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Reply to "Best (simplest, easy to understand) way to start retirement saving?"
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[quote=Anonymous]Bonds are a low-risk investment but they can fluctuate and it's possible to lose money on them. For example if interest rates rise sharply that typically drives bond prices down. Only a plain bank savings account/money market account is truly risk free, but there you are looking at returns of 1%. You don't want to put long-term money there; inflation will eat it up. It's important to know your risk tolerance. If you can't stomach the idea of 90% stocks, go 80 or 70% (with Vanguard, this would put you in their 2030 or 2025 target retirement fund). With your time horizon you should make any losses back and the gains should be worth the higher risk, but you have to be willing to ride them out. [/quote]
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