If you are working and have a self-directed retirement plan at work, then make sure that your investment allocation is reviewed and adjusted, at least annually. With a self-directed retirement plan, it can be easy to neglect checking on it when you’re busy with other things. Having a plan in place is only the beginning because you then need to contribute to it. But how much? How often? Do you focus more on long-term investments? What’s your risk tolerance level? These are just a few of the many questions you may find yourself asking, and every person’s answer will be different based on their personal situation.

There could be serious implications for your portfolio if your retirement plan is not updated. In order to maximize your nest egg potential, make certain that your investment allocation strategy is reviewed at least annually.