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My neighbor's comment about his 401k made me check my own

I was talking to my neighbor Dave yesterday about his retirement plan. He said he hadn't looked at his 401k in over a year and just found out it was still in the default fund. He told me, 'I thought it was growing, but it's basically been sitting still.' That hit me because I realized I do the same thing. I set up my account when I started my job and never changed it. I logged in this morning and saw my own money isn't really working hard either. Has anyone else had this wake-up call and actually moved their money around?
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3 Comments
milaw14
milaw1418d agoMost Upvoted
Check the fees too... @hart.sage
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xenaf51
xenaf5117d ago
Man, that's so common it's scary. It's like we all set it and forget it, then get shocked later lol.
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hart.sage
hart.sage18d ago
What's the default fund your company uses, and what did you move it to?
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