Clark is a long time believer in mutual funds as a way to build up long-term savings and retirement income. However, the mutual fund industry has had a really rough time recently because of all the corruption going on at various brokerages. Brokers have been putting people’s money in unstable funds in order to receive big bonuses or trips. So far the fines they’ve had to pay as a result are between $2 and 3 million. But no one has gone to jail yet, and that is where Clark thinks these crooks belong. The industry has fought tooth and nail against the federal government establishing some meaningful oversight over the mutual fund industry. The Securities and Exchange Commission has set up some rules, but the reality is that there are still a lot of crooks ripping off our money. Despite all of that negative news, Clark still believes that mutual funds are the best choice when saving for your future. The key is that you make sure you are putting money into a legitimate funds administered by low-cost companies. Much of the corruption in the business has come from the commission-based companies, so you want to be sure you choose commission-free brokerages. You can still hire a fee-only financial planner, or you can make your own decisions and buy your own funds. Either of these two ways will work fine. Clark’s top four mutual fun companies are Vanguard, TIAA-CREF, T. Rowe Price and Fidelity. Check out his favorite funds by clicking here. So, stick with one of these.