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Investing in stocks will allow your money to grow and outpace inflation around time. As your goal gets closer, it is possible to slowly but surely start to dial back your stock allocation and add in more bonds, which are generally safer investments.The Forbes Advisor editorial staff is impartial and objective. That can help aid our reporting work,

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Because index funds take a passive approach to investing by tracking a market index rather than applying Skilled portfolio management, they have a tendency to hold lower expense ratios — a price charged based within the amount you have invested — than mutual funds. But like mutual funds, investors in index funds are buying a chunk of the market

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