Your 401(k) Deserves a Little More Attention

By Karime Azar

For many clients, their 401(k) or employer-sponsored retirement plan is one of the largest investments they own, but also the one they think about the least. Unlike a brokerage account or IRA that’s regularly reviewed or held alongside other assets, these plans often sit in the background and go unmonitored for years.

When building financial plans, we have seen many cases where allocations are outdated or no longer appropriate, contributions haven’t kept pace with income, or beneficiaries haven’t been updated in a long time. If that sounds familiar, it may be time for a quick check-up.

Here are a few questions worth asking:

• How is your 401(k) currently invested, and does it still reflect your goals and risk tolerance?
• Who is listed as your beneficiary, and has anything in your life changed since then?
• Are you contributing enough each year? Is your strategy pre-tax, Roth, or a mix of both?
• Do you have old 401(k)s from previous jobs that could be consolidated?​​​​​​

Small updates can make a meaningful difference over time and we’re always happy to help you take a closer look.

The information provided is for educational and informational purposes only and does not constitute investment advice and it should not be relied on as such. It should not be considered a solicitation to buy or an offer to sell a security. It does not take into account any investor’s particular investment objectives, strategies, tax status or investment horizon. You should consult your attorney or tax advisor.

The views expressed in this commentary are subject to change based on market and other conditions. These documents may contain certain statements that may be deemed forward‐looking statements. Please note that any such statements are not guarantees of any future performance and actual results or developments may differ materially from those projected. Any projections, market outlooks, or estimates are based upon certain assumptions and should not be construed as indicative of actual events that will occur.