Your #401k does not manage itself. Sure, there are some automation buttons you can choose from, and it's easy to let 2, 3 maybe even 10 years slip by without giving it another thought. Your 401k will likely become (if not already) your biggest asset. It's what you will rely on to fund the majority of your retirement years. With something that important, WHY aren't we taking it more serious? Most folks strategy is to ignore it until the time they want to retire, and then find out whether or not they can afford to OR adjust their lifestyle down to make due. It is reactionary, and I'm am pleading with you to be PROACTIVE, and take control now. You might have to spend some time (or money) on optimizing the account, but we regularly do a lot more, for a lot less in our every day lives.
401k's are not overly complicated. In fact, their limiting features make them easy to manage with little effort. The key is to build out the proper allocation, rebalance it at proper drift triggers, not date intervals, and keep the fee drag to a minimum. After that it's routine maintenance and a deeper dive into the "how much" and "what type" you are contributing. All of that should be reviewed on an annual basis, because your life, tax status, goals, time horizon etc change pretty much that often.
Today's episode should give you some things to consider and hopefully realize you have more control, than you think.
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