I like to simplify things that are really complex. Investing can be as complicated as you want it to be. You and I probably don’t have time to dedicate ourselves to understanding every investment opportunity, but I have 3 rules for retirement investing.
- Put your money where it averages the greatest returns long term (10+ years)
- Treat retirement accounts as insurance for not having money when you’re old
- Passive indexing and rebalance periodically
Sounds simple enough, but it is somewhat complicated by taxes, deductions, interest rates, inflation, and sales people selling terrible financial products (whole life insurance). >_<Continue reading »