Look at how your investments are performing. Small losses here and there are to be expected, especially if you have a lot of your money invested in riskier assets like stocks. But, if you’re routinely losing money, that’s a sign something needs to change. You may also consider moving some of your money around if it’s underperforming major market benchmark indexes, like the Dow Jones Industrial Average and the S&P 500. Switching to an affordable index fund that tracks these benchmarks may provide better, more predictable returns.
You should also evaluate how much money you’re contributing to your 401(k). Income usually rises over the course of one’s career, so you may feel more comfortable contributing more of each paycheck as your income grows. Some people choose to start small and increase their contributions by 1% of their salary every year until they reach their goal amount.
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