I’ve gone a step beyond index funds by investing on Motif Investing. Motif is a new investing site that lets you build your own stock funds and save money investing. You can group up to 30 stocks and buy them all with one trade. You get instant diversification and don’t have to pay the annual fees like you do with index funds.
Many people plan on traveling during retirement yet fail to appreciate how expensive this can be. Build a realistic retirement budget and use this to calculate how much you will need to fund your lifestyle for required number of years you plan on being retired.