Don’t spin your wheels
If you have the appetite for handpicking stocks, you might manage to put together a portfolio that outperforms the S&P 500. But if that’s not in your wheelhouse, loading up on S&P 500 index funds is a very reasonable and viable alternative.
Furthermore, if you’re saving for retirement in an employer-sponsored 401(k) plan, you’re not even allowed to choose individual stocks in which to invest. Rather, you’ll generally be limited to a number of different funds to put your money into. But 401(k)s will usually offer at least one index fund that tracks the S&P 500, so look out for that option in your plan if that’s a route you want to take.
Investing in the broad market is also a great way to buy yourself some peace of mind. So there’s no need to stress out about choosing the right stocks when you can let yourself off the hook.
The $16,728 Social Security bonus most retirees completely overlook
If you’re like most Americans, you’re a few years (or more) behind on your retirement savings. But a handful of little-known “Social Security secrets” could help ensure a boost in your retirement income. For example: one easy trick could pay you as much as $16,728 more… each year! Once you learn how to maximize your Social Security benefits, we think you could retire confidently with the peace of mind we’re all after. Simply click here to discover how to learn more about these strategies.
