Review Options Regularly
The 401(k) plan you have now is most probably vastly different from the one you started off with, especially if you’ve been with your current employer for a significant chunk of time.
One of the biggest mistakes people make? Setting it up and forgetting it. You could be missing out on important information and choices that could boost your retirement savings exponentially. Does this mean you have to overanalyze your investment accounts constantly? No, that’s another big mistake people make.
Once a year, double-check if your plan fits the rest of your financial portfolio. Also, look at the fees you’re paying. It’s always a good idea to also stay on top of vesting schedules, your employer match, and your investment choices.