Basic tips to keep in mind when it comes to your investment
Sara Hemmings //August 28, 2019//
Basic tips to keep in mind when it comes to your investment
Sara Hemmings //August 28, 2019//
A lot of people ask me how often they should look at their 401k. You want to look at it at the beginning of the year to determine whether your current allocation is aligned with your risk tolerance and goals. The middle of the year is another good time to check in to see how your investments are doing and determine if you should increase your contribution.
Here are some basic tips to keep in mind when it comes to your 401k plan:
It’s important to look at your total financial plan and what your goals are. If you don’t know how to do that, sit down with a financial advisor who can help you figure out your goals, look at your risk analysis and help create a plan that’s intended just for you. Most importantly, start planning early. There are a lot of strategies and ways to get you where you want to be, as long if you have the time to allow the strategies to work.
Sara Hemmings is Financial Advisor with Morgan Stanley Wealth Management in Loveland. Sara can be reached at [email protected] or 970.776.5506.