Investing 101: Just One Thing To Do

We’re wrapping up January’s focus on investing with your monthly money task. This month, review your investment portfolio (your 401(k), IRA, etc) to make sure it is aligned with your long-term goals and risk tolerance. It’s really important to regularly evaluate the mix of assets in your portfolio because market fluctuations can cause it to drift from its target allocation. This is a great opportunity to rebalance your portfolio and realign it with your desired asset allocation. If you’re invested in target date funds, a robo-advisor, or have an investment advisor most of this is taken care of for you but you should still check in on things. While you’re at it, don’t forget to review your contributions to your workplace retirement plan. Try to maximize any employer matching contributions that are available to you and consider bumping up your contributions if you’re able.