By Andrea Coombes
Five to-do items to keep your retirement account on track.
Have you looked at your 401(k) lately? Many are convinced the best thing to do with a retirement plan is not to fiddle with it. It’s good to ignore short-term volatility and focus on long-term goals. But you shouldn’t ignore your account entirely.
“Check it annually,” says Kimberly Foss, founder of Empyrion Wealth Management Inc. in Roseville, Calif., and New York. “A lot of people set it and forget it. That’s a big deterrent to really creating wealth for an individual over time,” Ms. Foss says, noting that she helps clients manage their 401(k)s like any other asset.
Here are five to-do items to keep your 401(k) on track in 2017. Read more here.