A minor adjustment today, a huge difference tomorrow

Your single financial task this month is to dedicate a small block of time, just 20 minutes, to review your retirement accounts. Logging into your 401(k) or IRA allows you to see if your current investment mix still matches your original plan, or if market shifts mean you need to rebalance. For those using automated robo-advisors or Target Date Funds, this rebalancing is typically taken care of behind the scenes, but spending just 20 minutes once a year to audit your accounts is still a critical step to ensure your financial health is on track.

Before you log out, check your current contribution levels to ensure you are securing your full employer match in your 401(k). Missing out on the match means turning down free money. If your budget allows, try bumping your contribution level up by just 1%; a small shift now that pays massive dividends down the road.