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Saving for Retirement (Without Living Like a Pauper or Winning the Lottery) Updated and Revised by Gail MarksJarvis

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13. Index Funds: Get What You Pay For

You might find this shocking: But when you invest, simplicity works best.

So now that you know the general rules of investing, I am going to make life very easy on you. I am going to lead you to the sweetest deal the mutual fund world offers. It is your foolproof way to amass a fortune. Tuck it into your retirement fund, and you should be more successful than many Wall Street stock pickers with years of experience and elaborate strategies.

I’m talking about what are known as “index funds.”

If you have a 401(k) and are overwhelmed with the stock fund choices in it, simply look through the list and try to find the word index on one of the funds. It probably will say something like “Standard & Poor’s 500 Index” ...

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