Review Your Options

One thing about the 401(k) plans you should know is that they can change over the years. Therefore, if you’ve been working for the same company for almost 10 years, there’s a strong chance that your current 401(k) plan is quite different from what it used to be when you first started.

Therefore, make sure you frequently check your 401(k) options such as investments, employer’s matching contributions or vesting schedule.

“Obsessing over your investment accounts is a one-way street to losing money,” Vlachogiannis warned. “On the other hand, markets change and evolve and portfolios built 10 years ago might not be relevant today. You should at least re-evaluate every year the allocation of your 401k, the fees that you are paying and how it fits the rest of your financial portfolio.”