​Worried that your retirement savings balance isn’t where it should be? If so, you’re not alone. A 2017 survey from Gallup found that more than 50 percent of Americans are worried about their ability to afford retirement.1
 
If you’re like many Americans, your 401(k) is your largest retirement asset. A 401(k) can be a powerful retirement savings vehicle. It offers tax-deferred growth, which means you don’t pay taxes on gains as long as the funds stay in the account.
 
Also, your employer may offer matching contributions to the plan. This means the company matches your contributions dollar-for-dollar up to a certain threshold, such as 3 percent of salary. Those matching dollars can significantly increase your savings rate.

​It’s a new year, which means for many people that it’s time to reassess their life and set new goals. Health and fitness goals are popular this time of year, as many people resolve to eat healthier or exercise more frequently. Others may focus on their education or career development. Some people may use this time to look at their house and plan out various home improvement projects for the coming year.
 
As you set your new year’s resolutions, you may want to review your financial picture. The beginning of the year is the perfect time to analyze your financial situation and develop a list of action items. A regular annual financial checkup can help you stay on top of potential risks and on track to meet your biggest financial goals.