Core Viewpoint - The personal pension system is officially implemented nationwide, expanding investment options for retirement through the inclusion of 85 equity index funds (Y shares) [1][2]. Group 1: Investment Opportunities - The trend towards passive investment is driving the popularity of index funds, particularly broad-based index funds that offer wide market representation and lower costs [4]. - Investing in index funds allows for risk diversification as it equates to investing in a "basket of stocks" [5]. - The variety of index products available, along with mature management capabilities and transparent operations, enhances the investment experience [6]. Group 2: Cost and Tax Benefits - Y shares of index funds have significantly reduced management and custody fees, with management fees at 0.5% per year and custody fees at 0.1% per year, which are 50% of the ordinary share fees [9]. - The personal pension system offers tax benefits, allowing contributions up to 12,000 yuan per year to be deducted from taxable income, with a maximum tax reduction of 5,400 yuan [10]. - Investment income in personal pension accounts is not subject to personal income tax, and withdrawals are taxed at a lower rate of 3% [10].