Whether you are signing up to participate in your company’s 401(k) plan, or establishing your first IRA, there are some basic fundamentals for you to keep in mind.

Save, Save, Save. That’s the hard part.

The easy part is investing those dollars. A simple “Target-Date” mutual fund is all you need. These investments generally consist of one investment made up of low cost index funds, that automatically re-balance over time to a more conservative allocation as you approach retirement.

For beginning investors, I have compiled a short list of Target-Date funds to consider for your first investment.