6 disastrous 401(k) mistakes
5. Checking investments every day
Savers ought to find a middle-of-the road approach to monitoring their accounts. Saving in a 401(k) is a long-term goal, and that means that there will be peaks and valleys in performance — and that’s OK. “Obsessing can lead to knee-jerk reactions that undermine your long-term plan,” Mr. Castille observed.
Periodically check to make sure you’re on track, and don’t let market highs and lows distract you from your goal.