Why You Should Read Your 401(k) Statement
When is the last time you took more than a few seconds to review your quarterly 401(k) statement? Most people only take a quick glance to see if they made or lost money over the last three months before placing the document in a filing cabinet. The reality is if it has been more than a year or two since you reviewed your 401(k) statement in detail, you are likely putting your financial security during retirement at risk.
The most significant reason a 401(k) account should be reviewed at least every couple of years is that an investor’s risk tolerance …
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