what if you don't know a thing about investing? How are you supposed to assemble a solid portfolio to sustain you throughout your senior years if you're largely in the dark about buying stocks?
It's a predicament a lot of people face. But here's some good news: You can actually invest quite efficiently for retirement without knowing all that much about the stock market. All you really need to do is buy index funds that follow the S&P 500.
Source Fool.com
