Comments on: How Often Do You Review Your Retirement Portfolios?

By: Sarah

Sarah — Tue, 28 Jul 2009 12:25:26 +0000

Well, I do receive 401k/IRA/investment statments every quarter which I reveiw. Other than that, I log on about once every month or so. With my 401K, I also see my contributions on my paystub (bi-weekly). Other investments, I see withdrawals from our bank account monthly.

*I* think it's up to the individual (not the company) to make sure this is correct.

By: bluntmoney

bluntmoney — Tue, 28 Jul 2009 02:11:04 +0000

Whenever I make a change to anything financial, I double-check to make sure it actually took effect. I can't help but think that he wouldn't be upset if the change had been forgotten and he'd LOST money.

By: elizabeth

elizabeth — Sat, 25 Jul 2009 17:06:47 +0000

I must confess that I rarely check mine. Well, I did check it this past week because I had a specific reason why I was curious about the balance in general. But otherwise, I might log in once a year, usually after our company contributions deposit in the beg. of the year, to see what the total was (they announce the %, but I never really know what that means in $ amount). 🙂

By: One Frugal Girl

One Frugal Girl — Sat, 25 Jul 2009 03:11:01 +0000

My husband claims that his friend may not have noticed the paycheck discrepancy because he's paid an hourly wage and may work different hours each month. I still think he'd have a general idea how large his paycheck should be, but I suppose his hours could vary greatly.

By: laura @ so alaurable

laura @ so alaurable — Fri, 24 Jul 2009 12:16:01 +0000

I would have noticed the difference in my paycheck the first time it went through. I probably log in to check my 401k and Roth IRA performance about twice a month, but I use Quicken several times a week and would have noticed a change there as well.

By: Ms. V

Ms. V — Fri, 24 Jul 2009 00:36:48 +0000

Like Heather, I check my account (both 401K and separate rollover IRA) about once a week. But I would at least check once per month because I tend to record the balance on the last day to track performance monthly. And I agree with Sense… didn't he figure out how much his take home pay would be after he started contributing more? That should have been an early red flag.

By: Chaya

Chaya — Thu, 23 Jul 2009 21:38:56 +0000

I've add my account to Mint.com so I can review it any time I log in to check my finances.

By: Sense

Sense — Thu, 23 Jul 2009 16:31:24 +0000

Uh…did he not notice that his paycheck stayed the same?! yeah, he is at fault as much as the company, for sure.

By: Heather

Heather — Thu, 23 Jul 2009 11:34:22 +0000

I check my 401K about once a week. I stopped checking for a few months when the market tanked because it wasn't doing my mind any good to see the numbers drop. I would have caught the lack of a change within two weeks since our contribution levels are marked prominently on our pay stubs.