Reply to Best (simplest, easy to understand) way to start retirement saving?

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[quote=Anonymous][quote=Anonymous]Ok great.  One last thing, If I choose the 2025 or 2030 TRF, does that mean the account closes at that time?  Or is it more of a rough estimate and you can keep going with it?
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No, at the target retirement date, the account shifts into a mix of investments tailored for people who are retired--usually mostly bonds but with some stocks.  It's pretty easy to shift your money from one fund to another within the same investment company--if you start out with T.Rowe Price's 2035 targeted retirement fund, it would be easy to change it to another T. Rowe Price fund later.

Understand that having a lower percentage of your retirment invested in stocks has the risk that the money may not grow enough to provide you with as much in retirement.  Target retirement funds for 2045 have such a high percentage invested in stocks because young people have time to ride out the ups and downs of the stock market and the long-term average of the stock market provides higher returns than bonds.

You had a question about how do you know whether Vanguard is picking the right stocks.  Many of Vanguard's funds, like the one for the total U.S. stock market, don't pick stocks.  They invest in the whole U.S. stock market, international stock market, etc.  Mutual funds are stock funds where fund managers decide which stocks to invest in, which leads to higher fees.  
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