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Give Your 401(k) a 2021 Checkup in 5 Simple Steps


Making 401(k) contributions is often autopilot investing, which can be a good thing. You're practicing dollar-cost averaging, which means you automatically invest regularly whether stocks are up or down. Because you fund a 401(k) through payroll deductions, you probably don't even miss the money you invest.

But you don't want to go into complete hands-off mode with your 401(k) plan. Checking in every so often will ensure you choose the best investment options and that you're on track to hit your retirement goals. Here's how to give your 401(k) a quick checkup in 2021.

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Source Fool.com


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