Check Your 401(k) Quarterly? You May Be In for a Big Shock

Some people check up on their investments on a weekly basis. Others do so on a monthly basis. But if you're more of a hands-off investor, you may not check up on your 401(k) plan until your next quarterly statement arrives in the mail.

Checking on your retirement plan quarterly doesn't mean you're being neglectful. And the reality is that many 401(k) savers have their money allocated to different index funds or target date funds, both of which are pretty hands-off investments. As such, there's really little need to check up on those accounts weekly or monthly.

Image source: Getty Images.

Source Fool.com