10X Your Retirement Savings With This Simple Strategy
The money you have in your IRA or 401(k) plan shouldn't just sit there in cash. The reason? You'll need to grow your savings at a rate that outpaces inflation if you want to end up with a decent amount of buying power during your senior years.
In fact, it's important to invest heavily in stocks for retirement. If you stick to bonds, you may not enjoy the same level of growth, which could lead to financial troubles down the line.
But what if you're not a stock-picking wiz? That's OK -- not everyone is. Thankfully, there's another approach to investing you can take that's likely to help you end up with 10 times the amount of money you put into your nest egg.
Source Fool.com
