Do You Keep On top Of Your 401k and IRA investments?

  
     
  By: Bill Earle  
 

The asset allocation of your 401k and IRA investments are very important, when was the last time you looked at them? The market bottomed out last year, did you panic? Did you sell all your mutual funds or stop your retirement contributions? Was it then? You can always protect your retirement and pension funds and weather any storm if you follow these simple rules.]

Even when you put your retirement plan on autopilot, it still makes sense to keep on top of your 401k and IRA investments. Check to see how your investments are performing in comparison to the other selections in your retirement plan. Have the fees for your funds increased? Is it time to change funds? The buy and hold strategy no longer work in today's volatile market. Check your retirement account frequently so that you can adjust your investment strategy as needed to minimize your losses and maximize your gains.

In today's unpredictable market there will be changes to your original asset allocation securities values, even after just a few days. It is no longer a good strategy to have only one asset allocation plan for every market performance, especially when the market changes so swiftly. By selling any under-performing and buying better performing funds, you could be in for a really nasty surprise.

Incrementally increasing your contributions will go a long way into securing your retirement. If you are going to get a cost of living pay increase or a promotion, how about putting a percentage of that increase into your retirement account? If you decide that you need to make a change to your asset allocation, consider adding additional contributions until you arrive at your new allocation.

We will send you an emailed report every Friday evening with the most up-to-date performance details for the stocks/mutual funds you currently own or are eligible to purchase in your 401(k) or IRA retirement plan. 52 weekly reports vs 4 quarterly reports. It's a No-brainer to see which one gives you more timely information in a volatile market to help you maximize your gains and minimize your losses. By checking your retirement account frequently, you can protect your 401k and IRA from funds that are under performing and ensure that you are invested in the best performing funds when the stock market is up.


  
  Article Source: http://yourfinance.co.za   
     
 
About The Author
Learn more about retirement planning. Stop by Bill Earle's site where you can find out all about 401k retirement accounts and protecting your pension funds and what it can do for you.

 		  
     
 
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