Building an investment portfolio can be overwhelming, but an S&P 500 index fund is a solid option for retirement. By investing $500 a month with an 8% annual return, you could have over $1.5 million in 40 years. However, as retirement nears, consider diversifying with cash, bonds, or dividend stocks to mitigate market volatility. Social Security secrets could also boost retirement income, potentially adding $23,760 per year. While an S&P 500 index fund is a good foundation, adjusting your strategy as retirement approaches will help manage risk and ensure a comfortable retirement.

Read more at Yahoo Finance: Can You Retire on an S&P 500 Index Fund?