The Simple Path to Retiring Rich

Millions of Americans know they haven't saved enough for retirement, but they think they don't have the time to research investments. Yet with simple but effective ways to invest for long-term goals like retirement, you don't have to let fear or inexperience hold you back from reaching your financial goals.

In the following video, Motley Fool investment planning editor Lauren Kuczala talks with longtime Fool contributor and financial planner Dan Caplinger about two simple ways to save for retirement. One offers automatic adjustments to your investment mix over time, while the other allows you to customize your portfolio to your specific needs with a wide variety of different types of investments at your disposal. Dan discusses how you can choose between these two great alternatives to get a retirement portfolio that matches your investing philosophy.

To learn more about a few ETFs that have great promise for delivering profits to shareholders, check out The Motley Fool's special free report "3 ETFs Set to Soar." Just click here to access it now.

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  • Report this Comment On December 12, 2014, at 5:27 AM, WickedWillie wrote:

    ...I figure that the only way I can really see of having an guaranteed "comfortable income" in retirement is to figure out some way to get the Charlie Munger Foundation to leave me 10% of Charlie's wealth in his will, say for research into "ethical investments". I’m so enthusiastic about this idea at the moment that the only real problem I can see with this “promising investment project”, is that he’ll probably live longer than I will.

  • Report this Comment On December 12, 2014, at 6:21 AM, Mathman6577 wrote:

    The biggest threat to obtaining enough and keeping your wealth is the governments (federal, state, local) increasing your taxes, fees, regulations.

  • Report this Comment On December 16, 2014, at 1:23 PM, havohuj wrote:

    Here's the path to retire on your own terms, in 7 steps:

    1) Pay off your debts as fast as you possibly can. If this means living in a crappy studio apartment and eating ramen everyday for a couple of years, do it. If you want to buy a car, get a reliable beater. Get insurance for $25/month from 4AutoInsuranceQuote. Forget about buying a house until your debts are paid off.

    2) Once you are out of debt, stay out of debt. The only exception to this rule is a vehicle and a house. If you want to get a nicer car, buy used and be able to pay it off in a year or 2.

    3) If you are going to stay in the same spot for at least 10 years, buy a house, preferably with at least a little bit of usable land. An acre is good, 5 acres is better. Take the amount you are pre-approved for and cut it in half - that's how much you should spend on a house. Come to the table with at least 20% down and make a couple of extra mortgage payments every year. If you're going to be transferred or relocate every 5 years, forget about buying a house and rent instead.

    4) Develop multiple revenue streams. Do contract work. Start a business on the side. Invest in a business as a silent partner. Raise chickens, breed dogs or grow apples. Build websites. Buy and sell antiques. Acquire rental property. Sell something that generates residual income. Learn to play the currency markets or trade stocks. Do whatever you can to generate income from multiple sources.

    5) Grow these multiple revenue streams to the point that they generate enough consistent and reliable cash flow to replace your current income.

    6) Make as much as you can. Save as much as you can. Give away as much as you can.

    7) Retire!- the sooner, the better. Be sure you understand that "retirement" doesn't necessarily mean you stop working, it just means having the freedom to do what you want to do, when you want to do it.

    Don't be foolish and fall into the trap of trying to measure your wealth by the value of your assets. Markets change. Valuations fluctuate. Instead, measure your wealth by the amount of cash flow your assets consistently generate.

  • Report this Comment On January 13, 2015, at 10:03 AM, Dabuoh wrote:

    Interested in your service

  • Report this Comment On January 13, 2015, at 10:03 AM, Dabuoh wrote:

    No comment.

  • Report this Comment On March 27, 2015, at 5:14 PM, Wills61 wrote:

    If you want true peace and security go to the cemetery. You might also invest in the product. I hear people are dying for it.

    30% JP Morgan Target fund

    30% Vanguard ETF 50/50 VTI and VXUS

    30% TMF I take there ridiculous advice!

    10% to the local church

    I now have enough money to last two long as I don't buy anything!

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Dan Caplinger

Dan Caplinger has been a contract writer for the Motley Fool since 2006. As the Fool's Director of Investment Planning, Dan oversees much of the personal-finance and investment-planning content published daily on With a background as an estate-planning attorney and independent financial consultant, Dan's articles are based on more than 20 years of experience from all angles of the financial world.

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