News Summary: Tips on managing your 401(k) plan

Published May 24, 2013 2:25am ET



RETIREMENT PLAN TWEAKS: Making periodic adjustments to your 401(k) plan’s asset allocation is a wise move, and part of remaining engaged with your overall retirement strategy. But experts suggest investors tread cautiously and avoid major changes aimed at timing the market.

START RIGHT: If your company offers to match up to a certain amount of your 401(k) contribution, make sure you’re putting in enough to qualify for the maximum.

OTHER TIPS: Need to beef up your contribution? Investors over 50 are allowed to put more of their pay toward their 401(k) plans.