The best way to keep your 401(k) account on track is to make sure your contributions are invested according to your asset allocation target.Rebalancing is an important investment management tool available to 401(k) plan participants to help ensure that they have enough retirement assets.When you rebalance periodically you should only have to make modest adjustments.Although the primary objective of rebalancing is risk control, it does not have to mean a significant reduction in return.
Learn more about the differences in benchmark indices to best track your investment performance.When choosing an index as a benchmark for evaluating your security’s performance, remember to select one that represents your type of investment.Some indices are broad-based and others are specific to one sector or type of investment.The historical data and performance trend information that these indices provide can help you see where your security fits into the big picture.
Increasing your plan contribution today can give you the potential for a larger plan balance tomorrow.With uncertainly about future Social Security benefits and other sources of income, focusing on your retirement plan savings is critical.Even small saving increases, especially if implemented on a routine basis, can add up to more savings at retirement.
Approach collecting in a way that strengthens family communication and connection.Actively involving your children and grandchildren in building a collection that interests them can be a way to unify a family.Collecting as a family can enhance communication, teach valuable skills, and create stronger bonds.The ultimate goal is to build a solid, positive, and successful family that becomes a unique collection in itself.
If you don’t have a comprehensive estate plan in place, the results could be disastrous. You never know what life has in store for you, and procrastinating on setting up your estate can have serious consequences for your loved ones and your assets.One of the best motivators for getting started is the knowledge of what could happen if you don’t.It’s important to review all of your plans after a change to your personal situation to ensure that they continue to meet your family’s goals.