It's time to revisit your 401(k) for the new year.
Here are some items to consider...
The IRS has just updated plan contributions to $18,000 for 2015 and $6,000 for catch-up contributions for those 50 and up. Think about increasing your contributions. 10% of your compensation is a good rule of thumb.
Revisit your allocations. Make sure you are taking the right amount of risk for your age and profile. Very few investors should be "All in". That strategy has a tendency to be dangerous to your financial health.
Maximize your company match. It doesn't matter what the match is...it's free!
Protect your retirement funds by having an emergency fund. When bad times come, participants sometimes need to access funds which may lead to taxes and penalties. Having a solid emergency fund in place helps to create a buffer for your retirement plan and your family.
As always speak to your advisor before making changes to see if they are suitable for you.