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Reply to "Best (simplest, easy to understand) way to start retirement saving?"
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[quote=Anonymous]OP here. You have been very helpful. I think a Vanguard life cycle is the way to go. I understand the automatic allocation shift, and I had never seen something like that before. One thing I'm not understanding though- once the money is there, how do I know what I'm investing in? What stocks? I am trying to figure this out on the website but maybe it's too simple of a question? Am I just trusting Vanguard to invest in certain stocks? I am also having a hard time understanding what's more important - establishing an EF or starting an IRA asap. The smart thing would be to establish my EF, but I'm also antsy since I have zero retirement. Can I focus my main savings on EF and put small amounts into my IRA? Even if it's not adding up to much, it would give me a piece of mind. [/quote]
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