When was the last time you reviewed your 401(k)?
Be honest, if you had to log in right now, would you remember your password… or even what you’re invested in?
If that question made you pause, you’re not alone. And you might be making one of the most common (and costly) retirement mistakes.
The Problem: “Set It and Forget It”
We’re big fans of automation. Contributing consistently to your 401(k) is one of the smartest financial habits you can have.
But here’s where things go wrong:
People set it… and completely forget it.
Your 401(k) isn’t a one-time decision, it’s something that should evolve as your life does.
What Happens When You Ignore It?
Over time, your portfolio can drift away from where it should be.
That means:
- Your risk level may no longer match your timeline
- Your investments may be out of balance
- You could be missing opportunities to optimize growth or reduce risk
We’ve seen people nearing retirement still heavily invested in aggressive funds… and others decades away from retirement playing it far too safe.
Neither scenario is ideal.
A Simple Fix That Makes a Big Difference
You don’t need to overhaul everything.
But a quick review once or twice a year can go a long way:
- Rebalance your allocation
- Revisit your contribution rate
- Make sure your investments align with your goals
Think of it like a routine check-up, not a full renovation.
The Bottom Line
Your 401(k) is one of the most important tools for your future.
It deserves more than a “set it and forget it” approach. If it’s been a while since you’ve reviewed your 401(k), now is a great time to take a look. And if you’re not sure what you’re seeing or just want a second set of eyes, we’re here to help. Schedule a quick 15-minute check-in and get clarity on where you stand.
About Phil Rosenau
As a graduate of Germantown Academy, Phil Rosenau earned his bachelor’s degree in economics at Drew University, while also earning a minor in business management. His passion for creating and maintaining business relationships drove him to join the Prudential Advisors team, where he met Charlie and Ricardo before starting Paragon Wealth together.
Phil is a lifelong resident of Bucks County and the son of a local entrepreneur. He understands the unique needs of small business owners, takes pride in providing his clients with the knowledge to understand their unique financial situation, and helping them navigate their financial future with confidence. He enjoys spending time with his wife, Caroline, and two children, he is the current president of the MDM networking group, and he is active with the local CrossFit community. Phil is also proud to be part of the Drew University Lacrosse Legacy where he played all four years. You can find Phil here on LinkedIn, or here on Facebook.
The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. All investing involves risk including loss of principal. No strategy assures success or protects against loss.
Advisors associated with Paragon Wealth Management may be either (1) registered representatives with, and securities offered through LPL Financial, Member FINRA/SIPC, and investment advisor representatives of Great Valley Advisor Group, or (2) solely investment advisor representatives of Great Valley Advisor Group, and not affiliated with LPL Financial. Investment advice offered through Great Valley Advisor Group, a registered investment advisor. Great Valley Advisor Group and Paragon Wealth Management are separate entities from LPL Financial.