What steps should you take to avoid ignoring the investments contained in a retirement account?

Answer to: Often people don't monitor the value or reevaluate the investments contained in a retirement account. What steps should you take to avoid this situation?

One of the major themes of this website is that you should build a budget, a balance sheet and a life plan. Your retirement account is an essential part of your Balance Sheet through life and that is the basis of your retirement income in your golden years. The Big 3 should be reviewed every payday or every month at the start. After a few months or a few years you have a pretty good idea where your personal finances are situated at any time. However, you should have regular reviews every 6 months or each year. The economy can change or events can happen in your lives that change your financial picture. Even if all is well you should make sure that you are on course and check to see if you have some new goals and aspirations to add to your life plan. This is just prudent financial and life management.