It's never too early to start planning for retirement. A well-planned retirement can spell the difference between comfort and struggle in your later years. Many employers no longer offer company managed pension plans, but rather provide 401(k) retirement plans that allow you to choose where your investment dollars go. It typically takes some effort to ensure maximum returns.
Your 401(k) needs to be reviewed to ensure proper allocation of your retirement funds. Be sure to consult a financial professional should you have any questions.
There are several schools of thought when it comes to rebalancing your 401(k) plan, according to the New York Times:
Whether you choose to revisit your 401(k) yearly or every six months, it's basically a chance to examine your investments and readjust them to maximize your return. When you're choosing how to allocate your money, the best thing to do is to consult the advice of a financial professional.